TD Asset Management Inc. Acquires 23,708 Shares of Motorola Solutions, Inc. (NYSE:MSI)

TD Asset Management Inc. raised its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 962,306 shares of the communications equipment provider’s stock after acquiring an additional 23,708 shares during the quarter. TD Asset Management Inc. owned about 0.58% of Motorola Solutions worth $444,807,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Motorola Solutions by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 21,179,834 shares of the communications equipment provider’s stock worth $9,789,955,000 after purchasing an additional 310,919 shares during the period. State Street Corp increased its stake in shares of Motorola Solutions by 2.7% in the 3rd quarter. State Street Corp now owns 7,454,643 shares of the communications equipment provider’s stock valued at $3,358,848,000 after acquiring an additional 198,183 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Motorola Solutions by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 3,736,045 shares of the communications equipment provider’s stock valued at $1,675,588,000 after acquiring an additional 89,320 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Motorola Solutions in the 4th quarter valued at approximately $1,528,949,000. Finally, Bank of New York Mellon Corp boosted its stake in Motorola Solutions by 8.5% during the 4th quarter. Bank of New York Mellon Corp now owns 1,287,296 shares of the communications equipment provider’s stock worth $595,026,000 after acquiring an additional 100,454 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Trading Up 1.6 %

NYSE MSI opened at $429.49 on Tuesday. Motorola Solutions, Inc. has a 52 week low of $332.98 and a 52 week high of $507.82. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.13 and a current ratio of 1.28. The stock’s 50 day moving average price is $445.89 and its two-hundred day moving average price is $459.74. The stock has a market capitalization of $71.70 billion, a price-to-earnings ratio of 46.58, a PEG ratio of 3.82 and a beta of 1.03.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, February 13th. The communications equipment provider reported $3.75 EPS for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.10). The business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3 billion. Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. As a group, analysts anticipate that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be given a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Friday, March 14th. Motorola Solutions’s dividend payout ratio is currently 47.29%.

Wall Street Analyst Weigh In

MSI has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. StockNews.com raised Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Barclays dropped their price target on Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Finally, Morgan Stanley boosted their price objective on Motorola Solutions from $495.00 to $505.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Motorola Solutions has a consensus rating of “Moderate Buy” and an average price target of $505.88.

About Motorola Solutions

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.