Toronto Dominion Bank Buys 87,612 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Toronto Dominion Bank grew its stake in Motorola Solutions, Inc. (NYSE:MSI) by 67.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 217,023 shares of the communications equipment provider’s stock after buying an additional 87,612 shares during the quarter. Toronto Dominion Bank’s holdings in Motorola Solutions were worth $100,313,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Motorola Solutions by 1.5% in the 4th 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. Geode Capital Management LLC lifted its holdings in shares of Motorola Solutions by 12.1% in the fourth quarter. Geode Capital Management LLC now owns 4,187,217 shares of the communications equipment provider’s stock valued at $1,933,360,000 after purchasing an additional 451,172 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Motorola Solutions during the fourth quarter worth about $1,528,949,000. FMR LLC grew its holdings in shares of Motorola Solutions by 12.4% during the fourth quarter. FMR LLC now owns 3,030,915 shares of the communications equipment provider’s stock worth $1,400,980,000 after buying an additional 334,639 shares in the last quarter. Finally, Norges Bank acquired a new stake in Motorola Solutions in the 4th quarter valued at approximately $1,073,645,000. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Performance

NYSE MSI opened at $423.93 on Friday. The firm has a market capitalization of $70.76 billion, a P/E ratio of 45.98, a price-to-earnings-growth ratio of 3.82 and a beta of 0.98. The company has a current ratio of 1.28, a quick ratio of 1.13 and a debt-to-equity ratio of 3.30. The firm’s fifty day moving average price is $421.05 and its two-hundred day moving average price is $450.27. Motorola Solutions, Inc. has a 1 year low of $356.77 and a 1 year high of $507.82.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share for the quarter, topping the consensus estimate of $3.01 by $0.17. Motorola Solutions had a net margin of 14.58% and a return on equity of 197.59%. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the business earned $2.81 EPS. Motorola Solutions’s revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, research analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be given a $1.09 dividend. The ex-dividend date is Friday, June 13th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.03%. Motorola Solutions’s payout ratio is 36.39%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MSI. JPMorgan Chase & Co. reduced their price target on Motorola Solutions from $570.00 to $515.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. StockNews.com upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating in a report on Wednesday. Morgan Stanley lifted their price target on shares of Motorola Solutions from $495.00 to $505.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Finally, Barclays cut their price target on shares of Motorola Solutions from $527.00 to $511.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Motorola Solutions currently has an average rating of “Moderate Buy” and an average target price of $513.25.

Motorola Solutions Company Profile

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.