Canada Pension Plan Investment Board Sells 7,870 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Canada Pension Plan Investment Board reduced its holdings in Motorola Solutions, Inc. (NYSE:MSIFree Report) by 8.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 90,250 shares of the communications equipment provider’s stock after selling 7,870 shares during the period. Canada Pension Plan Investment Board owned about 0.05% of Motorola Solutions worth $24,570,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Norges Bank acquired a new position in Motorola Solutions during the fourth quarter worth about $470,994,000. Bank of Montreal Can acquired a new position in Motorola Solutions in the second quarter valued at approximately $197,322,000. Zurich Insurance Group Ltd FI lifted its holdings in Motorola Solutions by 527.0% in the second quarter. Zurich Insurance Group Ltd FI now owns 361,210 shares of the communications equipment provider’s stock valued at $105,936,000 after acquiring an additional 303,604 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Motorola Solutions by 216.7% in the 1st quarter. First Trust Advisors LP now owns 435,149 shares of the communications equipment provider’s stock valued at $105,393,000 after purchasing an additional 297,740 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of Motorola Solutions during the 3rd quarter worth $77,388,000. Institutional investors and hedge funds own 82.37% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on MSI shares. Barclays boosted their price objective on shares of Motorola Solutions from $333.00 to $352.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Motorola Solutions in a report on Friday, January 19th. They issued a “buy” rating and a $350.00 price objective on the stock. William Blair reaffirmed an “outperform” rating on shares of Motorola Solutions in a research report on Friday. Finally, StockNews.com lowered Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, November 11th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $328.29.

Get Our Latest Research Report on Motorola Solutions

Motorola Solutions Trading Up 0.8 %

NYSE:MSI opened at $330.89 on Friday. The firm has a market cap of $54.93 billion, a PE ratio of 33.32, a price-to-earnings-growth ratio of 2.76 and a beta of 0.92. The stock has a fifty day moving average price of $319.31 and a 200 day moving average price of $299.64. Motorola Solutions, Inc. has a 12-month low of $255.85 and a 12-month high of $333.00. The company has a current ratio of 0.95, a quick ratio of 0.77 and a debt-to-equity ratio of 12.51.

Motorola Solutions (NYSE:MSIGet Free Report) last announced its quarterly earnings data on Thursday, February 8th. The communications equipment provider reported $3.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.63 by $0.27. The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.82 billion. Motorola Solutions had a return on equity of 582.04% and a net margin of 17.12%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the business posted $3.38 EPS. Sell-side analysts anticipate that Motorola Solutions, Inc. will post 11.63 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 15th were paid a $0.98 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $3.92 dividend on an annualized basis and a yield of 1.18%. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.88. Motorola Solutions’s payout ratio is currently 39.48%.

About Motorola Solutions

(Free Report)

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.

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Institutional Ownership by Quarter for Motorola Solutions (NYSE:MSI)

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