TD Asset Management Inc Purchases 113,557 Shares of Motorola Solutions, Inc. $MSI

TD Asset Management Inc lifted its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 13.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 955,868 shares of the communications equipment provider’s stock after acquiring an additional 113,557 shares during the period. TD Asset Management Inc owned 0.57% of Motorola Solutions worth $437,109,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC raised its position in shares of Motorola Solutions by 2.3% during the second quarter. Valeo Financial Advisors LLC now owns 944 shares of the communications equipment provider’s stock valued at $397,000 after buying an additional 21 shares during the last quarter. Advisors Capital Management LLC increased its holdings in shares of Motorola Solutions by 1.0% in the second quarter. Advisors Capital Management LLC now owns 2,452 shares of the communications equipment provider’s stock worth $1,031,000 after purchasing an additional 24 shares during the last quarter. Kingsview Wealth Management LLC lifted its position in shares of Motorola Solutions by 0.3% in the second quarter. Kingsview Wealth Management LLC now owns 9,115 shares of the communications equipment provider’s stock worth $3,833,000 after buying an additional 24 shares in the last quarter. Rexford Capital Inc. boosted its stake in Motorola Solutions by 0.6% during the third quarter. Rexford Capital Inc. now owns 3,893 shares of the communications equipment provider’s stock valued at $1,780,000 after buying an additional 24 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC grew its holdings in Motorola Solutions by 3.7% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 701 shares of the communications equipment provider’s stock valued at $295,000 after buying an additional 25 shares in the last quarter. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Performance

Shares of Motorola Solutions stock opened at $471.46 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 3.47. The stock’s fifty day moving average is $405.02 and its two-hundred day moving average is $422.06. Motorola Solutions, Inc. has a 52 week low of $359.36 and a 52 week high of $492.22. The company has a market capitalization of $78.10 billion, a PE ratio of 36.95, a price-to-earnings-growth ratio of 3.26 and a beta of 1.00.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.35 by $0.24. The firm had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.34 billion. Motorola Solutions had a net margin of 18.44% and a return on equity of 110.75%. The business’s revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm earned $4.04 earnings per share. As a group, analysts expect that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MSI. Northcoast Research raised Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price objective on the stock in a report on Monday, December 1st. Argus raised shares of Motorola Solutions to a “strong-buy” rating in a research note on Friday, February 13th. JPMorgan Chase & Co. lifted their price objective on shares of Motorola Solutions from $515.00 to $520.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Piper Sandler restated an “overweight” rating and issued a $499.00 target price (up from $443.00) on shares of Motorola Solutions in a report on Thursday, February 12th. Finally, Barclays increased their price target on shares of Motorola Solutions from $495.00 to $506.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Motorola Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $497.14.

Motorola Solutions Profile

Motorola Solutions, Inc is a provider of mission-critical communications and analytics solutions for public safety and commercial customers. The company designs, manufactures and supports a range of communications equipment and software aimed at enabling first responders, government agencies and enterprises to coordinate and operate reliably in high-pressure environments. Its offerings emphasize secure, resilient connectivity and situational awareness for organizations that require dependable voice, data and video communications.

Product lines include land mobile radio (LMR) systems and handheld and vehicle-mounted radios used by police, fire and emergency medical services; broadband push-to-talk and LTE-based solutions; command-and-control center software for incident management and records; and video security and analytics systems.