Canada Pension Plan Investment Board Increases Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Canada Pension Plan Investment Board grew its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 23.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 103,305 shares of the communications equipment provider’s stock after purchasing an additional 19,399 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.06% of Motorola Solutions worth $39,881,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in MSI. State Board of Administration of Florida Retirement System increased its holdings in Motorola Solutions by 8.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 189,360 shares of the communications equipment provider’s stock worth $67,219,000 after acquiring an additional 15,488 shares during the last quarter. Corient Private Wealth LLC increased its holdings in Motorola Solutions by 15.6% in the 4th quarter. Corient Private Wealth LLC now owns 24,237 shares of the communications equipment provider’s stock worth $7,589,000 after acquiring an additional 3,278 shares during the last quarter. First Foundation Advisors increased its holdings in Motorola Solutions by 37.7% in the 1st quarter. First Foundation Advisors now owns 354 shares of the communications equipment provider’s stock worth $126,000 after acquiring an additional 97 shares during the last quarter. BDF Gestion purchased a new stake in Motorola Solutions in the 2nd quarter worth about $7,377,000. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in Motorola Solutions by 29.8% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 20,036 shares of the communications equipment provider’s stock worth $6,273,000 after acquiring an additional 4,594 shares during the last quarter. 84.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Evercore ISI lifted their price objective on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Bank of America raised their target price on Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Finally, Barclays raised their target price on Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $466.17.

Insider Buying and Selling

In related news, COO John P. Molloy sold 23,985 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $407.50, for a total value of $9,773,887.50. Following the completion of the sale, the chief operating officer now owns 46,821 shares in the company, valued at approximately $19,079,557.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.50% of the stock is currently owned by corporate insiders.

Motorola Solutions Stock Performance

Shares of MSI opened at $442.57 on Friday. The company has a market cap of $73.82 billion, a PE ratio of 54.71, a price-to-earnings-growth ratio of 3.80 and a beta of 0.97. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 7.03. The stock has a 50-day moving average price of $418.74 and a 200-day moving average price of $381.15. Motorola Solutions, Inc. has a 12-month low of $269.64 and a 12-month high of $448.98.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.01 by $0.23. The firm had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.59 billion. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the company posted $2.41 EPS. As a group, equities analysts forecast that Motorola Solutions, Inc. will post 12.22 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 13th will be given a $0.98 dividend. The ex-dividend date is Friday, September 13th. This represents a $3.92 dividend on an annualized basis and a yield of 0.89%. Motorola Solutions’s payout ratio is 48.45%.

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.