Canada Pension Plan Investment Board Boosts Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

Canada Pension Plan Investment Board boosted its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 1,769.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 98,120 shares of the communications equipment provider’s stock after purchasing an additional 92,870 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.06% of Motorola Solutions worth $28,777,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Tucker Asset Management LLC acquired a new stake in Motorola Solutions in the first quarter valued at approximately $27,000. Albion Financial Group UT lifted its stake in Motorola Solutions by 3,633.3% in the second quarter. Albion Financial Group UT now owns 112 shares of the communications equipment provider’s stock worth $33,000 after acquiring an additional 109 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in Motorola Solutions in the first quarter worth approximately $35,000. Eagle Bay Advisors LLC purchased a new position in Motorola Solutions in the second quarter worth approximately $35,000. Finally, Tortoise Investment Management LLC lifted its stake in Motorola Solutions by 1,140.0% in the second quarter. Tortoise Investment Management LLC now owns 124 shares of the communications equipment provider’s stock worth $36,000 after acquiring an additional 114 shares during the last quarter. Institutional investors and hedge funds own 82.37% of the company’s stock.

Motorola Solutions Stock Up 0.8 %

MSI stock opened at $312.25 on Wednesday. The company has a fifty day moving average price of $284.93 and a 200 day moving average price of $285.66. Motorola Solutions, Inc. has a 12 month low of $248.75 and a 12 month high of $312.93. The company has a market cap of $51.83 billion, a price-to-earnings ratio of 31.57, a price-to-earnings-growth ratio of 2.94 and a beta of 0.91. The company has a debt-to-equity ratio of 12.51, a current ratio of 0.95 and a quick ratio of 0.77.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, November 2nd. The communications equipment provider reported $3.19 EPS for the quarter, beating the consensus estimate of $3.03 by $0.16. Motorola Solutions had a net margin of 17.30% and a return on equity of 668.00%. The firm had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter in the prior year, the firm earned $2.79 EPS. Motorola Solutions’s revenue for the quarter was up 7.7% on a year-over-year basis. Sell-side analysts expect that Motorola Solutions, Inc. will post 10.61 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 15th were paid a $0.88 dividend. The ex-dividend date was Thursday, September 14th. This represents a $3.52 annualized dividend and a yield of 1.13%. Motorola Solutions’s dividend payout ratio is currently 35.59%.

Insider Buying and Selling at Motorola Solutions

In other Motorola Solutions news, CEO Gregory Q. Brown sold 65,000 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $305.27, for a total value of $19,842,550.00. Following the transaction, the chief executive officer now directly owns 62,105 shares of the company’s stock, valued at approximately $18,958,793.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Motorola Solutions news, CEO Gregory Q. Brown sold 65,000 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $305.27, for a total value of $19,842,550.00. Following the transaction, the chief executive officer now directly owns 62,105 shares of the company’s stock, valued at approximately $18,958,793.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Cynthia Yazdi sold 5,850 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $306.00, for a total transaction of $1,790,100.00. Following the completion of the transaction, the senior vice president now directly owns 3,780 shares in the company, valued at $1,156,680. The disclosure for this sale can be found here. In the last three months, insiders have sold 76,506 shares of company stock valued at $23,359,370. 1.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on MSI shares. Barclays decreased their price target on shares of Motorola Solutions from $329.00 to $322.00 and set an “overweight” rating for the company in a research note on Friday, August 4th. Raymond James boosted their price objective on shares of Motorola Solutions from $315.00 to $320.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Bank of America started coverage on shares of Motorola Solutions in a research report on Monday, October 9th. They set a “buy” rating and a $330.00 price objective for the company. StockNews.com downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Morgan Stanley boosted their price objective on shares of Motorola Solutions from $290.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Friday, August 4th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $312.57.

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.