Motorola Solutions, Inc. (NYSE:MSI) Stake Lessened by CIBC Asset Management Inc

CIBC Asset Management Inc trimmed its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 0.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 138,105 shares of the communications equipment provider’s stock after selling 1,055 shares during the quarter. CIBC Asset Management Inc owned approximately 0.08% of Motorola Solutions worth $61,980,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Fidelis Capital Partners LLC boosted its stake in Motorola Solutions by 1.0% in the third quarter. Fidelis Capital Partners LLC now owns 2,223 shares of the communications equipment provider’s stock valued at $1,038,000 after acquiring an additional 22 shares during the period. Omnia Family Wealth LLC boosted its position in Motorola Solutions by 2.2% during the 3rd quarter. Omnia Family Wealth LLC now owns 1,170 shares of the communications equipment provider’s stock valued at $527,000 after purchasing an additional 25 shares during the period. Harbour Investments Inc. grew its stake in Motorola Solutions by 2.1% during the 3rd quarter. Harbour Investments Inc. now owns 1,287 shares of the communications equipment provider’s stock worth $578,000 after buying an additional 26 shares during the last quarter. Trust Co. of Vermont increased its position in Motorola Solutions by 9.8% in the third quarter. Trust Co. of Vermont now owns 302 shares of the communications equipment provider’s stock worth $136,000 after buying an additional 27 shares during the period. Finally, Beacon Capital Management LLC lifted its stake in Motorola Solutions by 71.8% in the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock valued at $26,000 after buying an additional 28 shares during the last quarter. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Trading Down 0.6 %

Motorola Solutions stock opened at $493.70 on Friday. Motorola Solutions, Inc. has a 1 year low of $307.09 and a 1 year high of $507.82. The firm’s 50 day moving average price is $458.10 and its two-hundred day moving average price is $412.66. The firm has a market cap of $82.51 billion, a price-to-earnings ratio of 54.07, a price-to-earnings-growth ratio of 4.15 and a beta of 0.97. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.07 and a current ratio of 1.25.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.36. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. On average, research analysts predict that Motorola Solutions, Inc. will post 12.26 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be issued a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 0.88%. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s payout ratio is currently 42.94%.

Analyst Ratings Changes

MSI has been the topic of a number of analyst reports. Barclays increased their price objective on shares of Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Raymond James lifted their price target on Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Jefferies Financial Group boosted their price objective on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Evercore ISI raised their target price on Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $493.43.

Motorola Solutions 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.