Investment Management Corp of Ontario Has $27.21 Million Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Investment Management Corp of Ontario lowered its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 9.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,521 shares of the communications equipment provider’s stock after selling 6,422 shares during the period. Motorola Solutions accounts for approximately 0.6% of Investment Management Corp of Ontario’s investment portfolio, making the stock its 28th biggest holding. Investment Management Corp of Ontario’s holdings in Motorola Solutions were worth $27,212,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in MSI. MFA Wealth Advisors LLC bought a new position in Motorola Solutions in the 2nd quarter worth approximately $25,000. Beacon Capital Management LLC grew its position in Motorola Solutions by 71.8% during 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 period. LRI Investments LLC raised its position in shares of Motorola Solutions by 871.4% during the second quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock valued at $26,000 after buying an additional 61 shares during the last quarter. Triad Wealth Partners LLC bought a new stake in Motorola Solutions in the second quarter worth $29,000. Finally, FSA Wealth Management LLC purchased a new stake in shares of Motorola Solutions in the 3rd quarter worth $29,000. Institutional investors own 84.17% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on MSI. Evercore ISI raised their price target on shares of Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Deutsche Bank Aktiengesellschaft raised their price target on Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Bank of America boosted their price objective on Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Barclays lifted their price objective on shares of Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Finally, Jefferies Financial Group boosted their price target on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $506.29.

Motorola Solutions Stock Down 0.6 %

MSI stock opened at $496.70 on Tuesday. 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, Inc. has a one year low of $307.09 and a one year high of $507.82. The firm’s 50 day moving average price is $471.53 and its 200-day moving average price is $425.07. The firm has a market cap of $83.01 billion, a PE ratio of 54.39, a PEG ratio of 3.95 and a beta of 0.99.

Motorola Solutions (NYSE:MSI) last announced 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 analyst estimates of $2.76 billion. On average, equities research analysts anticipate that Motorola Solutions, Inc. will post 12.54 EPS for the current year.

Motorola Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be given a $1.09 dividend. The ex-dividend date is Friday, December 13th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.98. This represents a $4.36 annualized dividend and a dividend yield of 0.88%. Motorola Solutions’s payout ratio is currently 42.94%.

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.