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

TD Asset Management Inc grew its position in Motorola Solutions, Inc. (NYSE:MSI) by 13.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 955,868 shares of the communications equipment provider’s stock after buying an additional 113,557 shares during the quarter. TD Asset Management Inc’s holdings in Motorola Solutions were worth $437,109,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Orion Capital Management LLC purchased a new stake in Motorola Solutions in the third quarter worth about $25,000. United Community Bank raised its holdings in shares of Motorola Solutions by 81.3% in the 3rd quarter. United Community Bank now owns 58 shares of the communications equipment provider’s stock valued at $27,000 after purchasing an additional 26 shares in the last quarter. Whipplewood Advisors LLC lifted its position in shares of Motorola Solutions by 289.5% in the 2nd quarter. Whipplewood Advisors LLC now owns 74 shares of the communications equipment provider’s stock worth $31,000 after purchasing an additional 55 shares during the period. Halbert Hargrove Global Advisors LLC bought a new position in shares of Motorola Solutions during the third quarter valued at approximately $33,000. Finally, Field & Main Bank purchased a new position in Motorola Solutions during the third quarter valued at approximately $35,000. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Trading Up 1.4%

Motorola Solutions stock opened at $471.46 on Wednesday. The stock has a 50-day moving average price of $405.02 and a 200 day moving average price of $422.06. The company has a market capitalization of $78.10 billion, a price-to-earnings ratio of 36.95, a price-to-earnings-growth ratio of 3.26 and a beta of 1.00. Motorola Solutions, Inc. has a 52 week low of $359.36 and a 52 week high of $492.22. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 3.47.

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

Analyst Ratings Changes

MSI has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on Motorola Solutions from $515.00 to $520.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Weiss Ratings downgraded shares of Motorola Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 11th. Morgan Stanley reissued an “overweight” rating and set a $470.00 price target on shares of Motorola Solutions in a research report on Thursday, February 12th. Barclays lifted their price objective on shares of Motorola Solutions from $495.00 to $506.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Finally, Northcoast Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 target price for the company in a research report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $497.14.

Motorola Solutions Company 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.