Cidel Asset Management Inc. Acquires 13,312 Shares of Motorola Solutions, Inc. $MSI

Cidel Asset Management Inc. increased its stake in shares of Motorola Solutions, Inc. (NYSE:MSIFree Report) by 71.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,061 shares of the communications equipment provider’s stock after purchasing an additional 13,312 shares during the quarter. Cidel Asset Management Inc.’s holdings in Motorola Solutions were worth $14,661,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Valeo Financial Advisors LLC raised its position in shares of Motorola Solutions by 2.3% in the 2nd quarter. Valeo Financial Advisors LLC now owns 944 shares of the communications equipment provider’s stock valued at $397,000 after purchasing an additional 21 shares during the last quarter. Advisors Capital Management LLC boosted its stake in shares of Motorola Solutions by 1.0% in the second quarter. Advisors Capital Management LLC now owns 2,452 shares of the communications equipment provider’s stock worth $1,031,000 after buying an additional 24 shares during the last quarter. Kingsview Wealth Management LLC boosted its position in Motorola Solutions by 0.3% in the 2nd quarter. Kingsview Wealth Management LLC now owns 9,115 shares of the communications equipment provider’s stock worth $3,833,000 after purchasing an additional 24 shares in the last quarter. Rexford Capital Inc. increased its holdings in Motorola Solutions by 0.6% in the third quarter. Rexford Capital Inc. now owns 3,893 shares of the communications equipment provider’s stock valued at $1,780,000 after buying an additional 24 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC boosted its position in Motorola Solutions by 3.7% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 701 shares of the communications equipment provider’s stock worth $295,000 after purchasing an additional 25 shares in the last quarter. 84.17% of the stock is owned by hedge funds and other institutional investors.

Motorola Solutions Stock Up 1.9%

MSI stock opened at $462.19 on Friday. Motorola Solutions, Inc. has a one year low of $359.36 and a one year high of $492.22. The company has a fifty day moving average of $392.04 and a 200-day moving average of $421.24. The stock has a market capitalization of $76.98 billion, a PE ratio of 36.22, a price-to-earnings-growth ratio of 3.45 and a beta of 1.00. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.86 and a current ratio of 1.04.

Motorola Solutions (NYSE:MSIGet Free Report) last released its quarterly earnings data on Wednesday, February 11th. The communications equipment provider reported $4.59 EPS for the quarter, topping analysts’ consensus estimates of $4.35 by $0.24. The firm had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.34 billion. Motorola Solutions had a net margin of 18.44% and a return on equity of 110.75%. The firm’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.04 earnings per share. As a group, analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Monday, December 15th were paid a $1.21 dividend. This represents a $4.84 annualized dividend and a dividend yield of 1.0%. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.01. The ex-dividend date was Monday, December 15th. Motorola Solutions’s payout ratio is presently 37.93%.

Key Stories Impacting Motorola Solutions

Here are the key news stories impacting Motorola Solutions this week:

Wall Street Analyst Weigh In

MSI has been the topic of several research analyst reports. Northcoast Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 target price on the stock in a research report on Monday, December 1st. JPMorgan Chase & Co. lifted their price objective on Motorola Solutions from $515.00 to $520.00 and gave the stock an “overweight” rating in a research report on Thursday. Weiss Ratings downgraded Motorola Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Morgan Stanley reissued an “overweight” rating and issued a $470.00 price target on shares of Motorola Solutions in a research note on Thursday. Finally, Barclays increased their target price on Motorola Solutions from $495.00 to $506.00 and gave the stock an “overweight” rating in a research note on Thursday. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $497.14.

Read Our Latest Stock Analysis on MSI

Motorola Solutions Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Motorola Solutions (NYSE:MSI)

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