CIBC Asset Management Inc Trims Position in Motorola Solutions, Inc. (NYSE:MSI)

CIBC Asset Management Inc lowered its position in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 0.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 138,105 shares of the communications equipment provider's stock after selling 1,055 shares during the quarter. CIBC Asset Management Inc owned about 0.08% of Motorola Solutions worth $61,980,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Raymond James & Associates grew its holdings in shares of Motorola Solutions by 3.7% in the second quarter. Raymond James & Associates now owns 2,319,631 shares of the communications equipment provider's stock worth $895,494,000 after purchasing an additional 82,044 shares during the last quarter. Legal & General Group Plc raised its position in Motorola Solutions by 7.7% during the 2nd quarter. Legal & General Group Plc now owns 1,530,660 shares of the communications equipment provider's stock valued at $590,911,000 after purchasing an additional 110,072 shares during the last quarter. Swedbank AB grew its position in shares of Motorola Solutions by 215.7% in the 2nd quarter. Swedbank AB now owns 1,023,956 shares of the communications equipment provider's stock worth $395,298,000 after buying an additional 699,615 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Motorola Solutions by 0.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 993,689 shares of the communications equipment provider's stock valued at $383,614,000 after acquiring an additional 4,984 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in Motorola Solutions by 59,189.5% in the third quarter. International Assets Investment Management LLC now owns 967,604 shares of the communications equipment provider's stock valued at $435,064,000 after acquiring an additional 965,972 shares in the last quarter. Hedge funds and other institutional investors own 84.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on MSI shares. Jefferies Financial Group increased their target price 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 lifted their price target on shares of Motorola Solutions from $450.00 to $500.00 and gave the company an "outperform" rating in a research report on Friday, August 30th. Bank of America upped their price objective on shares of Motorola Solutions from $440.00 to $520.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Raymond James boosted their price target on Motorola Solutions from $425.00 to $515.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Finally, Barclays raised their price objective on Motorola Solutions from $467.00 to $529.00 and gave the company an "overweight" rating in a research report on Friday, November 8th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $493.43.

Motorola Solutions Stock Down 0.9 %

MSI stock traded down $4.28 during trading on Friday, reaching $489.42. 349,587 shares of the company traded hands, compared to its average volume of 667,318. Motorola Solutions, Inc. has a 12 month low of $307.09 and a 12 month high of $507.82. The business has a 50 day simple moving average of $459.22 and a 200 day simple moving average of $413.22. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.07 and a current ratio of 1.25. The company has a market capitalization of $81.79 billion, a price-to-earnings ratio of 54.14, a price-to-earnings-growth ratio of 4.15 and a beta of 0.97.

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

Motorola Solutions Increases Dividend

The business also recently announced 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. This represents a $4.36 dividend on an annualized basis and a dividend yield of 0.89%. This is an increase from Motorola Solutions's previous quarterly dividend of $0.98. Motorola Solutions's dividend payout ratio (DPR) is 42.94%.

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.