Canada Post Corp Registered Pension Plan Purchases 2,669 Shares of Motorola Solutions, Inc. $MSI

Canada Post Corp Registered Pension Plan lifted its position in Motorola Solutions, Inc. (NYSE:MSI) by 96.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 5,440 shares of the communications equipment provider’s stock after buying an additional 2,669 shares during the period. Canada Post Corp Registered Pension Plan’s holdings in Motorola Solutions were worth $2,471,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Covea Finance increased its holdings in Motorola Solutions by 5.9% in the 3rd quarter. Covea Finance now owns 111,219 shares of the communications equipment provider’s stock valued at $50,859,000 after buying an additional 6,153 shares during the period. Obermeyer Wealth Partners boosted its position in shares of Motorola Solutions by 261.0% during the 2nd quarter. Obermeyer Wealth Partners now owns 8,073 shares of the communications equipment provider’s stock worth $3,394,000 after acquiring an additional 5,837 shares in the last quarter. Machina Capital S.A.S. increased its stake in Motorola Solutions by 345.3% in the second quarter. Machina Capital S.A.S. now owns 13,948 shares of the communications equipment provider’s stock valued at $5,865,000 after acquiring an additional 10,816 shares during the last quarter. Whalen Wealth Management Inc. acquired a new position in Motorola Solutions during the second quarter valued at approximately $257,000. Finally, Swedbank AB lifted its stake in Motorola Solutions by 20.3% during the third quarter. Swedbank AB now owns 1,345,492 shares of the communications equipment provider’s stock worth $615,280,000 after purchasing an additional 227,062 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MSI. Weiss Ratings upgraded Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, January 27th. Barclays decreased their target price on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. 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 report on Monday, December 1st. Finally, Piper Sandler raised shares of Motorola Solutions from a “neutral” rating to an “overweight” rating and decreased their price target for the company from $465.00 to $443.00 in a report on Monday, January 5th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Motorola Solutions has an average rating of “Moderate Buy” and an average price target of $491.86.

Motorola Solutions Stock Up 1.2%

Shares of NYSE MSI opened at $421.98 on Friday. The company has a 50 day simple moving average of $385.88 and a 200 day simple moving average of $420.96. The company has a debt-to-equity ratio of 3.59, a current ratio of 1.03 and a quick ratio of 0.86. Motorola Solutions, Inc. has a 1 year low of $359.36 and a 1 year high of $492.22. The firm has a market cap of $70.28 billion, a PE ratio of 33.87, a price-to-earnings-growth ratio of 3.15 and a beta of 1.00.

Motorola Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Monday, December 15th were issued a dividend of $1.21 per share. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.1%. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.01. The ex-dividend date was Monday, December 15th. Motorola Solutions’s dividend payout ratio (DPR) is presently 38.84%.

Motorola Solutions 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.