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

Canada Post Corp Registered Pension Plan grew its position in Motorola Solutions, Inc. (NYSE:MSI) by 96.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,440 shares of the communications equipment provider’s stock after acquiring 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 reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Ironwood Investment Counsel LLC raised its position in Motorola Solutions by 4.2% in the 3rd quarter. Ironwood Investment Counsel LLC now owns 1,159 shares of the communications equipment provider’s stock valued at $530,000 after purchasing an additional 47 shares during the last quarter. Prime Capital Investment Advisors LLC increased its stake in shares of Motorola Solutions by 9.9% in the third quarter. Prime Capital Investment Advisors LLC now owns 1,269 shares of the communications equipment provider’s stock valued at $580,000 after buying an additional 114 shares in the last quarter. MONECO Advisors LLC increased its stake in shares of Motorola Solutions by 11.1% in the third quarter. MONECO Advisors LLC now owns 750 shares of the communications equipment provider’s stock valued at $343,000 after buying an additional 75 shares in the last quarter. Waterloo Capital L.P. raised its holdings in shares of Motorola Solutions by 5.4% in the third quarter. Waterloo Capital L.P. now owns 1,034 shares of the communications equipment provider’s stock valued at $473,000 after buying an additional 53 shares during the last quarter. Finally, Portside Wealth Group LLC lifted its position in Motorola Solutions by 5.2% during the 3rd quarter. Portside Wealth Group LLC now owns 624 shares of the communications equipment provider’s stock worth $285,000 after buying an additional 31 shares in the last quarter. 84.17% of the stock is owned by institutional investors and hedge funds.

Motorola Solutions Stock Performance

Shares of Motorola Solutions stock opened at $421.98 on Friday. The firm has a fifty day moving average of $385.88 and a two-hundred day moving average of $420.96. The company has a debt-to-equity ratio of 3.59, a quick ratio of 0.86 and a current ratio of 1.03. The stock has a market capitalization of $70.28 billion, a price-to-earnings ratio of 33.87, a PEG ratio of 3.15 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.

Motorola Solutions Increases Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Northcoast Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price objective for the company in a research report on Monday, December 1st. Weiss Ratings raised shares of Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, January 27th. Barclays reduced their price objective on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Finally, Piper Sandler upgraded Motorola Solutions from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $465.00 to $443.00 in a research report on Monday, January 5th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $491.86.

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.