Investors Buy Motorola Solutions (MSI) on Weakness

Investors bought shares of Motorola Solutions Inc (NYSE:MSI) on weakness during trading hours on Wednesday. $45.72 million flowed into the stock on the tick-up and $27.21 million flowed out of the stock on the tick-down, for a money net flow of $18.51 million into the stock. Of all equities tracked, Motorola Solutions had the 33rd highest net in-flow for the day. Motorola Solutions traded down ($0.64) for the day and closed at $89.91

A number of brokerages have recently commented on MSI. Zacks Investment Research raised shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research report on Thursday, November 9th. ValuEngine lowered shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Jefferies Group reissued a “buy” rating and issued a $105.00 price objective on shares of Motorola Solutions in a research report on Friday, October 6th. Finally, Cleveland Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating in a research report on Friday, October 6th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Motorola Solutions presently has an average rating of “Buy” and a consensus target price of $95.08.

The company has a market capitalization of $14,565.40, a price-to-earnings ratio of 23.19, a price-to-earnings-growth ratio of 3.80 and a beta of 0.35. The company has a quick ratio of 1.16, a current ratio of 1.30 and a debt-to-equity ratio of -5.41.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, November 2nd. The communications equipment provider reported $1.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.13. Motorola Solutions had a net margin of 10.51% and a negative return on equity of 92.09%. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the previous year, the company earned $1.37 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. sell-side analysts forecast that Motorola Solutions Inc will post 5.13 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 15th will be issued a $0.52 dividend. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.47. This represents a $2.08 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend is Thursday, December 14th. Motorola Solutions’s payout ratio is currently 53.20%.

In related news, EVP Bruce W. Brda sold 5,916 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $92.41, for a total value of $546,697.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Gregory Q. Brown sold 75,019 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $90.91, for a total transaction of $6,819,977.29. Following the completion of the transaction, the chief executive officer now owns 183,312 shares in the company, valued at $16,664,893.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 359,286 shares of company stock worth $33,178,275. Corporate insiders own 2.50% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in MSI. Grove Bank & Trust grew its stake in shares of Motorola Solutions by 731.0% in the third quarter. Grove Bank & Trust now owns 1,205 shares of the communications equipment provider’s stock valued at $102,000 after acquiring an additional 1,060 shares in the last quarter. Sun Life Financial INC lifted its position in Motorola Solutions by 14,800.0% during the second quarter. Sun Life Financial INC now owns 1,192 shares of the communications equipment provider’s stock worth $103,000 after purchasing an additional 1,184 shares during the period. Acrospire Investment Management LLC lifted its position in Motorola Solutions by 33.3% during the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the communications equipment provider’s stock worth $104,000 after purchasing an additional 300 shares during the period. Fuller & Thaler Asset Management Inc. bought a new stake in Motorola Solutions during the third quarter worth about $187,000. Finally, Williams Jones & Associates LLC bought a new stake in Motorola Solutions during the second quarter worth about $201,000. Institutional investors and hedge funds own 87.78% of the company’s stock.

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About Motorola Solutions

Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.

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