Motorola Solutions Inc (NYSE:MSI) has earned an average rating of “Buy” from the sixteen brokerages that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $103.27.
A number of research firms recently issued reports on MSI. JPMorgan Chase & Co. began coverage on Motorola Solutions in a research report on Friday, February 9th. They set a “neutral” rating and a $115.00 price objective for the company. MKM Partners boosted their price objective on Motorola Solutions to $116.00 and gave the company a “neutral” rating in a research report on Monday, February 5th. Citigroup boosted their price objective on Motorola Solutions from $112.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, February 5th. BMO Capital Markets boosted their price objective on Motorola Solutions from $102.00 to $116.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Finally, Zacks Investment Research upgraded Motorola Solutions from a “hold” rating to a “buy” rating and set a $108.00 price objective for the company in a research report on Wednesday, January 17th.
In other Motorola Solutions news, CAO John K. Wozniak sold 45,577 shares of the business’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $104.90, for a total transaction of $4,781,027.30. Following the completion of the transaction, the chief accounting officer now owns 20,099 shares in the company, valued at approximately $2,108,385.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gregory Q. Brown sold 100,000 shares of the business’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $92.57, for a total value of $9,257,000.00. Following the transaction, the chief executive officer now owns 99,015 shares of the company’s stock, valued at approximately $9,165,818.55. The disclosure for this sale can be found here. Insiders have sold a total of 1,248,297 shares of company stock valued at $42,598,147 in the last quarter. 2.50% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in the business. We Are One Seven LLC acquired a new position in Motorola Solutions during the 4th quarter worth $550,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in shares of Motorola Solutions by 9.4% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 9,300 shares of the communications equipment provider’s stock worth $840,000 after buying an additional 800 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its stake in shares of Motorola Solutions by 12.5% in the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 455,000 shares of the communications equipment provider’s stock worth $41,105,000 after buying an additional 50,700 shares in the last quarter. Segall Bryant & Hamill LLC raised its stake in shares of Motorola Solutions by 35.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 4,462 shares of the communications equipment provider’s stock worth $403,000 after buying an additional 1,165 shares in the last quarter. Finally, MetLife Investment Advisors LLC bought a new stake in shares of Motorola Solutions in the 4th quarter worth $4,528,000. Institutional investors own 87.13% of the company’s stock.
Motorola Solutions (MSI) traded down $0.22 during trading hours on Friday, reaching $105.91. The company had a trading volume of 1,075,534 shares, compared to its average volume of 1,422,616. Motorola Solutions has a twelve month low of $78.23 and a twelve month high of $107.78. The firm has a market cap of $17,220.00, a price-to-earnings ratio of 24.54, a P/E/G ratio of 2.08 and a beta of 0.40. The company has a quick ratio of 1.24, a current ratio of 1.35 and a debt-to-equity ratio of -2.56.
Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, February 1st. The communications equipment provider reported $2.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.04 by $0.06. Motorola Solutions had a negative return on equity of 75.81% and a negative net margin of 2.43%. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the firm posted $2.03 EPS. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. sell-side analysts forecast that Motorola Solutions will post 6.31 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 15th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $2.08 dividend on an annualized basis and a yield of 1.96%. Motorola Solutions’s dividend payout ratio (DPR) is presently 48.04%.
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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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