Shares of Motorola Solutions (NYSE:MSI) have been assigned a consensus rating of “Buy” from the seventeen brokerages that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $114.67.
MSI has been the subject of several research analyst reports. Zacks Investment Research cut shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Deutsche Bank raised shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research note on Friday, January 12th. Citigroup lifted their price objective on shares of Motorola Solutions from $104.00 to $112.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. BMO Capital Markets lifted their price objective on shares of Motorola Solutions from $102.00 to $116.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Finally, MKM Partners lifted their price objective on shares of Motorola Solutions to $116.00 and gave the stock a “neutral” rating in a research note on Monday, February 5th.
In related news, CAO John K. Wozniak sold 45,577 shares of Motorola Solutions stock in a transaction dated Monday, February 5th. The shares were 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 directly owns 20,099 shares of the company’s stock, valued at approximately $2,108,385.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Gregory Q. Brown sold 185,000 shares of Motorola Solutions stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $109.08, for a total transaction of $20,179,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,394,467 shares of company stock valued at $62,068,687. 2.50% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. NuWave Investment Management LLC purchased a new position in shares of Motorola Solutions during the 4th quarter worth about $168,000. Tower Research Capital LLC TRC purchased a new position in shares of Motorola Solutions during the 4th quarter worth about $188,000. Meeder Asset Management Inc. boosted its stake in shares of Motorola Solutions by 67.4% during the 4th quarter. Meeder Asset Management Inc. now owns 2,171 shares of the communications equipment provider’s stock worth $196,000 after purchasing an additional 874 shares during the period. MAI Capital Management purchased a new position in shares of Motorola Solutions during the 4th quarter worth about $202,000. Finally, Lombard Odier Asset Management Europe Ltd purchased a new position in shares of Motorola Solutions during the 4th quarter worth about $206,000. 87.94% of the stock is owned by hedge funds and other institutional investors.
MSI traded down $2.71 during trading on Friday, hitting $103.98. 1,080,416 shares of the company traded hands, compared to its average volume of 1,179,333. The stock has a market capitalization of $17,209.90, a price-to-earnings ratio of 20.00, a PEG ratio of 2.12 and a beta of 0.32. Motorola Solutions has a 1 year low of $79.63 and a 1 year high of $110.29. The company has a debt-to-equity ratio of -2.56, a quick ratio of 1.24 and a current ratio of 1.35.
Motorola Solutions (NYSE:MSI) last posted its earnings results on Thursday, February 1st. The communications equipment provider reported $2.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.04 by $0.06. The company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Motorola Solutions had a negative net margin of 2.43% and a negative return on equity of 75.81%. Motorola Solutions’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the company posted $2.03 earnings per share. equities research analysts forecast that Motorola Solutions will post 6.3 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 15th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.00%. Motorola Solutions’s payout ratio is currently 40.00%.
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Motorola Solutions Company Profile
Motorola Solutions, Inc, together with its subsidiaries, provides mission-critical communication infrastructure, devices, accessories, software, and services in the United States, the United Kingdom, and internationally. The company operates in two segments, Products and Services. The Products segment offers a portfolio of infrastructure, devices, accessories, and software for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.
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