Motorola Solutions Inc (NYSE:MSI) has been given an average recommendation of “Buy” by the sixteen research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $128.68.
MSI has been the subject of several research analyst reports. Zacks Investment Research lowered Motorola Solutions from a “buy” rating to a “hold” rating in a report on Monday, October 8th. Citigroup lifted their price objective on Motorola Solutions from $130.00 to $146.00 and gave the stock a “buy” rating in a report on Tuesday, September 25th. Credit Suisse Group set a $137.00 price objective on Motorola Solutions and gave the stock a “hold” rating in a report on Friday, September 21st. Jefferies Financial Group lifted their price objective on Motorola Solutions from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, August 28th. Finally, Gabelli lowered Motorola Solutions from a “buy” rating to a “hold” rating in a report on Monday, November 5th. They noted that the move was a valuation call.
In related news, CFO Gino A. Bonanotte sold 124,161 shares of Motorola Solutions stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $127.50, for a total transaction of $15,830,527.50. Following the transaction, the chief financial officer now directly owns 59,025 shares in the company, valued at $7,525,687.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Daniel G. Pekofske sold 3,132 shares of Motorola Solutions stock in a transaction on Monday, November 5th. The shares were sold at an average price of $123.12, for a total value of $385,611.84. The disclosure for this sale can be found here. Insiders have sold 952,530 shares of company stock worth $120,146,516 over the last quarter. 2.20% of the stock is owned by company insiders.
Several institutional investors have recently made changes to their positions in MSI. BlackRock Inc. lifted its position in shares of Motorola Solutions by 13.1% in the second quarter. BlackRock Inc. now owns 17,760,318 shares of the communications equipment provider’s stock valued at $2,066,771,000 after acquiring an additional 2,060,565 shares in the last quarter. Voya Investment Management LLC lifted its position in shares of Motorola Solutions by 171.3% in the second quarter. Voya Investment Management LLC now owns 2,509,657 shares of the communications equipment provider’s stock valued at $292,049,000 after acquiring an additional 1,584,672 shares in the last quarter. OppenheimerFunds Inc. lifted its position in shares of Motorola Solutions by 16.4% in the second quarter. OppenheimerFunds Inc. now owns 4,231,955 shares of the communications equipment provider’s stock valued at $492,472,000 after acquiring an additional 596,941 shares in the last quarter. TIAA CREF Investment Management LLC lifted its position in shares of Motorola Solutions by 19.6% in the third quarter. TIAA CREF Investment Management LLC now owns 2,283,035 shares of the communications equipment provider’s stock valued at $297,114,000 after acquiring an additional 374,328 shares in the last quarter. Finally, Ceredex Value Advisors LLC lifted its position in shares of Motorola Solutions by 48.2% in the third quarter. Ceredex Value Advisors LLC now owns 992,562 shares of the communications equipment provider’s stock valued at $129,672,000 after acquiring an additional 322,712 shares in the last quarter. Institutional investors and hedge funds own 85.77% of the company’s stock.
Shares of MSI traded down $0.32 during trading hours on Thursday, hitting $129.76. The stock had a trading volume of 1,246,500 shares, compared to its average volume of 1,098,622. Motorola Solutions has a 12 month low of $89.18 and a 12 month high of $133.97. The firm has a market capitalization of $21.27 billion, a P/E ratio of 24.95, a PEG ratio of 1.99 and a beta of 0.46.
Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, November 1st. The communications equipment provider reported $1.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.72 by $0.22. Motorola Solutions had a negative return on equity of 68.88% and a negative net margin of 0.44%. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the company posted $1.53 earnings per share. Motorola Solutions’s revenue was up 13.2% compared to the same quarter last year. On average, research analysts anticipate that Motorola Solutions will post 6.67 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Friday, December 14th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Thursday, December 13th. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.52. This represents a $2.28 annualized dividend and a yield of 1.76%. Motorola Solutions’s payout ratio is 40.00%.
About Motorola Solutions
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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