Raymond James set a $136.00 price target on Motorola Solutions (NYSE:MSI) in a report issued on Monday. The firm currently has a buy rating on the communications equipment provider’s stock.
MSI has been the topic of several other reports. Citigroup lowered their target price on shares of Motorola Solutions from $146.00 to $145.00 and set a buy rating on the stock in a research note on Friday, November 2nd. Zacks Investment Research upgraded shares of Motorola Solutions from a hold rating to a buy rating and set a $145.00 target price on the stock in a research note on Wednesday, November 14th. Laurentian reiterated a hold rating and issued a $28.50 target price on shares of Motorola Solutions in a research note on Monday, November 26th. BMO Capital Markets increased their price target on shares of Motorola Solutions from $134.00 to $135.00 and gave the stock an outperform rating in a report on Friday, November 2nd. Finally, Argus increased their price target on shares of Motorola Solutions to $140.00 and gave the stock a buy rating in a report on Tuesday, August 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company. Motorola Solutions presently has a consensus rating of Buy and an average target price of $128.68.
Shares of MSI stock opened at $129.76 on Monday. The company has a market cap of $21.27 billion, a P/E ratio of 24.95, a price-to-earnings-growth ratio of 1.98 and a beta of 0.46. Motorola Solutions has a 12 month low of $89.18 and a 12 month high of $133.97.
Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, November 1st. The communications equipment provider reported $1.94 EPS for the quarter, beating the Zacks’ consensus estimate of $1.72 by $0.22. Motorola Solutions had a negative net margin of 0.44% and a negative return on equity of 68.88%. The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the prior year, the company posted $1.53 EPS. Motorola Solutions’s revenue was up 13.2% compared to the same quarter last year. As a group, research analysts predict that Motorola Solutions will post 6.69 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Friday, December 14th will be issued a dividend of $0.57 per share. The ex-dividend date is Thursday, December 13th. This represents a $2.28 annualized dividend and a dividend yield of 1.76%. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.52. Motorola Solutions’s dividend payout ratio (DPR) is currently 40.00%.
In other Motorola Solutions news, Chairman Gregory Q. Brown sold 65,873 shares of the firm’s stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $125.94, for a total value of $8,296,045.62. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Gino A. Bonanotte sold 124,161 shares of the firm’s 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 completion of the sale, the chief financial officer now directly owns 59,025 shares in the company, valued at approximately $7,525,687.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 849,902 shares of company stock worth $107,111,734. 2.20% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of the company. Global Financial Private Capital LLC lifted its position in shares of Motorola Solutions by 12.1% in the 2nd quarter. Global Financial Private Capital LLC now owns 4,154 shares of the communications equipment provider’s stock worth $483,000 after purchasing an additional 450 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Motorola Solutions by 1.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 39,257 shares of the communications equipment provider’s stock worth $4,568,000 after purchasing an additional 474 shares during the period. MUFG Americas Holdings Corp lifted its position in shares of Motorola Solutions by 14.4% in the 3rd quarter. MUFG Americas Holdings Corp now owns 3,893 shares of the communications equipment provider’s stock worth $507,000 after purchasing an additional 489 shares during the period. US Bancorp DE lifted its position in shares of Motorola Solutions by 2.2% in the 2nd quarter. US Bancorp DE now owns 23,462 shares of the communications equipment provider’s stock worth $2,730,000 after purchasing an additional 497 shares during the period. Finally, E&G Advisors LP lifted its position in Motorola Solutions by 15.6% during the 3rd quarter. E&G Advisors LP now owns 3,700 shares of the communications equipment provider’s stock valued at $482,000 after acquiring an additional 500 shares during the period. 85.77% of the stock is owned by hedge funds and other institutional investors.
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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