Zacks Investment Research lowered shares of Motorola Solutions, Inc. (NYSE:MSI) from a buy rating to a hold rating in a report published on Tuesday, September 5th.
According to Zacks, “Shares of Motorola Solutions have outperformed its industry on a year-to-date basis. The company has an impressive track record with respect to earnings having surpassed estimates in each of the preceding four quarters. We expect the company to deliver impressive bottom-line performances in the coming quarters as well, driven by its strong product portfolio. In keeping with its growth-by-acquisition strategy, the company recently completed the acquisition of Kodiak Networks. The buyout has strengthened its software product portfolio. However, though positive on Motorola’s growth by acquisition strategy, we note that costs associated with the mergers are limiting bottom-line growth. Moreover, currency related headwinds might hurt the stock going forward. The company’s high debt levels also remain a concern.”
MSI has been the subject of a number of other research reports. Gabelli raised shares of Motorola Solutions from a hold rating to a buy rating in a research report on Monday, May 8th. UBS AG raised shares of Motorola Solutions from a market perform rating to an outperform rating in a research report on Monday, May 22nd. Jefferies Group LLC reaffirmed a buy rating and issued a $105.00 target price on shares of Motorola Solutions in a research report on Tuesday, August 22nd. Raymond James Financial, Inc. raised shares of Motorola Solutions from a market perform rating to an outperform rating and lifted their target price for the stock from $62.76 to $95.00 in a research report on Monday, May 22nd. They noted that the move was a valuation call. Finally, Deutsche Bank AG lifted their target price on shares of Motorola Solutions from $70.00 to $73.00 and gave the stock a hold rating in a research report on Monday, May 8th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $94.08.
Shares of Motorola Solutions (MSI) opened at 85.48 on Tuesday. The stock’s 50 day moving average price is $87.73 and its 200-day moving average price is $85.72. Motorola Solutions has a 52-week low of $71.24 and a 52-week high of $93.75. The company has a market capitalization of $13.90 billion, a PE ratio of 22.54 and a beta of 0.33.
Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.07. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.46 billion. Motorola Solutions had a net margin of 10.38% and a negative return on equity of 93.44%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.03 earnings per share. On average, analysts expect that Motorola Solutions will post $5.29 earnings per share for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 15th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Thursday, September 14th. Motorola Solutions’s payout ratio is 49.60%.
In related news, EVP Bruce W. Brda sold 25,299 shares of Motorola Solutions stock in a transaction on Monday, August 7th. The shares were sold at an average price of $89.11, for a total transaction of $2,254,393.89. Following the transaction, the executive vice president now owns 23,829 shares in the company, valued at approximately $2,123,402.19. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Eduardo F. Conrado sold 6,998 shares of Motorola Solutions stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $89.13, for a total transaction of $623,731.74. Following the transaction, the executive vice president now owns 22,858 shares in the company, valued at approximately $2,037,333.54. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in MSI. Lazard Asset Management LLC lifted its stake in shares of Motorola Solutions by 54.6% during the 1st quarter. Lazard Asset Management LLC now owns 8,988,989 shares of the communications equipment provider’s stock valued at $775,030,000 after buying an additional 3,174,388 shares in the last quarter. Voya Investment Management LLC lifted its stake in shares of Motorola Solutions by 249.4% during the 2nd quarter. Voya Investment Management LLC now owns 1,338,597 shares of the communications equipment provider’s stock valued at $116,110,000 after buying an additional 955,463 shares in the last quarter. Westwood Holdings Group Inc. purchased a new position in shares of Motorola Solutions during the 2nd quarter valued at $70,570,000. Renaissance Technologies LLC lifted its stake in shares of Motorola Solutions by 51.5% during the 1st quarter. Renaissance Technologies LLC now owns 1,797,415 shares of the communications equipment provider’s stock valued at $154,973,000 after buying an additional 610,650 shares in the last quarter. Finally, Koch Industries Inc. purchased a new position in shares of Motorola Solutions during the 2nd quarter valued at $584,000. Institutional investors own 87.70% of the company’s stock.
Motorola Solutions Company Profile
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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