Jefferies Group LLC reiterated their buy rating on shares of Motorola Solutions, Inc. (NYSE:MSI) in a research report sent to investors on Thursday, August 31st.
MSI has been the topic of a number of other reports. Gabelli upgraded Motorola Solutions from a hold rating to a buy rating in a report on Monday, May 8th. Zacks Investment Research cut Motorola Solutions from a buy rating to a hold rating in a report on Tuesday, June 6th. UBS AG upgraded Motorola Solutions from a market perform rating to an outperform rating in a report on Monday, May 22nd. Raymond James Financial, Inc. raised Motorola Solutions from a market perform rating to an outperform rating and raised 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 raised their target price on Motorola Solutions from $70.00 to $73.00 and gave the stock a hold rating in a research report on Monday, May 8th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $94.08.
Shares of Motorola Solutions (NYSE:MSI) opened at 85.48 on Thursday. The company’s 50 day moving average price is $87.73 and its 200-day moving average price is $85.72. The firm has a market capitalization of $13.90 billion, a P/E ratio of 22.54 and a beta of 0.33. Motorola Solutions has a 12 month low of $71.24 and a 12 month high of $93.75.
Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.07. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Motorola Solutions had a negative return on equity of 93.44% and a net margin of 10.38%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.03 EPS. On average, equities analysts predict that Motorola Solutions will post $5.29 earnings per share for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.47 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.88 annualized dividend and a yield of 2.20%. Motorola Solutions’s dividend payout ratio (DPR) is currently 49.60%.
In other news, EVP Bruce W. Brda sold 25,299 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $89.11, for a total value of $2,254,393.89. Following the transaction, the executive vice president now directly owns 23,829 shares of the company’s stock, valued at approximately $2,123,402.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Eduardo F. Conrado sold 6,998 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $89.13, for a total value of $623,731.74. Following the completion of the transaction, the executive vice president now directly owns 22,858 shares in the company, valued at $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 made changes to their positions in the company. Toronto Dominion Bank boosted its holdings in shares of Motorola Solutions by 25.1% in the 2nd quarter. Toronto Dominion Bank now owns 55,393 shares of the communications equipment provider’s stock worth $4,804,000 after acquiring an additional 11,104 shares in the last quarter. WINTON GROUP Ltd boosted its holdings in shares of Motorola Solutions by 51.9% in the 2nd quarter. WINTON GROUP Ltd now owns 164,129 shares of the communications equipment provider’s stock worth $14,237,000 after acquiring an additional 56,105 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Motorola Solutions by 9.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 73,143 shares of the communications equipment provider’s stock worth $6,344,000 after acquiring an additional 6,153 shares in the last quarter. Colony Group LLC acquired a new position in shares of Motorola Solutions in the 2nd quarter worth approximately $1,940,000. Finally, Koch Industries Inc. acquired a new position in shares of Motorola Solutions in the 2nd quarter worth approximately $584,000. 87.70% of the stock is currently owned by institutional investors and hedge funds.
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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