Shares of Motorola Solutions Inc (NYSE:MSI) have received an average rating of “Buy” from the fifteen ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $131.04.
A number of research firms have recently weighed in on MSI. Zacks Investment Research raised shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a research report on Wednesday, February 13th. ValuEngine raised shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Friday, February 8th. Raymond James set a $139.00 target price on shares of Motorola Solutions and gave the company a “buy” rating in a research report on Friday, February 8th. Finally, TheStreet raised shares of Motorola Solutions from a “c+” rating to a “b-” rating in a research report on Tuesday, February 26th.
NYSE:MSI traded down $2.00 on Friday, hitting $138.64. The stock had a trading volume of 722,841 shares, compared to its average volume of 896,103. The firm has a market cap of $23.05 billion, a price-to-earnings ratio of 20.30, a price-to-earnings-growth ratio of 2.39 and a beta of 0.60. Motorola Solutions has a 1 year low of $103.18 and a 1 year high of $144.94.
Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, February 7th. The communications equipment provider reported $2.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.41 by $0.22. The firm had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.22 billion. Motorola Solutions had a net margin of 13.17% and a negative return on equity of 82.33%. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter last year, the business posted $2.10 EPS. Analysts expect that Motorola Solutions will post 7.36 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 15th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Thursday, March 14th. Motorola Solutions’s dividend payout ratio is currently 33.38%.
In related news, EVP John P. Molloy sold 79,995 shares of the firm’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $139.42, for a total value of $11,152,902.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kelly S. Mark sold 13,600 shares of the firm’s stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $142.71, for a total transaction of $1,940,856.00. The disclosure for this sale can be found here. 2.20% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in MSI. Exane Asset Management bought a new position in Motorola Solutions in the 4th quarter worth approximately $35,000. Oregon Public Employees Retirement Fund boosted its holdings in Motorola Solutions by 10,544.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,378,307 shares of the communications equipment provider’s stock worth $38,000 after buying an additional 4,337,175 shares during the period. Sontag Advisory LLC bought a new position in Motorola Solutions in the 4th quarter worth approximately $38,000. Global Retirement Partners LLC boosted its holdings in Motorola Solutions by 296.7% in the 4th quarter. Global Retirement Partners LLC now owns 357 shares of the communications equipment provider’s stock worth $41,000 after buying an additional 267 shares during the period. Finally, Parkside Financial Bank & Trust boosted its holdings in Motorola Solutions by 36.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 365 shares of the communications equipment provider’s stock worth $42,000 after buying an additional 98 shares during the period. 85.98% of the stock is owned by institutional investors.
Motorola Solutions Company Profile
Motorola Solutions, Inc provides mission-critical communication solutions the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Services and Software. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video solutions, as well as the implementation, optimization, and integration of networks, devices, software, and applications for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.
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