Credit Suisse Group restated their buy rating on shares of Motorola Solutions (NYSE:MSI) in a research note issued to investors on Tuesday, AnalystRatings.com reports. The firm currently has a $189.00 price target on the communications equipment provider’s stock.
Several other analysts also recently issued reports on MSI. Argus upped their price target on shares of Motorola Solutions from $165.00 to $190.00 and gave the company a buy rating in a report on Wednesday, July 17th. Raymond James upped their price target on shares of Motorola Solutions from $160.00 to $182.00 and gave the company an outperform rating in a report on Friday, August 2nd. JPMorgan Chase & Co. upped their price target on shares of Motorola Solutions from $150.00 to $151.00 and gave the company an underweight rating in a report on Friday, September 6th. Citigroup upped their price target on shares of Motorola Solutions from $170.00 to $190.00 and gave the company a buy rating in a report on Friday, August 2nd. Finally, Northcoast Research downgraded shares of Motorola Solutions from a buy rating to a neutral rating and set a $171.53 price target on the stock. in a report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Motorola Solutions currently has an average rating of Buy and an average target price of $164.93.
MSI traded up $1.24 on Tuesday, hitting $167.38. 14,574 shares of the company were exchanged, compared to its average volume of 1,027,042. The business’s fifty day moving average is $174.00 and its 200 day moving average is $156.94. Motorola Solutions has a fifty-two week low of $108.25 and a fifty-two week high of $182.28. The firm has a market capitalization of $27.59 billion, a P/E ratio of 24.57, a price-to-earnings-growth ratio of 2.92 and a beta of 0.58.
Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, August 1st. The communications equipment provider reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.17. Motorola Solutions had a net margin of 13.47% and a negative return on equity of 105.22%. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the prior year, the business posted $1.46 earnings per share. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, sell-side analysts predict that Motorola Solutions will post 7.35 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 13th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Thursday, September 12th. Motorola Solutions’s payout ratio is 33.38%.
In related news, EVP Kelly S. Mark sold 48,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $171.47, for a total transaction of $8,316,295.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Gregory Q. Brown sold 85,471 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $177.99, for a total transaction of $15,212,983.29. The disclosure for this sale can be found here. Insiders have sold 5,958,449 shares of company stock worth $1,047,392,724 in the last three months. Insiders own 2.99% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Piedmont Investment Advisors Inc. raised its stake in Motorola Solutions by 5.4% during the first quarter. Piedmont Investment Advisors Inc. now owns 3,959 shares of the communications equipment provider’s stock worth $556,000 after purchasing an additional 204 shares during the period. Greenleaf Trust increased its position in shares of Motorola Solutions by 3.7% in the second quarter. Greenleaf Trust now owns 2,720 shares of the communications equipment provider’s stock worth $454,000 after acquiring an additional 98 shares in the last quarter. Fiera Capital Corp acquired a new stake in shares of Motorola Solutions in the second quarter worth $1,112,000. Sumitomo Mitsui Asset Management Company LTD increased its position in shares of Motorola Solutions by 248.2% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 45,043 shares of the communications equipment provider’s stock worth $6,324,000 after acquiring an additional 32,107 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its position in shares of Motorola Solutions by 1.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 89,513 shares of the communications equipment provider’s stock worth $12,569,000 after acquiring an additional 1,100 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading: What causes a yield curve to invert?
Receive News & Ratings for Motorola Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorola Solutions and related companies with MarketBeat.com's FREE daily email newsletter.