Motorola Solutions, Inc. (NYSE:MSI) had its price objective increased by Jefferies Group LLC from $105.00 to $110.00 in a report issued on Friday. The brokerage currently has a buy rating on the communications equipment provider’s stock.
A number of other equities research analysts also recently commented on MSI. Zacks Investment Research downgraded Motorola Solutions from a buy rating to a hold rating in a report on Monday, August 28th. Cleveland Research upgraded Motorola Solutions from a neutral rating to a buy rating in a report on Friday, October 6th. Finally, Credit Suisse Group set a $95.00 price objective on Motorola Solutions and gave the company a buy rating in a report on Thursday, July 27th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $94.83.
Shares of Motorola Solutions (NYSE:MSI) traded up $3.69 on Friday, hitting $94.25. The stock had a trading volume of 1,576,908 shares, compared to its average volume of 779,501. The company has a quick ratio of 1.17, a current ratio of 1.33 and a debt-to-equity ratio of -4.53. Motorola Solutions has a twelve month low of $72.54 and a twelve month high of $94.94. The firm has a market capitalization of $15,330.14, a price-to-earnings ratio of 18.34, a PEG ratio of 3.61 and a beta of 0.33.
Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, November 2nd. The communications equipment provider reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.13. Motorola Solutions had a negative return on equity of 88.13% and a net margin of 10.51%. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the prior year, the firm posted $1.37 earnings per share. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. equities analysts predict that Motorola Solutions will post 5.02 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 15th will be issued a $0.52 dividend. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.47. This represents a $2.08 annualized dividend and a dividend yield of 2.21%. The ex-dividend date is Thursday, December 14th. Motorola Solutions’s dividend payout ratio is 48.08%.
In other Motorola Solutions news, EVP Bruce W. Brda sold 25,299 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 23,829 shares in the company, valued at $2,123,402.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Eduardo F. Conrado sold 6,998 shares of the stock in a transaction dated 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 sale, the executive vice president now owns 22,858 shares of the company’s stock, valued at $2,037,333.54. The disclosure for this sale can be found here. 2.50% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the business. Sun Life Financial INC increased its holdings in shares of Motorola Solutions by 14,800.0% in the second quarter. Sun Life Financial INC now owns 1,192 shares of the communications equipment provider’s stock worth $103,000 after acquiring an additional 1,184 shares in the last quarter. Acrospire Investment Management LLC increased its holdings in shares of Motorola Solutions by 33.3% in the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the communications equipment provider’s stock worth $104,000 after acquiring an additional 300 shares in the last quarter. Exane Derivatives increased its holdings in shares of Motorola Solutions by 163.6% in the second quarter. Exane Derivatives now owns 1,613 shares of the communications equipment provider’s stock worth $140,000 after acquiring an additional 1,001 shares in the last quarter. Smithfield Trust Co. increased its holdings in shares of Motorola Solutions by 2.7% in the second quarter. Smithfield Trust Co. now owns 2,003 shares of the communications equipment provider’s stock worth $173,000 after acquiring an additional 53 shares in the last quarter. Finally, Williams Jones & Associates LLC bought a new stake in shares of Motorola Solutions in the second quarter worth about $201,000. Institutional investors own 88.04% 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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