Shares of Motorola Solutions Inc (NYSE:MSI) have received an average rating of “Buy” from the sixteen research firms that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $95.00.
MSI has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. Cleveland Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating in a report on Friday, October 6th. ValuEngine downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Finally, Jefferies Group restated a “buy” rating on shares of Motorola Solutions in a report on Thursday, August 31st.
In other Motorola Solutions news, EVP Bruce W. Brda sold 5,916 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $92.41, for a total value of $546,697.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Gregory Q. Brown sold 75,019 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $90.91, for a total transaction of $6,819,977.29. Following the completion of the transaction, the chief executive officer now owns 183,312 shares in the company, valued at $16,664,893.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 359,286 shares of company stock worth $33,178,275. Corporate insiders own 2.50% of the company’s stock.
Motorola Solutions (MSI) traded down $1.18 during midday trading on Thursday, hitting $92.10. 1,041,700 shares of the stock were exchanged, compared to its average volume of 1,077,917. The company has a quick ratio of 1.16, a current ratio of 1.30 and a debt-to-equity ratio of -5.41. Motorola Solutions has a 12 month low of $76.92 and a 12 month high of $95.30. The firm has a market capitalization of $14,840.00, a P/E ratio of 18.15, a PEG ratio of 4.16 and a beta of 0.35.
Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, November 2nd. The communications equipment provider reported $1.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.13. Motorola Solutions had a net margin of 10.51% and a negative return on equity of 92.09%. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period last year, the company earned $1.37 earnings per share. The firm’s revenue was up 7.4% compared to the same quarter last year. sell-side analysts predict that Motorola Solutions will post 5.13 earnings per share for the current fiscal year.
The business also recently disclosed 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 2.26%. The ex-dividend date is Thursday, December 14th. Motorola Solutions’s payout ratio is currently 53.20%.
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About Motorola Solutions
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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