MKM Partners Cuts Motorola Solutions (NYSE:MSI) Price Target to $167.00

Motorola Solutions (NYSE:MSI) had its price objective cut by MKM Partners from $170.00 to $167.00 in a report issued on Thursday, BenzingaRatingsTable reports. They currently have a neutral rating on the communications equipment provider’s stock.

A number of other equities research analysts also recently weighed in on MSI. Barclays began coverage on Motorola Solutions in a research note on Wednesday, August 7th. They set an overweight rating and a $195.00 price target for the company. Gabelli raised Motorola Solutions from a hold rating to a buy rating in a research note on Friday, November 1st. Credit Suisse Group reissued a buy rating and issued a $189.00 price target on shares of Motorola Solutions in a research note on Tuesday, September 10th. ValuEngine downgraded Motorola Solutions from a buy rating to a hold rating in a report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Motorola Solutions from $150.00 to $151.00 and gave the company an underweight rating in a research report on Friday, September 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $180.96.

Shares of NYSE MSI traded up $0.27 during mid-day trading on Thursday, reaching $160.71. The company had a trading volume of 1,475,625 shares, compared to its average volume of 1,051,911. Motorola Solutions has a twelve month low of $108.25 and a twelve month high of $182.28. The stock has a market capitalization of $28.29 billion, a PE ratio of 23.53, a price-to-earnings-growth ratio of 2.71 and a beta of 0.57. The stock’s 50 day moving average is $165.53 and its 200-day moving average is $167.15.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Wednesday, October 30th. The communications equipment provider reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.09. Motorola Solutions had a negative return on equity of 114.01% and a net margin of 13.50%. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter last year, the firm earned $1.94 earnings per share. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. Sell-side analysts forecast that Motorola Solutions will post 7.26 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be given a $0.64 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 1.59%. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.57. Motorola Solutions’s payout ratio is currently 33.38%.

In other news, Director Lake (Offshore) Aiv Gp Silver sold 5,471,271 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $175.75, for a total transaction of $961,575,878.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.99% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Tuttle Tactical Management acquired a new position in Motorola Solutions in the 3rd quarter valued at $451,000. Cornerstone Advisors Inc. grew its position in shares of Motorola Solutions by 15.8% in the third quarter. Cornerstone Advisors Inc. now owns 557 shares of the communications equipment provider’s stock valued at $95,000 after purchasing an additional 76 shares during the last quarter. Alberta Investment Management Corp grew its position in shares of Motorola Solutions by 18.0% in the third quarter. Alberta Investment Management Corp now owns 375,300 shares of the communications equipment provider’s stock valued at $63,955,000 after purchasing an additional 57,300 shares during the last quarter. Fiera Capital Corp bought a new position in shares of Motorola Solutions in the second quarter worth about $1,112,000. Finally, BlackRock Inc. increased its stake in shares of Motorola Solutions by 2.8% in the second quarter. BlackRock Inc. now owns 18,559,331 shares of the communications equipment provider’s stock worth $3,094,399,000 after purchasing an additional 502,772 shares during the period. 86.87% of the stock is currently 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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