Shares of Motorola Solutions Inc. (NYSE:MSI) have been assigned a consensus recommendation of “Hold” from the seventeen analysts that are covering the stock. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $74.54.
A number of equities analysts have recently weighed in on MSI shares. Jefferies Group reiterated a “hold” rating on shares of Motorola Solutions in a report on Friday, September 2nd. BMO Capital Markets reiterated a “market perform” rating and issued a $72.00 target price on shares of Motorola Solutions in a report on Thursday, August 18th. Credit Suisse Group AG reiterated a “buy” rating and issued a $80.00 target price on shares of Motorola Solutions in a report on Friday, August 5th. Goldman Sachs Group Inc. upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $81.00 target price on the stock in a report on Thursday, June 30th. Finally, Zacks Investment Research upgraded Motorola Solutions from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a report on Wednesday, August 10th.
In other news, Chairman Gregory Q. Brown sold 117,000 shares of the stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $77.11, for a total value of $9,021,870.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark S. Hacker sold 4,620 shares of the stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $76.94, for a total value of $355,462.80. Following the completion of the sale, the executive vice president now directly owns 15,741 shares of the company’s stock, valued at $1,211,112.54. The disclosure for this sale can be found here. 2.55% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the stock. BlueMountain Capital Management LLC acquired a new stake in Motorola Solutions during the first quarter valued at $100,000. Partners Capital Investment Group LLC boosted its stake in Motorola Solutions by 12.0% in the second quarter. Partners Capital Investment Group LLC now owns 2,020 shares of the company’s stock valued at $133,000 after buying an additional 217 shares in the last quarter. Global X Management Co. LLC boosted its stake in Motorola Solutions by 141.2% in the second quarter. Global X Management Co. LLC now owns 2,089 shares of the company’s stock valued at $138,000 after buying an additional 1,223 shares in the last quarter. Mizuho Asset Management Co. Ltd. boosted its stake in Motorola Solutions by 28.4% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,166 shares of the company’s stock valued at $143,000 after buying an additional 479 shares in the last quarter. Finally, Evercore Wealth Management LLC boosted its stake in Motorola Solutions by 53.0% in the second quarter. Evercore Wealth Management LLC now owns 2,223 shares of the company’s stock valued at $147,000 after buying an additional 770 shares in the last quarter. 85.38% of the stock is owned by institutional investors.
Motorola Solutions (NYSE:MSI) traded down 0.41% during midday trading on Tuesday, reaching $74.94. 313,253 shares of the company were exchanged. The stock has a market capitalization of $12.49 billion, a price-to-earnings ratio of 26.43 and a beta of 0.48. Motorola Solutions has a 52-week low of $59.13 and a 52-week high of $78.99. The firm’s 50-day moving average price is $76.52 and its 200 day moving average price is $72.21.
Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, August 4th. The company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.17. Motorola Solutions had a net margin of 9.04% and a negative return on equity of 223.77%. The company earned $1.40 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period in the prior year, the firm earned $0.68 earnings per share. The business’s quarterly revenue was up 4.5% on a year-over-year basis. Equities analysts predict that Motorola Solutions will post $4.60 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Thursday, September 15th will be given a $0.41 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $1.64 annualized dividend and a dividend yield of 2.18%. Motorola Solutions’s dividend payout ratio is 57.54%.
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. Its Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines, including Devices and Systems.
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