BMO Capital Markets reissued their buy rating on shares of Motorola Solutions Inc (NYSE:MSI) in a research note released on Tuesday morning. The firm currently has a $95.00 price objective on the stock.
Several other analysts also recently weighed in on MSI. MKM Partners reiterated a neutral rating and issued a $75.00 price objective on shares of Motorola Solutions in a research report on Wednesday, January 25th. Jefferies Group LLC lifted their price objective on shares of Motorola Solutions from $68.00 to $75.00 and gave the company a hold rating in a research report on Friday, February 3rd. Gabelli upgraded shares of Motorola Solutions from a hold rating to a buy rating and set a $96.00 price objective on the stock in a research report on Monday, February 6th. Credit Suisse Group AG reiterated a buy rating on shares of Motorola Solutions in a research report on Sunday, February 5th. Finally, Zacks Investment Research upgraded shares of Motorola Solutions from a hold rating to a buy rating and set a $92.00 price objective on the stock in a research report on Wednesday, February 8th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Motorola Solutions currently has a consensus rating of Buy and an average target price of $85.18.
Shares of Motorola Solutions (NYSE:MSI) opened at 83.67 on Tuesday. The stock has a 50 day moving average of $80.87 and a 200 day moving average of $79.41. The firm has a market capitalization of $13.78 billion, a price-to-earnings ratio of 25.82 and a beta of 0.45. Motorola Solutions has a 52-week low of $62.76 and a 52-week high of $87.55.
Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, February 2nd. The company reported $2.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.85 by $0.18. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.84 billion. Motorola Solutions had a net margin of 9.26% and a negative return on equity of 134.65%. Motorola Solutions’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period last year, the firm posted $1.58 EPS. On average, analysts predict that Motorola Solutions will post $5.18 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Wednesday, March 15th will be given a dividend of $0.47 per share. The ex-dividend date is Monday, March 13th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.25%. Motorola Solutions’s dividend payout ratio (DPR) is 57.49%.
Several hedge funds have recently added to or reduced their stakes in the company. Lazard Asset Management LLC increased its stake in Motorola Solutions by 4,729.6% in the third quarter. Lazard Asset Management LLC now owns 5,215,125 shares of the company’s stock worth $397,809,000 after buying an additional 5,107,143 shares during the period. Norges Bank bought a new stake in Motorola Solutions during the fourth quarter worth approximately $153,799,000. FMR LLC increased its stake in Motorola Solutions by 619.0% in the fourth quarter. FMR LLC now owns 1,033,052 shares of the company’s stock worth $85,630,000 after buying an additional 889,377 shares during the period. State Street Corp increased its stake in Motorola Solutions by 11.2% in the fourth quarter. State Street Corp now owns 7,484,186 shares of the company’s stock worth $620,366,000 after buying an additional 755,730 shares during the period. Finally, Parnassus Investments CA increased its stake in Motorola Solutions by 10.5% in the third quarter. Parnassus Investments CA now owns 6,729,538 shares of the company’s stock worth $513,329,000 after buying an additional 638,423 shares during the period. Institutional investors own 84.59% of the company’s stock.
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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