Shares of Motorola Solutions, Inc. (NYSE:MSI) have earned an average recommendation of “Buy” from the sixteen brokerages that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $93.91.
A number of research analysts have weighed in on MSI shares. Zacks Investment Research upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a research report on Tuesday, August 29th. BMO Capital Markets upped their price objective on shares of Motorola Solutions from $95.00 to $102.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. BidaskClub upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. ValuEngine downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Finally, Jefferies Group LLC reiterated a “buy” rating on shares of Motorola Solutions in a research report on Thursday, August 31st.
Shares of Motorola Solutions (NYSE:MSI) traded up 4.00% during trading on Friday, reaching $89.44. The company had a trading volume of 2,118,229 shares. The company’s 50 day moving average is $86.03 and its 200-day moving average is $86.08. Motorola Solutions has a 1-year low of $71.24 and a 1-year high of $93.75. The stock has a market capitalization of $14.55 billion, a price-to-earnings ratio of 23.59 and a beta of 0.31.
Motorola Solutions (NYSE:MSI) last posted its earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.07. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.46 billion. Motorola Solutions had a net margin of 10.38% and a negative return on equity of 93.44%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.03 earnings per share. On average, equities research analysts anticipate that Motorola Solutions will post $5.29 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 15th will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.88 annualized dividend and a yield of 2.10%. Motorola Solutions’s dividend payout ratio is presently 49.60%.
In other news, EVP Bruce W. Brda sold 25,299 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were 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 owns 23,829 shares of the company’s stock, valued at approximately $2,123,402.19. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Eduardo F. Conrado sold 6,998 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $89.13, for a total transaction of $623,731.74. Following the completion of the sale, the executive vice president now directly owns 22,858 shares of the company’s stock, valued at approximately $2,037,333.54. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Sun Life Financial INC grew its stake in shares of Motorola Solutions by 14,800.0% in the 2nd quarter. Sun Life Financial INC now owns 1,192 shares of the communications equipment provider’s stock valued at $103,000 after buying an additional 1,184 shares during the period. Acrospire Investment Management LLC grew its stake in shares of Motorola Solutions by 33.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,200 shares of the communications equipment provider’s stock valued at $104,000 after buying an additional 300 shares during the period. Exane Derivatives grew its stake in shares of Motorola Solutions by 163.6% in the 2nd quarter. Exane Derivatives now owns 1,613 shares of the communications equipment provider’s stock valued at $140,000 after buying an additional 1,001 shares during the period. Smithfield Trust Co. grew its stake in shares of Motorola Solutions by 2.7% in the 2nd quarter. Smithfield Trust Co. now owns 2,003 shares of the communications equipment provider’s stock valued at $173,000 after buying an additional 53 shares during the period. Finally, Williams Jones & Associates LLC purchased a new stake in shares of Motorola Solutions in the 2nd quarter valued at approximately $201,000. 87.68% of the stock is owned by institutional investors and hedge funds.
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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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