Northcoast Research set a $115.00 target price on Motorola Solutions (NYSE:MSI) in a report published on Wednesday morning. The firm currently has a buy rating on the communications equipment provider’s stock.
Several other equities analysts also recently weighed in on MSI. Jefferies Group raised their price target on Motorola Solutions from $105.00 to $110.00 and gave the company a buy rating in a report on Friday, November 3rd. Zacks Investment Research upgraded Motorola Solutions from a hold rating to a buy rating and set a $103.00 price objective for the company in a report on Thursday, November 9th. ValuEngine downgraded Motorola Solutions from a buy rating to a hold rating in a report on Wednesday, November 15th. Deutsche Bank upgraded Motorola Solutions from a hold rating to a buy rating and set a $78.00 price objective for the company in a report on Friday, January 12th. Finally, Citigroup lifted their price objective on Motorola Solutions from $104.00 to $112.00 and gave the stock a buy rating in a report on Wednesday, January 24th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $106.91.
Motorola Solutions (MSI) opened at $106.73 on Wednesday. Motorola Solutions has a twelve month low of $78.42 and a twelve month high of $107.78. The company has a current ratio of 1.35, a quick ratio of 1.24 and a debt-to-equity ratio of -2.56. The firm has a market capitalization of $16,893.74, a price-to-earnings ratio of -98.82, a PEG ratio of 2.07 and a beta of 0.40.
Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, February 1st. The communications equipment provider reported $2.10 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.06. Motorola Solutions had a negative return on equity of 75.81% and a negative net margin of 2.43%. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the company earned $2.03 earnings per share. The company’s revenue was up 3.9% on a year-over-year basis. sell-side analysts anticipate that Motorola Solutions will post 6.31 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.95%. Motorola Solutions’s dividend payout ratio is currently -192.59%.
In other Motorola Solutions news, EVP Mark S. Hacker sold 19,700 shares of the business’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $93.00, for a total transaction of $1,832,100.00. Following the completion of the sale, the executive vice president now directly owns 28,685 shares in the company, valued at approximately $2,667,705. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Motorola Solutions, Inc. sold 949,779 shares of the business’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $15.00, for a total value of $14,246,685.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,148,297 shares of company stock valued at $33,341,147. Corporate insiders own 2.50% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. grew its stake in shares of Motorola Solutions by 4.0% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 13,450 shares of the communications equipment provider’s stock valued at $1,215,000 after purchasing an additional 517 shares during the period. Xact Kapitalforvaltning AB grew its stake in shares of Motorola Solutions by 15.6% during the 4th quarter. Xact Kapitalforvaltning AB now owns 14,977 shares of the communications equipment provider’s stock valued at $1,353,000 after purchasing an additional 2,017 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Motorola Solutions by 7.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 55,701 shares of the communications equipment provider’s stock valued at $5,031,000 after purchasing an additional 3,882 shares during the period. We Are One Seven LLC bought a new stake in shares of Motorola Solutions during the 4th quarter valued at about $550,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. grew its stake in shares of Motorola Solutions by 9.4% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 9,300 shares of the communications equipment provider’s stock valued at $840,000 after purchasing an additional 800 shares during the period. Institutional investors and hedge funds own 86.45% of the company’s stock.
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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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