Motorola Solutions (MSI) Sees Unusually-High Trading Volume on Analyst Upgrade

Motorola Solutions Inc (NYSE:MSI) saw an uptick in trading volume on Monday after ValuEngine upgraded the stock from a hold rating to a buy rating. 985,486 shares were traded during mid-day trading, a decline of 14% from the previous session’s volume of 1,141,447 shares.The stock last traded at $134.70 and had previously closed at $135.37.

A number of other brokerages have also recently weighed in on MSI. Raymond James set a $136.00 price target on shares of Motorola Solutions and gave the company a “buy” rating in a research report on Monday, December 3rd. Gabelli cut shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Monday, November 5th. They noted that the move was a valuation call. Credit Suisse Group restated a “buy” rating and issued a $134.00 price objective on shares of Motorola Solutions in a report on Wednesday, January 16th. Zacks Investment Research upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company in a report on Wednesday, December 5th. Finally, BMO Capital Markets lifted their price objective on shares of Motorola Solutions from $134.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, November 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company. Motorola Solutions currently has a consensus rating of “Buy” and a consensus target price of $129.88.

In other Motorola Solutions news, SVP Rajan Naik sold 14,606 shares of the business’s stock in a transaction on Monday, November 26th. The shares were sold at an average price of $127.00, for a total value of $1,854,962.00. Following the transaction, the senior vice president now directly owns 10,544 shares of the company’s stock, valued at approximately $1,339,088. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.20% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in MSI. Ropes Wealth Advisors LLC grew its stake in shares of Motorola Solutions by 4.0% during the 4th quarter. Ropes Wealth Advisors LLC now owns 5,447 shares of the communications equipment provider’s stock worth $627,000 after purchasing an additional 212 shares during the period. Ffcm LLC acquired a new position in shares of Motorola Solutions during the 4th quarter worth $157,000. Massachusetts Financial Services Co. MA grew its stake in shares of Motorola Solutions by 16.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 566,146 shares of the communications equipment provider’s stock worth $65,129,000 after purchasing an additional 78,552 shares during the period. BlackRock Inc. grew its stake in shares of Motorola Solutions by 0.5% during the 4th quarter. BlackRock Inc. now owns 18,635,987 shares of the communications equipment provider’s stock worth $2,143,884,000 after purchasing an additional 95,399 shares during the period. Finally, Utah Retirement Systems grew its stake in shares of Motorola Solutions by 0.3% during the 4th quarter. Utah Retirement Systems now owns 30,269 shares of the communications equipment provider’s stock worth $3,482,000 after purchasing an additional 100 shares during the period. 88.29% of the stock is currently owned by institutional investors.

The company has a market capitalization of $22.13 billion, a price-to-earnings ratio of 19.72, a price-to-earnings-growth ratio of 1.89 and a beta of 0.53.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, February 7th. The communications equipment provider reported $2.63 EPS for the quarter, beating the Zacks’ consensus estimate of $2.41 by $0.22. The firm had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.22 billion. Motorola Solutions had a net margin of 13.17% and a negative return on equity of 82.33%. The firm’s revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the company earned $2.10 EPS. On average, sell-side analysts forecast that Motorola Solutions Inc will post 7.29 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Friday, December 14th were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.69%. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Thursday, December 13th. Motorola Solutions’s dividend payout ratio is 33.38%.

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Motorola Solutions Company Profile (NYSE:MSI)

Motorola Solutions, Inc, together with its subsidiaries, provides mission-critical communication infrastructure, devices, accessories, software, and services in the United States, the United Kingdom, and internationally. The company operates in two segments, Products and Services. The Products segment offers a portfolio of infrastructure, devices, accessories, and software for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.

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