Raymond James set a $139.00 price target on Motorola Solutions (NYSE:MSI) in a research report sent to investors on Friday. The firm currently has a buy rating on the communications equipment provider’s stock.
A number of other equities research analysts also recently weighed in on MSI. JPMorgan Chase & Co. dropped their target price on Motorola Solutions from $130.00 to $126.00 and set a sell rating for the company in a research report on Friday, November 2nd. BMO Capital Markets boosted their target price on Motorola Solutions from $134.00 to $135.00 and gave the stock an outperform rating in a research report on Friday, November 2nd. Citigroup dropped their target price on Motorola Solutions from $146.00 to $145.00 and set a buy rating for the company in a research report on Friday, November 2nd. Gabelli downgraded Motorola Solutions from a buy rating to a hold rating in a research report on Monday, November 5th. They noted that the move was a valuation call. Finally, Deutsche Bank upped their price objective on Motorola Solutions from $135.00 to $140.00 and gave the company a buy rating in a report on Monday, November 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $129.88.
MSI stock opened at $134.18 on Friday. The firm has a market cap of $22.13 billion, a PE ratio of 19.65, a PEG ratio of 1.89 and a beta of 0.53. Motorola Solutions has a twelve month low of $99.64 and a twelve month high of $136.78.
Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, February 7th. The communications equipment provider reported $2.63 earnings per share for the quarter, topping analysts’ consensus estimates of $2.41 by $0.22. The company had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.22 billion. Motorola Solutions had a negative return on equity of 82.33% and a net margin of 13.17%. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.10 earnings per share. On average, research analysts forecast that Motorola Solutions will post 7.29 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 15th. Investors 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 1.70%. The ex-dividend date was Thursday, December 13th. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.52. Motorola Solutions’s dividend payout ratio is currently 33.38%.
In related news, SVP Rajan Naik sold 14,606 shares of the company’s stock in a transaction dated Monday, November 26th. The stock was sold at an average price of $127.00, for a total value of $1,854,962.00. Following the completion of the sale, the senior vice president now owns 10,544 shares in the company, valued at $1,339,088. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.20% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. Wellington Shields & Co. LLC grew its stake in Motorola Solutions by 22.4% in the fourth quarter. Wellington Shields & Co. LLC now owns 1,952 shares of the communications equipment provider’s stock valued at $225,000 after acquiring an additional 357 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in Motorola Solutions by 10.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 638,570 shares of the communications equipment provider’s stock valued at $73,463,000 after acquiring an additional 60,195 shares during the period. Commonwealth Equity Services LLC grew its stake in Motorola Solutions by 23.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 22,218 shares of the communications equipment provider’s stock valued at $2,556,000 after acquiring an additional 4,290 shares during the period. AlphaCrest Capital Management LLC acquired a new position in Motorola Solutions in the fourth quarter valued at about $1,450,000. Finally, Bank of Nova Scotia grew its stake in Motorola Solutions by 50.6% in the fourth quarter. Bank of Nova Scotia now owns 49,673 shares of the communications equipment provider’s stock valued at $5,713,000 after acquiring an additional 16,683 shares during the period. 88.29% of the stock is owned by hedge funds and other institutional investors.
About Motorola Solutions
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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