MKM Partners upgraded shares of Motorola Solutions (NYSE:MSI) from a neutral rating to a buy rating in a research note issued to investors on Friday morning, Analyst Ratings Network reports. MKM Partners currently has $199.00 target price on the communications equipment provider’s stock, up from their prior target price of $170.00.
Several other brokerages have also issued reports on MSI. Zacks Investment Research lowered shares of Motorola Solutions from a hold rating to a sell rating and set a $175.00 price target on the stock. in a report on Monday, October 12th. TD Securities raised shares of Motorola Solutions to a buy rating and decreased their price target for the company from $35.00 to $34.00 in a report on Thursday, October 1st. Argus reaffirmed a hold rating on shares of Motorola Solutions in a report on Tuesday, August 11th. Morgan Stanley started coverage on shares of Motorola Solutions in a research report on Tuesday, September 1st. They set an overweight rating and a $28.00 target price on the stock. Finally, Credit Suisse Group reiterated a buy rating and set a $163.00 target price on shares of Motorola Solutions in a research report on Friday, August 7th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $147.43.
MSI stock opened at $172.30 on Friday. Motorola Solutions has a 12 month low of $120.77 and a 12 month high of $187.49. The firm has a market cap of $29.25 billion, a P/E ratio of 35.90, a P/E/G ratio of 2.75 and a beta of 0.74. The company’s 50-day moving average price is $160.50 and its two-hundred day moving average price is $146.97.
Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, August 6th. The communications equipment provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.40. The company had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.57 billion. Motorola Solutions had a net margin of 11.03% and a negative return on equity of 145.69%. The firm’s revenue was down 13.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.69 EPS. As a group, equities research analysts forecast that Motorola Solutions will post 6.88 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Tuesday, September 15th were given a $0.64 dividend. The ex-dividend date of this dividend was Monday, September 14th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 1.49%. Motorola Solutions’s dividend payout ratio (DPR) is currently 34.41%.
In related news, EVP John P. Molloy sold 6,800 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $155.00, for a total transaction of $1,054,000.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Gregory Q. Brown sold 90,000 shares of the business’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $155.61, for a total transaction of $14,004,900.00. The disclosure for this sale can be found here. Insiders have sold a total of 98,621 shares of company stock worth $15,337,386 in the last quarter. 2.30% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Price Wealth LLC lifted its position in shares of Motorola Solutions by 1,508.3% during the 3rd quarter. Price Wealth LLC now owns 193 shares of the communications equipment provider’s stock valued at $30,000 after acquiring an additional 181 shares during the period. Lindbrook Capital LLC increased its stake in Motorola Solutions by 55.8% during the 2nd quarter. Lindbrook Capital LLC now owns 201 shares of the communications equipment provider’s stock valued at $28,000 after purchasing an additional 72 shares in the last quarter. Nachman Norwood & Parrott Inc bought a new stake in Motorola Solutions during the 3rd quarter valued at $37,000. Valeo Financial Advisors LLC increased its stake in Motorola Solutions by 200.0% during the 2nd quarter. Valeo Financial Advisors LLC now owns 249 shares of the communications equipment provider’s stock valued at $35,000 after purchasing an additional 166 shares in the last quarter. Finally, CX Institutional increased its stake in Motorola Solutions by 66.7% during the 3rd quarter. CX Institutional now owns 255 shares of the communications equipment provider’s stock valued at $40,000 after purchasing an additional 102 shares in the last quarter. Institutional investors own 85.55% of the company’s stock.
Motorola Solutions Company Profile
Motorola Solutions, Inc provides mission-critical communication solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Services and Software. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video solutions, as well as the implementation, optimization, and integration of networks, devices, software, and applications for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.
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