Shares of Motorola Solutions Inc (NYSE:MSI) have earned an average rating of “Buy” from the seventeen analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $139.39.
Several equities research analysts have commented on the stock. ValuEngine raised shares of Motorola Solutions from a “hold” rating to a “buy” rating in a report on Friday, February 8th. Zacks Investment Research raised shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a report on Wednesday, February 13th. Raymond James set a $160.00 price target on shares of Motorola Solutions and gave the stock a “buy” rating in a report on Friday, May 3rd. MKM Partners increased their price target on shares of Motorola Solutions to $143.00 and gave the stock a “neutral” rating in a report on Monday, May 6th. Finally, BTIG Research increased their price target on shares of Motorola Solutions from $137.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd.
In related news, SVP Rajan Naik sold 1,708 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $150.83, for a total value of $257,617.64. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Daniel G. Pekofske sold 4,785 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $143.03, for a total transaction of $684,398.55. The disclosure for this sale can be found here. Insiders sold 82,805 shares of company stock worth $11,816,418 over the last ninety days. 2.99% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its position in Motorola Solutions by 0.5% during the fourth quarter. BlackRock Inc. now owns 18,635,987 shares of the communications equipment provider’s stock valued at $2,143,884,000 after acquiring an additional 95,399 shares during the last quarter. Vanguard Group Inc grew its position in Motorola Solutions by 1.7% during the third quarter. Vanguard Group Inc now owns 17,158,918 shares of the communications equipment provider’s stock valued at $2,233,062,000 after acquiring an additional 280,698 shares during the last quarter. Neuberger Berman Group LLC grew its position in Motorola Solutions by 2.4% during the first quarter. Neuberger Berman Group LLC now owns 5,713,647 shares of the communications equipment provider’s stock valued at $802,310,000 after acquiring an additional 134,923 shares during the last quarter. OppenheimerFunds Inc. grew its position in Motorola Solutions by 1.2% during the first quarter. OppenheimerFunds Inc. now owns 4,465,388 shares of the communications equipment provider’s stock valued at $627,029,000 after acquiring an additional 52,720 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its position in Motorola Solutions by 10,544.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,378,307 shares of the communications equipment provider’s stock valued at $38,000 after acquiring an additional 4,337,175 shares during the last quarter. Institutional investors and hedge funds own 85.87% of the company’s stock.
NYSE MSI traded up $3.71 during trading on Thursday, hitting $155.80. 22,260 shares of the company’s stock traded hands, compared to its average volume of 1,037,661. The company has a market cap of $24.71 billion, a PE ratio of 22.77, a price-to-earnings-growth ratio of 2.65 and a beta of 0.51. Motorola Solutions has a 12-month low of $108.25 and a 12-month high of $153.59.
Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, May 2nd. The communications equipment provider reported $1.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.20. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.62 billion. Motorola Solutions had a net margin of 13.29% and a negative return on equity of 91.61%. The company’s revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.10 earnings per share. As a group, equities research analysts expect that Motorola Solutions will post 7.41 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 14th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Thursday, June 13th. Motorola Solutions’s dividend payout ratio is currently 33.38%.
About Motorola Solutions
Motorola Solutions, Inc provides mission-critical communication solutions 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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