Motorola Solutions, Inc. (MSI) Receives Buy Rating from Jefferies Group LLC
Several other research analysts also recently commented on the stock. Zacks Investment Research upgraded shares of Motorola Solutions from a hold rating to a buy rating and set a $97.00 target price on the stock in a report on Tuesday. ValuEngine downgraded shares of Motorola Solutions from a buy rating to a hold rating in a report on Tuesday, August 22nd. Cowen and Company reiterated a market perform rating and issued a $83.00 target price (up previously from $75.00) on shares of Motorola Solutions in a report on Wednesday, August 9th. Deutsche Bank AG lifted their target price on shares of Motorola Solutions from $73.00 to $78.00 and gave the stock a hold rating in a report on Monday, August 7th. Finally, BMO Capital Markets lifted their target price on shares of Motorola Solutions from $95.00 to $102.00 and gave the stock an outperform rating in a report on Friday, August 4th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Motorola Solutions currently has an average rating of Buy and a consensus price target of $94.17.
Motorola Solutions (MSI) traded down 0.44% during trading on Thursday, reaching $87.73. 176,962 shares of the company’s stock were exchanged. The company’s 50-day moving average is $88.84 and its 200-day moving average is $85.23. The company has a market capitalization of $14.27 billion, a PE ratio of 23.14 and a beta of 0.32. Motorola Solutions has a 1-year low of $71.24 and a 1-year high of $93.75.
Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 EPS for the quarter, topping the consensus estimate of $0.99 by $0.07. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.46 billion. Motorola Solutions had a net margin of 10.38% and a negative return on equity of 93.44%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.03 EPS. Equities research analysts expect that Motorola Solutions will post $5.29 earnings per share for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 15th will be given a $0.47 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.88 annualized dividend and a yield of 2.13%. Motorola Solutions’s dividend payout ratio is 49.60%.
In other Motorola Solutions news, EVP Bruce W. Brda sold 25,299 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $89.11, for a total value of $2,254,393.89. Following the transaction, the executive vice president now directly owns 23,829 shares in the company, valued at $2,123,402.19. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Eduardo F. Conrado sold 6,998 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $89.13, for a total transaction of $623,731.74. Following the completion of the transaction, the executive vice president now owns 22,858 shares in the company, valued at $2,037,333.54. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale increased its position in shares of Motorola Solutions by 42.5% in the first quarter. DekaBank Deutsche Girozentrale now owns 414,131 shares of the communications equipment provider’s stock worth $35,186,000 after buying an additional 123,510 shares in the last quarter. Copeland Capital Management LLC increased its position in shares of Motorola Solutions by 24.2% in the first quarter. Copeland Capital Management LLC now owns 180,078 shares of the communications equipment provider’s stock worth $14,506,000 after buying an additional 35,108 shares in the last quarter. First Trust Advisors LP increased its position in shares of Motorola Solutions by 26.9% in the first quarter. First Trust Advisors LP now owns 357,417 shares of the communications equipment provider’s stock worth $30,816,000 after buying an additional 75,824 shares in the last quarter. LSV Asset Management increased its position in shares of Motorola Solutions by 15.5% in the first quarter. LSV Asset Management now owns 733,240 shares of the communications equipment provider’s stock worth $63,219,000 after buying an additional 98,553 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI increased its position in shares of Motorola Solutions by 9.2% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 16,252 shares of the communications equipment provider’s stock worth $1,401,000 after buying an additional 1,373 shares in the last quarter. Hedge funds and other institutional investors own 87.68% of the company’s stock.
About Motorola Solutions
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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