Motorola Solutions (NYSE:MSI – Get Rating) had its price objective increased by Barclays to $305.00 in a research report sent to investors on Tuesday morning, Stock Target Advisor reports.
A number of other equities research analysts have also weighed in on MSI. Morgan Stanley raised shares of Motorola Solutions from an equal weight rating to an overweight rating and set a $240.00 price target for the company in a report on Monday, May 23rd. Loop Capital started coverage on shares of Motorola Solutions in a report on Monday, April 25th. They set a buy rating and a $295.00 price target for the company. Credit Suisse Group raised their price target on shares of Motorola Solutions from $290.00 to $295.00 and gave the company an outperform rating in a report on Wednesday, June 22nd. Finally, StockNews.com raised shares of Motorola Solutions from a hold rating to a buy rating in a report on Friday, August 5th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $287.11.
Get Motorola Solutions alerts:Motorola Solutions Trading Down 0.3 %
Shares of MSI stock opened at $252.28 on Tuesday. The company's fifty day simple moving average is $219.46 and its 200-day simple moving average is $222.47. Motorola Solutions has a 52 week low of $195.18 and a 52 week high of $273.65. The company has a market cap of $42.21 billion, a PE ratio of 36.40, a P/E/G ratio of 3.10 and a beta of 0.92.
Motorola Solutions (NYSE:MSI – Get Rating) last issued its earnings results on Thursday, August 4th. The communications equipment provider reported $2.07 EPS for the quarter, beating analysts' consensus estimates of $1.87 by $0.20. Motorola Solutions had a net margin of 14.22% and a negative return on equity of 571.78%. The business had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter last year, the firm posted $1.94 EPS. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. Equities research analysts expect that Motorola Solutions will post 9.08 EPS for the current fiscal year.Motorola Solutions Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Wednesday, June 15th were issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 1.25%. The ex-dividend date was Tuesday, June 14th. Motorola Solutions's dividend payout ratio is currently 45.60%.
Insiders Place Their Bets
In other Motorola Solutions news, CEO Gregory Q. Brown sold 25,000 shares of the firm's stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $219.75, for a total transaction of $5,493,750.00. Following the completion of the transaction, the chief executive officer now directly owns 35,348 shares of the company's stock, valued at approximately $7,767,723. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.85% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of MSI. Norges Bank acquired a new position in shares of Motorola Solutions in the 4th quarter valued at about $437,475,000. Capital World Investors boosted its holdings in shares of Motorola Solutions by 13.0% in the 1st quarter. Capital World Investors now owns 11,476,578 shares of the communications equipment provider's stock valued at $2,779,627,000 after buying an additional 1,322,729 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Motorola Solutions by 6.9% in the 1st quarter. Vanguard Group Inc. now owns 19,827,404 shares of the communications equipment provider's stock valued at $4,802,197,000 after buying an additional 1,279,798 shares during the period. BlackRock Inc. boosted its holdings in shares of Motorola Solutions by 4.5% in the 4th quarter. BlackRock Inc. now owns 14,324,480 shares of the communications equipment provider's stock valued at $3,891,960,000 after buying an additional 616,253 shares during the period. Finally, Ceredex Value Advisors LLC boosted its holdings in shares of Motorola Solutions by 58.8% in the 1st quarter. Ceredex Value Advisors LLC now owns 963,784 shares of the communications equipment provider's stock valued at $234,185,000 after buying an additional 356,891 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.
About Motorola Solutions
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Motorola Solutions, Inc provides mission critical communications and analytics in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation, and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.
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