Motorola Solutions Inc. (MSI) Upgraded to “Outperform” by BMO Capital Markets
Motorola Solutions Inc. (NYSE:MSI) was upgraded by BMO Capital Markets to an “outperform” rating in a research note issued on Wednesday.
MSI has been the topic of several other reports. Deutsche Bank AG set a $68.00 price target on shares of Motorola Solutions and gave the stock a “hold” rating in a research report on Friday, August 5th. Zacks Investment Research upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research report on Wednesday, August 10th. Jefferies Group reiterated a “hold” rating on shares of Motorola Solutions in a research report on Friday, September 2nd. Citigroup Inc. started coverage on shares of Motorola Solutions in a research report on Monday, June 20th. They set a “neutral” rating and a $73.00 target price on the stock. Finally, Credit Suisse Group AG reiterated a “buy” rating and set a $80.00 target price on shares of Motorola Solutions in a research report on Friday, August 5th. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $73.13.
Shares of Motorola Solutions (NYSE:MSI) opened at 73.50 on Wednesday. The firm has a market cap of $12.25 billion, a price-to-earnings ratio of 25.93 and a beta of 0.48. The firm has a 50 day moving average of $76.25 and a 200 day moving average of $72.28. Motorola Solutions has a 52 week low of $59.13 and a 52 week high of $78.99.
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Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, August 4th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.17. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.40 billion. Motorola Solutions had a net margin of 9.04% and a negative return on equity of 223.77%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period last year, the business posted $0.68 EPS. Equities analysts predict that Motorola Solutions will post $4.60 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Thursday, September 15th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date is Tuesday, September 13th. Motorola Solutions’s dividend payout ratio is presently 57.54%.
In other Motorola Solutions news, Chairman Gregory Q. Brown sold 117,000 shares of the business’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $77.11, for a total value of $9,021,870.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John P. Molloy sold 11,199 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $74.14, for a total transaction of $830,293.86. The disclosure for this sale can be found here. 2.55% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of MSI. Telemus Capital LLC increased its stake in Motorola Solutions by 0.4% in the third quarter. Telemus Capital LLC now owns 3,419 shares of the company’s stock worth $261,000 after buying an additional 14 shares during the period. Silvercrest Asset Management Group LLC increased its stake in Motorola Solutions by 0.3% in the second quarter. Silvercrest Asset Management Group LLC now owns 6,303 shares of the company’s stock worth $416,000 after buying an additional 20 shares during the period. Conning Inc. increased its stake in Motorola Solutions by 1.1% in the second quarter. Conning Inc. now owns 6,359 shares of the company’s stock worth $420,000 after buying an additional 70 shares during the period. Moors & Cabot Inc. increased its stake in Motorola Solutions by 1.1% in the second quarter. Moors & Cabot Inc. now owns 9,197 shares of the company’s stock worth $608,000 after buying an additional 101 shares during the period. Finally, World Asset Management Inc increased its stake in Motorola Solutions by 0.7% in the second quarter. World Asset Management Inc now owns 16,744 shares of the company’s stock worth $1,105,000 after buying an additional 117 shares during the period. 85.38% of the stock is owned by institutional investors and hedge funds.
Motorola Solutions Company Profile
Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. Its Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines, including Devices and Systems.
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