Motorola Solutions (NYSE:MSI) had its price target boosted by equities research analysts at MKM Partners to $116.00 in a research report issued on Monday. The brokerage currently has a “neutral” rating on the communications equipment provider’s stock. MKM Partners’ price objective indicates a potential upside of 14.78% from the stock’s current price.
A number of other equities research analysts have also recently issued reports on the stock. Jefferies Group boosted their target price on shares of Motorola Solutions from $105.00 to $110.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Zacks Investment Research cut shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Deutsche Bank raised shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a report on Friday, January 12th. Citigroup boosted their target price on shares of Motorola Solutions from $104.00 to $112.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Finally, ValuEngine cut shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $101.55.
Motorola Solutions (MSI) traded down $2.81 during trading hours on Monday, hitting $101.06. 2,973,197 shares of the company were exchanged, compared to its average volume of 1,233,241. The company has a debt-to-equity ratio of -2.56, a current ratio of 1.35 and a quick ratio of 1.24. The company has a market cap of $16,780.00, a PE ratio of -94.45, a PEG ratio of 4.17 and a beta of 0.40. Motorola Solutions has a 52 week low of $76.92 and a 52 week high of $107.78.
In related news, CEO Gregory Q. Brown sold 75,019 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $90.91, for a total value of $6,819,977.29. Following the completion of the transaction, the chief executive officer now directly owns 183,312 shares in the company, valued at $16,664,893.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Motorola Solutions, Inc. sold 949,779 shares of the company’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $15.00, for a total transaction of $14,246,685.00. The disclosure for this sale can be found here. Insiders sold 1,330,260 shares of company stock valued at $49,414,407 over the last quarter. 2.50% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Grove Bank & Trust boosted its position in Motorola Solutions by 731.0% during the third quarter. Grove Bank & Trust now owns 1,205 shares of the communications equipment provider’s stock valued at $102,000 after buying an additional 1,060 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new stake in Motorola Solutions during the third quarter valued at about $187,000. Meeder Asset Management Inc. boosted its position in Motorola Solutions by 67.4% during the fourth quarter. Meeder Asset Management Inc. now owns 2,171 shares of the communications equipment provider’s stock valued at $196,000 after buying an additional 874 shares during the period. MAI Capital Management bought a new position in shares of Motorola Solutions during the fourth quarter valued at about $202,000. Finally, Pinnacle Associates Ltd. bought a new position in shares of Motorola Solutions during the third quarter valued at about $206,000. Institutional investors and hedge funds own 87.89% of the company’s stock.
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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.
