Motorola Solutions Inc. (NYSE:MSI) gapped up before the market opened on Thursday . The stock had previously closed at $74.17, but opened at $74.28. Motorola Solutions shares last traded at $75.41, with a volume of 846,748 shares changing hands.

A number of brokerages have issued reports on MSI. MKM Partners reduced their price objective on shares of Motorola Solutions from $74.00 to $69.00 and set a “neutral” rating on the stock in a research report on Monday, May 9th. Northland Securities downgraded shares of Motorola Solutions from a “buy” rating to a “neutral” rating in a research report on Friday, May 6th. Goldman Sachs Group Inc. raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $81.00 price objective on the stock in a research report on Thursday, June 30th. Zacks Investment Research downgraded shares of Motorola Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 26th. Finally, Deutsche Bank AG set a $68.00 price objective on shares of Motorola Solutions and gave the company a “hold” rating in a research report on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $72.30.

The company has a market cap of $12.59 billion and a price-to-earnings ratio of 26.64. The stock’s 50-day moving average is $68.20 and its 200-day moving average is $69.91.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, August 4th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.17. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.40 billion. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.68 earnings per share. On average, equities analysts forecast that Motorola Solutions Inc. will post $4.58 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Wednesday, June 15th were issued a $0.41 dividend. The ex-dividend date of this dividend was Monday, June 13th. This represents a $1.64 annualized dividend and a dividend yield of 2.17%.

In related news, EVP Eduardo F. Conrado sold 976 shares of Motorola Solutions stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $70.08, for a total value of $68,398.08. Following the completion of the sale, the executive vice president now directly owns 22,750 shares in the company, valued at $1,594,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John P. Molloy sold 11,199 shares of Motorola Solutions stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $74.14, for a total value of $830,293.86. The disclosure for this sale can be found here.

Other hedge funds have recently added to or reduced their stakes in the company. American International Group Inc. increased its stake in Motorola Solutions by 0.5% in the fourth quarter. American International Group Inc. now owns 78,396 shares of the company’s stock valued at $5,366,000 after buying an additional 400 shares during the last quarter. Poplar Forest Capital LLC increased its stake in Motorola Solutions by 2.6% in the fourth quarter. Poplar Forest Capital LLC now owns 27,550 shares of the company’s stock valued at $1,886,000 after buying an additional 700 shares during the last quarter. KBC Group NV increased its stake in Motorola Solutions by 20.8% in the fourth quarter. KBC Group NV now owns 192,930 shares of the company’s stock valued at $13,206,000 after buying an additional 33,268 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in Motorola Solutions by 52.7% in the fourth quarter. BNP Paribas Arbitrage SA now owns 33,154 shares of the company’s stock valued at $2,269,000 after buying an additional 11,436 shares during the last quarter. Finally, Advantus Capital Management Inc increased its stake in Motorola Solutions by 3.2% in the fourth quarter. Advantus Capital Management Inc now owns 15,471 shares of the company’s stock valued at $1,059,000 after buying an additional 482 shares during the last quarter.

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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