Motorola Solutions Inc. (MSI) Reaches New 12-Month High at $77.22
Shares of Motorola Solutions Inc. (NYSE:MSI) hit a new 52-week high during trading on Tuesday . The stock traded as high as $77.22 and last traded at $77.04, with a volume of 435,953 shares traded. The stock had previously closed at $76.49.
Several analysts recently commented on the company. Credit Suisse Group AG reiterated a “buy” rating on shares of Motorola Solutions in a research report on Monday, May 2nd. Jefferies Group restated a “hold” rating on shares of Motorola Solutions in a report on Sunday, May 8th. Northcoast Research cut Motorola Solutions from a “buy” rating to a “neutral” rating in a report on Wednesday, May 4th. Goldman Sachs Group Inc. upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $81.00 target price for the company in a report on Thursday, June 30th. Finally, Northland Securities cut Motorola Solutions from a “buy” rating to a “neutral” rating in a report on Friday, May 6th. One investment 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 company presently has a consensus rating of “Hold” and an average price target of $72.86.
The stock has a 50-day moving average of $70.32 and a 200-day moving average of $70.54. The stock has a market cap of $12.85 billion and a PE ratio of 27.19.
Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data 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 firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.40 billion. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.68 earnings per share. On average, equities research analysts forecast that Motorola Solutions Inc. will post $4.60 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Thursday, September 15th will be issued a dividend of $0.41 per share. The ex-dividend date is Tuesday, September 13th. This represents a $1.64 annualized dividend and a yield of 2.14%.
In other news, EVP Eduardo F. Conrado sold 4,300 shares of the business’s stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $69.29, for a total value of $297,947.00. Following the completion of the transaction, the executive vice president now directly owns 18,450 shares of the company’s stock, valued at $1,278,400.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP John P. Molloy sold 11,199 shares of the business’s stock in a transaction on Wednesday, August 10th. The stock was 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 institutional investors recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC boosted its position in Motorola Solutions by 0.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 17,942 shares of the company’s stock worth $1,228,000 after buying an additional 97 shares during the period. American International Group Inc. boosted its position in Motorola Solutions by 0.5% in the fourth quarter. American International Group Inc. now owns 78,396 shares of the company’s stock worth $5,366,000 after buying an additional 400 shares during the period. KBC Group NV boosted its position in Motorola Solutions by 20.8% in the fourth quarter. KBC Group NV now owns 192,930 shares of the company’s stock worth $13,206,000 after buying an additional 33,268 shares during the period. Finally, Morgan Stanley boosted its position in Motorola Solutions by 30.5% in the fourth quarter. Morgan Stanley now owns 347,012 shares of the company’s stock worth $23,754,000 after buying an additional 81,156 shares during the period.
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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