Motorola Solutions Inc. (MSI) Reaches New 52-Week High at $77.22
Motorola Solutions Inc. (NYSE:MSI) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $77.22 and last traded at $77.04, with a volume of 435,953 shares changing hands. The stock had previously closed at $76.49.
A number of brokerages recently commented on MSI. Jefferies Group reiterated a “hold” rating on shares of Motorola Solutions in a research note on Sunday, May 8th. Northcoast Research lowered shares of Motorola Solutions from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 4th. Credit Suisse Group AG reiterated a “buy” rating on shares of Motorola Solutions in a research note on Monday, May 2nd. Citigroup Inc. began coverage on shares of Motorola Solutions in a research note on Monday, June 20th. They issued a “neutral” rating and a $73.00 price target on the stock. Finally, JPMorgan Chase & Co. reiterated a “hold” rating and issued a $72.00 price target on shares of Motorola Solutions in a research note on Friday, August 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $72.86.
The company’s 50-day moving average is $70.84 and its 200 day moving average is $70.69. The company has a market capitalization of $12.86 billion and a price-to-earnings ratio of 27.20.
Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, August 4th. The company reported $1.03 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.17. During the same period in the prior year, the firm earned $0.68 EPS. The company earned $1.40 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Motorola Solutions’s quarterly revenue was up 4.5% on a year-over-year basis. On average, analysts expect that Motorola Solutions Inc. will post $4.60 earnings per share for the current year.
The business also recently declared 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. The ex-dividend date is Tuesday, September 13th. This represents a $1.64 dividend on an annualized basis and a yield of 2.13%.
In other Motorola Solutions news, EVP John P. Molloy sold 11,199 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $74.14, for a total value of $830,293.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A hedge fund recently raised its stake in Motorola Solutions stock. American International Group Inc. increased its position in Motorola Solutions Inc. (NYSE:MSI) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 78,396 shares of the company’s stock after buying an additional 400 shares during the period. American International Group Inc.’s holdings in Motorola Solutions were worth $5,366,000 as of its most recent filing with the SEC.
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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