Motorola Solutions Inc. (MSI) Sets New 12-Month High at $77.95
Motorola Solutions Inc. (NYSE:MSI) hit a new 52-week high during trading on Friday . The company traded as high as $77.95 and last traded at $77.88, with a volume of 672,704 shares changing hands. The stock had previously closed at $76.80.
MSI has been the subject of a number of recent analyst reports. Jefferies Group restated a “hold” rating on shares of Motorola Solutions in a research report on Sunday, May 8th. Goldman Sachs Group Inc. upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $81.00 price objective for the company in a research report on Thursday, June 30th. BMO Capital Markets restated a “market perform” rating and issued a $72.00 price objective on shares of Motorola Solutions in a research report on Thursday, August 18th. JPMorgan Chase & Co. restated a “hold” rating and issued a $72.00 price objective on shares of Motorola Solutions in a research report on Friday, August 5th. Finally, MKM Partners reduced their price objective on shares of Motorola Solutions from $74.00 to $69.00 and set a “neutral” rating for the company in a research report on Monday, May 9th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $72.86.
The stock has a market capitalization of $13.00 billion and a PE ratio of 27.50. The company has a 50 day moving average of $72.79 and a 200-day moving average of $71.29.
Motorola Solutions (NYSE:MSI) last posted its earnings results on Thursday, August 4th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.17. During the same period in the previous year, the firm earned $0.68 earnings per share. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.40 billion. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. Equities analysts anticipate that Motorola Solutions Inc. will post $4.60 earnings per share for the current fiscal year.
The company 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 dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date is Tuesday, September 13th.
In other news, CFO Gino A. Bonanotte sold 14,428 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $77.01, for a total value of $1,111,100.28. Following the completion of the sale, the chief financial officer now directly owns 33,005 shares of the company’s stock, valued at approximately $2,541,715.05. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Gregory Q. Brown sold 117,000 shares of the company’s stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $77.11, for a total transaction of $9,021,870.00. The disclosure for this sale can be found here.
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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