Motorola Solutions Inc. (MSI) Lifted to “Outperform” at BMO Capital Markets
BMO Capital Markets upgraded shares of Motorola Solutions Inc. (NYSE:MSI) from a market perform rating to an outperform rating in a report published on Wednesday. They currently have $84.00 price target on the stock, up from their prior price target of $72.00.
Several other equities research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Motorola Solutions from a buy rating to a hold rating in a report on Wednesday, October 5th. Jefferies Group reissued a hold rating on shares of Motorola Solutions in a report on Friday, September 2nd. JPMorgan Chase & Co. reissued a hold rating and issued a $72.00 price target on shares of Motorola Solutions in a report on Friday, August 5th. Credit Suisse Group AG reissued a buy rating and issued a $80.00 price target on shares of Motorola Solutions in a report on Friday, August 5th. Finally, Deutsche Bank AG set a $68.00 price target on shares of Motorola Solutions and gave the company a hold rating in a report on Friday, August 5th. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Motorola Solutions has an average rating of Hold and an average target price of $73.93.
Shares of Motorola Solutions (NYSE:MSI) opened at 73.58 on Wednesday. The company has a market capitalization of $12.27 billion, a P/E ratio of 25.95 and a beta of 0.48. The firm’s 50 day moving average is $75.94 and its 200-day moving average is $72.29. Motorola Solutions has a 52-week low of $59.13 and a 52-week high of $78.99.
Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, August 4th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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. Motorola Solutions had a net margin of 9.04% and a negative return on equity of 223.77%. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.68 EPS. Equities research analysts anticipate that Motorola Solutions will post $4.60 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Thursday, September 15th were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $1.64 dividend on an annualized basis and a yield of 2.23%. Motorola Solutions’s payout ratio is presently 57.54%.
In related news, EVP Bruce W. Brda sold 10,416 shares of the stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $77.99, for a total value of $812,343.84. Following the sale, the executive vice president now directly owns 25,703 shares in the company, valued at approximately $2,004,576.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Gregory Q. Brown sold 117,000 shares of the stock in a transaction that occurred on Monday, August 29th. The shares were 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. Company insiders own 2.55% of the company’s stock.
Several hedge funds have recently made changes to their positions in MSI. Ngam Advisors L.P. increased its stake in shares of Motorola Solutions by 7.5% in the first quarter. Ngam Advisors L.P. now owns 27,851 shares of the company’s stock worth $2,108,000 after buying an additional 1,950 shares in the last quarter. Teachers Advisors Inc. increased its stake in shares of Motorola Solutions by 26.0% in the first quarter. Teachers Advisors Inc. now owns 319,215 shares of the company’s stock worth $24,165,000 after buying an additional 65,861 shares in the last quarter. BlackRock Japan Co. Ltd increased its stake in shares of Motorola Solutions by 1.3% in the first quarter. BlackRock Japan Co. Ltd now owns 198,047 shares of the company’s stock worth $14,992,000 after buying an additional 2,638 shares in the last quarter. Sentry Investment Management LLC increased its stake in shares of Motorola Solutions by 4.3% in the first quarter. Sentry Investment Management LLC now owns 11,823 shares of the company’s stock worth $895,000 after buying an additional 487 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Motorola Solutions by 147.2% in the first quarter. JPMorgan Chase & Co. now owns 1,026,258 shares of the company’s stock worth $77,688,000 after buying an additional 611,081 shares in the last quarter. Institutional investors and hedge funds own 85.35% of the company’s stock.
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. 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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