Motorola Solutions Inc. (MSI) Hits New 52-Week High at $77.95
Motorola Solutions Inc. (NYSE:MSI) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $77.95 and last traded at $77.88, with a volume of 672,704 shares trading hands. The stock had previously closed at $76.80.
A number of equities research analysts have issued reports on MSI shares. MKM Partners cut their target price on Motorola Solutions from $74.00 to $69.00 and set a “neutral” rating on the stock in a research note on Monday, May 9th. Northland Securities cut Motorola Solutions from a “buy” rating to a “neutral” rating in a research note on Friday, May 6th. BMO Capital Markets reiterated a “market perform” rating and issued a $72.00 target price on shares of Motorola Solutions in a research note on Thursday, August 18th. Credit Suisse Group AG reiterated a “buy” rating and issued a $80.00 target price on shares of Motorola Solutions in a research note on Friday, August 5th. Finally, Goldman Sachs Group Inc. upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $81.00 target price on the stock in a research note on Thursday, June 30th. 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. Motorola Solutions presently has an average rating of “Hold” and a consensus target price of $72.86.
The company has a market cap of $13.00 billion and a PE ratio of 27.50. The firm has a 50-day moving average price of $72.79 and a 200 day moving average price of $71.29.
Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, August 4th. The company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.17. During the same quarter last year, the company earned $0.68 earnings per share. The company earned $1.40 billion during the quarter, compared to the consensus estimate of $1.40 billion. The business’s revenue was up 4.5% on a year-over-year basis. Equities analysts expect that Motorola Solutions Inc. will post $4.60 earnings per share for the current fiscal 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 given a $0.41 dividend. 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 Motorola Solutions news, CFO Gino A. Bonanotte sold 14,428 shares of the company’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $77.01, for a total value of $1,111,100.28. Following the sale, the chief financial officer now directly owns 33,005 shares in the company, valued at $2,541,715.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark S. Hacker sold 4,620 shares of the company’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $76.94, for a total value of $355,462.80. Following the completion of the sale, the executive vice president now owns 15,741 shares in the company, valued at $1,211,112.54. 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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