Motorola Solutions, Inc. (MSI) Lifted to “Buy” at Cleveland Research

Cleveland Research upgraded shares of Motorola Solutions, Inc. (NYSE:MSI) from a neutral rating to a buy rating in a report released on Friday, Marketbeat reports.

Several other brokerages have also issued reports on MSI. Zacks Investment Research raised shares of Motorola Solutions from a hold rating to a buy rating and set a $102.00 target price on the stock in a research note on Thursday, July 27th. BMO Capital Markets increased their target price on shares of Motorola Solutions from $95.00 to $102.00 and gave the stock an outperform rating in a research note on Friday, August 4th. Credit Suisse Group set a $95.00 target price on shares of Motorola Solutions and gave the stock a buy rating in a research note on Thursday, July 27th. Jefferies Group LLC reissued a buy rating on shares of Motorola Solutions in a research note on Thursday, August 31st. Finally, BidaskClub raised shares of Motorola Solutions from a hold rating to a buy rating in a research note on Tuesday, June 27th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Motorola Solutions has an average rating of Buy and an average price target of $94.08.

Shares of Motorola Solutions (NYSE:MSI) opened at 89.10 on Friday. The firm has a market capitalization of $14.49 billion, a price-to-earnings ratio of 23.50 and a beta of 0.31. Motorola Solutions has a one year low of $71.24 and a one year high of $93.75. The company’s 50 day moving average is $86.08 and its 200-day moving average is $86.16.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.07. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.46 billion. Motorola Solutions had a net margin of 10.38% and a negative return on equity of 93.44%. Motorola Solutions’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.03 earnings per share. Equities analysts expect that Motorola Solutions will post $5.29 EPS for the current year.

WARNING: “Motorola Solutions, Inc. (MSI) Lifted to “Buy” at Cleveland Research” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another website, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The correct version of this report can be read at https://ledgergazette.com/2017/10/10/motorola-solutions-inc-msi-lifted-to-buy-at-cleveland-research.html.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.47 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.88 annualized dividend and a yield of 2.11%. Motorola Solutions’s payout ratio is 49.60%.

In other Motorola Solutions news, EVP Eduardo F. Conrado sold 6,998 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $89.13, for a total transaction of $623,731.74. Following the transaction, the executive vice president now owns 22,858 shares in the company, valued at $2,037,333.54. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Bruce W. Brda sold 25,299 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $89.11, for a total transaction of $2,254,393.89. Following the transaction, the executive vice president now owns 23,829 shares in the company, valued at approximately $2,123,402.19. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sun Life Financial INC raised its holdings in shares of Motorola Solutions by 14,800.0% in the second quarter. Sun Life Financial INC now owns 1,192 shares of the communications equipment provider’s stock valued at $103,000 after purchasing an additional 1,184 shares during the last quarter. Acrospire Investment Management LLC raised its holdings in shares of Motorola Solutions by 33.3% in the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the communications equipment provider’s stock valued at $104,000 after purchasing an additional 300 shares during the last quarter. Exane Derivatives raised its holdings in shares of Motorola Solutions by 163.6% in the second quarter. Exane Derivatives now owns 1,613 shares of the communications equipment provider’s stock valued at $140,000 after purchasing an additional 1,001 shares during the last quarter. Smithfield Trust Co. raised its holdings in shares of Motorola Solutions by 2.7% in the second quarter. Smithfield Trust Co. now owns 2,003 shares of the communications equipment provider’s stock valued at $173,000 after purchasing an additional 53 shares during the last quarter. Finally, Williams Jones &#

Several other brokerages have also issued reports on MSI. Zacks Investment Research raised shares of Motorola Solutions from a hold rating to a buy rating and set a $102.00 target price on the stock in a research note on Thursday, July 27th. BMO Capital Markets increased their target price on shares of Motorola Solutions from $95.00 to $102.00 and gave the stock an outperform rating in a research note on Friday, August 4th. Credit Suisse Group set a $95.00 target price on shares of Motorola Solutions and gave the stock a buy rating in a research note on Thursday, July 27th. Jefferies Group LLC reissued a buy rating on shares of Motorola Solutions in a research note on Thursday, August 31st. Finally, BidaskClub raised shares of Motorola Solutions from a hold rating to a buy rating in a research note on Tuesday, June 27th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Motorola Solutions has an average rating of Buy and an average price target of $94.08.

Shares of Motorola Solutions (NYSE:MSI) opened at 89.10 on Friday. The firm has a market capitalization of $14.49 billion, a price-to-earnings ratio of 23.50 and a beta of 0.31. Motorola Solutions has a one year low of $71.24 and a one year high of $93.75. The company’s 50 day moving average is $86.08 and its 200-day moving average is $86.16.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.07. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.46 billion. Motorola Solutions had a net margin of 10.38% and a negative return on equity of 93.44%. Motorola Solutions’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.03 earnings per share. Equities analysts expect that Motorola Solutions will post $5.29 EPS for the current year.

WARNING: “Motorola Solutions, Inc. (MSI) Lifted to “Buy” at Cleveland Research” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another website, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The correct version of this report can be read at https://ledgergazette.com/2017/10/10/motorola-solutions-inc-msi-lifted-to-buy-at-cleveland-research.html.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.47 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.88 annualized dividend and a yield of 2.11%. Motorola Solutions’s payout ratio is 49.60%.

In other Motorola Solutions news, EVP Eduardo F. Conrado sold 6,998 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $89.13, for a total transaction of $623,731.74. Following the transaction, the executive vice president now owns 22,858 shares in the company, valued at $2,037,333.54. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Bruce W. Brda sold 25,299 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $89.11, for a total transaction of $2,254,393.89. Following the transaction, the executive vice president now owns 23,829 shares in the company, valued at approximately $2,123,402.19. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sun Life Financial INC raised its holdings in shares of Motorola Solutions by 14,800.0% in the second quarter. Sun Life Financial INC now owns 1,192 shares of the communications equipment provider’s stock valued at $103,000 after purchasing an additional 1,184 shares during the last quarter. Acrospire Investment Management LLC raised its holdings in shares of Motorola Solutions by 33.3% in the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the communications equipment provider’s stock valued at $104,000 after purchasing an additional 300 shares during the last quarter. Exane Derivatives raised its holdings in shares of Motorola Solutions by 163.6% in the second quarter. Exane Derivatives now owns 1,613 shares of the communications equipment provider’s stock valued at $140,000 after purchasing an additional 1,001 shares during the last quarter. Smithfield Trust Co. raised its holdings in shares of Motorola Solutions by 2.7% in the second quarter. Smithfield Trust Co. now owns 2,003 shares of the communications equipment provider’s stock valued at $173,000 after purchasing an additional 53 shares during the last quarter. Finally, Williams Jones & Associates LLC purchased a new stake in shares of Motorola Solutions in the second quarter valued at about $201,000. Hedge funds and other institutional investors own 87.40% of the company’s stock.

Motorola Solutions Company Profile

Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.

Analyst Recommendations for Motorola Solutions (NYSE:MSI)

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