Zacks Investment Research upgraded shares of Motorola Solutions (NYSE:MSI) from a sell rating to a hold rating in a report issued on Thursday.
According to Zacks, “Motorola’s leading industry position enables customers to run their business with increased efficiency and safety. Over time, the company’s growth-by-acquisition strategy has broadened its product portfolio, accelerating the top-line growth. It continues to maintain its global footprint of sales in more than 100 countries based on leading innovation and deep portfolio of products and services. The stock has also outperformed the industry in the last three months. However, higher working capital requirement due to implementation of new ERP system is hurting Motorola 's cash from operations. Headwinds in currency translation could add to the woes, as the company generates significant revenues outside the United States. Brexit could further result in higher tariff and non-tariff barriers to trade between the U.K. and the European Union, lowering company’s productivity.”
Other research analysts also recently issued research reports about the stock. MKM Partners raised their target price on shares of Motorola Solutions to $116.00 and gave the company a neutral rating in a research report on Monday, February 5th. Citigroup raised their target price on shares of Motorola Solutions from $104.00 to $112.00 and gave the company a buy rating in a research report on Wednesday, January 24th. Northcoast Research set a $120.00 target price on shares of Motorola Solutions and gave the company a buy rating in a research report on Wednesday, April 11th. Jefferies Group reissued a buy rating on shares of Motorola Solutions in a research report on Thursday, March 1st. Finally, BMO Capital Markets raised their target price on shares of Motorola Solutions from $102.00 to $116.00 and gave the company an outperform rating in a research report on Friday, February 2nd. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company has an average rating of Buy and an average target price of $114.58.
MSI stock opened at $107.69 on Thursday. The stock has a market capitalization of $17,371.21, a P/E ratio of 20.75, a P/E/G ratio of 2.13 and a beta of 0.32. Motorola Solutions has a 12 month low of $79.63 and a 12 month high of $110.29. The company has a current ratio of 1.35, a quick ratio of 1.24 and a debt-to-equity ratio of -2.56.
Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, February 1st. The communications equipment provider reported $2.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.04 by $0.06. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.94 billion. Motorola Solutions had a negative net margin of 2.43% and a negative return on equity of 75.81%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.03 EPS. equities research analysts expect that Motorola Solutions will post 6.31 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, April 13th. Stockholders of record on Thursday, March 15th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Wednesday, March 14th. Motorola Solutions’s dividend payout ratio is currently 40.00%.
In other news, Chairman Gregory Q. Brown sold 187,000 shares of the firm’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $108.69, for a total value of $20,325,030.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO John K. Wozniak sold 45,577 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $104.90, for a total transaction of $4,781,027.30. Following the completion of the sale, the chief accounting officer now owns 20,099 shares in the company, valued at $2,108,385.10. The disclosure for this sale can be found here. Insiders sold a total of 417,577 shares of company stock worth $45,285,857 over the last 90 days. Company insiders own 2.20% of the company’s stock.
Several large investors have recently added to or reduced their stakes in MSI. Cambridge Investment Research Advisors Inc. boosted its stake in Motorola Solutions by 4.0% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 13,450 shares of the communications equipment provider’s stock worth $1,215,000 after purchasing an additional 517 shares in the last quarter. Xact Kapitalforvaltning AB boosted its stake in Motorola Solutions by 15.6% in the 4th quarter. Xact Kapitalforvaltning AB now owns 14,977 shares of the communications equipment provider’s stock worth $1,353,000 after purchasing an additional 2,017 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Motorola Solutions by 7.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 55,701 shares of the communications equipment provider’s stock worth $5,031,000 after purchasing an additional 3,882 shares in the last quarter. We Are One Seven LLC acquired a new stake in Motorola Solutions in the 4th quarter worth approximately $550,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in Motorola Solutions by 9.4% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 9,300 shares of the communications equipment provider’s stock worth $840,000 after purchasing an additional 800 shares in the last quarter. Institutional investors and hedge funds own 87.94% of the company’s stock.
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About Motorola Solutions
Motorola Solutions, Inc, together with its subsidiaries, provides mission-critical communication infrastructure, devices, accessories, software, and services in the United States, the United Kingdom, and internationally. The company operates in two segments, Products and Services. The Products segment offers a portfolio of infrastructure, devices, accessories, and software for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.
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