Morgan Stanley Lowers Motorola Solutions (NYSE:MSI) to Equal Weight

Morgan Stanley downgraded shares of Motorola Solutions (NYSE:MSIGet Rating) from an overweight rating to an equal weight rating in a report issued on Wednesday, Marketbeat Ratings reports. Morgan Stanley currently has $260.00 price target on the communications equipment provider’s stock, up from their previous price target of $240.00.

Several other analysts also recently issued reports on MSI. StockNews.com raised shares of Motorola Solutions from a hold rating to a buy rating in a research note on Friday, August 5th. Cowen raised their price objective on shares of Motorola Solutions to $311.00 in a research note on Tuesday, August 9th. Credit Suisse Group raised their price objective on shares of Motorola Solutions to $301.00 in a research note on Tuesday, August 9th. Finally, Barclays lifted their price target on shares of Motorola Solutions to $305.00 in a research note on Tuesday, August 9th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $289.33.

Motorola Solutions Trading Down 1.5 %

MSI opened at $242.31 on Wednesday. The firm has a market cap of $40.54 billion, a P/E ratio of 34.97, a P/E/G ratio of 3.06 and a beta of 0.91. Motorola Solutions has a 12 month low of $195.18 and a 12 month high of $273.65. The stock has a 50-day moving average of $237.93 and a 200 day moving average of $226.46.

Motorola Solutions (NYSE:MSIGet Rating) last announced its quarterly earnings data on Thursday, August 4th. The communications equipment provider reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.20. The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.06 billion. Motorola Solutions had a net margin of 14.22% and a negative return on equity of 571.78%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.94 earnings per share. On average, research analysts forecast that Motorola Solutions will post 9.09 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Thursday, September 15th will be issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Wednesday, September 14th. Motorola Solutions’s payout ratio is 45.60%.

Insider Activity at Motorola Solutions

In related news, CEO Gregory Q. Brown sold 100,000 shares of Motorola Solutions stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $254.14, for a total transaction of $25,414,000.00. Following the transaction, the chief executive officer now directly owns 70,308 shares of the company’s stock, valued at $17,868,075.12. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Motorola Solutions news, SVP Cynthia Yazdi sold 500 shares of Motorola Solutions stock in a transaction on Friday, August 12th. The shares were sold at an average price of $254.29, for a total value of $127,145.00. Following the transaction, the senior vice president now directly owns 7,174 shares of the company’s stock, valued at $1,824,276.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gregory Q. Brown sold 100,000 shares of Motorola Solutions stock in a transaction on Friday, August 12th. The stock was sold at an average price of $254.14, for a total transaction of $25,414,000.00. Following the completion of the transaction, the chief executive officer now directly owns 70,308 shares in the company, valued at $17,868,075.12. The disclosure for this sale can be found here. Insiders have sold a total of 224,377 shares of company stock valued at $57,064,982 over the last ninety days. 1.85% of the stock is owned by company insiders.

Hedge Funds Weigh In On Motorola Solutions

Several institutional investors and hedge funds have recently bought and sold shares of MSI. Norges Bank purchased a new position in Motorola Solutions in the fourth quarter worth $437,475,000. Capital World Investors grew its holdings in shares of Motorola Solutions by 13.0% during the first quarter. Capital World Investors now owns 11,476,578 shares of the communications equipment provider’s stock valued at $2,779,627,000 after buying an additional 1,322,729 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Motorola Solutions by 6.9% during the first quarter. Vanguard Group Inc. now owns 19,827,404 shares of the communications equipment provider’s stock valued at $4,802,197,000 after buying an additional 1,279,798 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Motorola Solutions by 4.5% during the fourth quarter. BlackRock Inc. now owns 14,324,480 shares of the communications equipment provider’s stock valued at $3,891,960,000 after buying an additional 616,253 shares during the last quarter. Finally, Ceredex Value Advisors LLC grew its holdings in shares of Motorola Solutions by 58.8% during the first quarter. Ceredex Value Advisors LLC now owns 963,784 shares of the communications equipment provider’s stock valued at $234,185,000 after buying an additional 356,891 shares during the last quarter. 83.96% of the stock is owned by hedge funds and other institutional investors.

About Motorola Solutions

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Motorola Solutions, Inc provides mission critical communications and analytics in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation, and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.

Further Reading

Analyst Recommendations for Motorola Solutions (NYSE:MSI)

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