Motorola Solutions (NYSE:MSI) Reaches New 12-Month High on Strong Earnings

Shares of Motorola Solutions, Inc. (NYSE:MSIGet Free Report) hit a new 52-week high on Friday after the company announced better than expected quarterly earnings. The stock traded as high as $333.00 and last traded at $330.56, with a volume of 148048 shares traded. The stock had previously closed at $328.35.

The communications equipment provider reported $3.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.63 by $0.27. Motorola Solutions had a return on equity of 582.04% and a net margin of 17.12%. The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the previous year, the business earned $3.38 EPS. Motorola Solutions’s revenue was up 5.2% compared to the same quarter last year.

Motorola Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 15th were issued a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Thursday, December 14th. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.88. Motorola Solutions’s payout ratio is currently 39.48%.

Analyst Ratings Changes

A number of research analysts recently issued reports on MSI shares. Deutsche Bank Aktiengesellschaft started coverage on Motorola Solutions in a report on Friday, January 19th. They set a “buy” rating and a $350.00 price target on the stock. StockNews.com downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a report on Saturday, November 11th. William Blair reissued an “outperform” rating on shares of Motorola Solutions in a research report on Friday. Finally, Barclays boosted their price target on Motorola Solutions from $333.00 to $352.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $328.29.

View Our Latest Analysis on Motorola Solutions

Institutional Investors Weigh In On Motorola Solutions

Several large investors have recently bought and sold shares of MSI. Private Wealth Management Group LLC bought a new stake in Motorola Solutions in the 4th quarter worth about $29,000. Northwest Capital Management Inc increased its holdings in Motorola Solutions by 71.4% in the 4th quarter. Northwest Capital Management Inc now owns 96 shares of the communications equipment provider’s stock worth $30,000 after buying an additional 40 shares in the last quarter. Motco grew its stake in shares of Motorola Solutions by 137.5% during the 4th quarter. Motco now owns 95 shares of the communications equipment provider’s stock valued at $30,000 after purchasing an additional 55 shares during the period. Cornerstone Planning Group LLC bought a new stake in shares of Motorola Solutions during the 2nd quarter valued at about $33,000. Finally, Eagle Bay Advisors LLC bought a new stake in shares of Motorola Solutions during the 2nd quarter valued at about $35,000. 82.37% of the stock is currently owned by institutional investors.

Motorola Solutions Trading Up 0.8 %

The stock has a 50 day simple moving average of $319.31 and a 200-day simple moving average of $299.64. The firm has a market capitalization of $54.93 billion, a P/E ratio of 33.32, a P/E/G ratio of 2.73 and a beta of 0.92. The company has a current ratio of 0.95, a quick ratio of 0.77 and a debt-to-equity ratio of 12.51.

Motorola Solutions Company Profile

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Motorola Solutions, Inc provides public safety and enterprise security solutions 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

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