Motorola Solutions (NYSE:MSI) Reaches New 52-Week High at $369.94

Motorola Solutions, Inc. (NYSE:MSI)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $369.94 and last traded at $368.56, with a volume of 28802 shares changing hands. The stock had previously closed at $368.43.

Analysts Set New Price Targets

MSI has been the subject of several recent analyst reports. StockNews.com raised shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Monday, February 12th. William Blair reiterated an “outperform” rating on shares of Motorola Solutions in a research note on Friday, February 9th. Evercore ISI initiated coverage on Motorola Solutions in a research note on Monday, March 25th. They issued an “outperform” rating and a $400.00 price target on the stock. JPMorgan Chase & Co. raised their target price on shares of Motorola Solutions from $400.00 to $405.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Finally, Barclays upped their price objective on Motorola Solutions from $362.00 to $372.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Motorola Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $357.43.

Motorola Solutions Trading Up 0.4 %

The firm has a fifty day moving average of $350.70 and a 200-day moving average of $331.47. The stock has a market capitalization of $61.89 billion, a price-to-earnings ratio of 45.87, a P/E/G ratio of 3.25 and a beta of 0.91. The company has a debt-to-equity ratio of 11.16, a quick ratio of 1.01 and a current ratio of 1.19.

Motorola Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 14th will be given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 1.06%. The ex-dividend date is Friday, June 14th. Motorola Solutions’s dividend payout ratio (DPR) is presently 48.45%.

Insider Buying and Selling at Motorola Solutions

In other news, SVP James A. Niewiara sold 810 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $358.09, for a total transaction of $290,052.90. Following the transaction, the senior vice president now directly owns 12,986 shares of the company’s stock, valued at $4,650,156.74. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Motorola Solutions news, SVP Cynthia Yazdi sold 4,744 shares of Motorola Solutions stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $334.30, for a total transaction of $1,585,919.20. Following the sale, the senior vice president now directly owns 8,858 shares in the company, valued at approximately $2,961,229.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP James A. Niewiara sold 810 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $358.09, for a total value of $290,052.90. Following the transaction, the senior vice president now owns 12,986 shares of the company’s stock, valued at $4,650,156.74. The disclosure for this sale can be found here. Insiders sold 8,169 shares of company stock valued at $2,803,460 over the last 90 days. 1.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Capital World Investors grew its stake in Motorola Solutions by 0.4% in the fourth quarter. Capital World Investors now owns 12,176,768 shares of the communications equipment provider’s stock worth $3,812,424,000 after purchasing an additional 44,279 shares in the last quarter. FMR LLC raised its holdings in shares of Motorola Solutions by 1.6% during the third quarter. FMR LLC now owns 2,350,325 shares of the communications equipment provider’s stock worth $639,853,000 after purchasing an additional 37,718 shares during the period. Raymond James & Associates lifted its position in shares of Motorola Solutions by 3.8% in the 1st quarter. Raymond James & Associates now owns 2,237,587 shares of the communications equipment provider’s stock worth $794,299,000 after buying an additional 81,990 shares during the last quarter. Norges Bank acquired a new position in shares of Motorola Solutions in the 4th quarter valued at about $646,341,000. Finally, Invesco Ltd. grew its position in shares of Motorola Solutions by 0.4% during the 3rd quarter. Invesco Ltd. now owns 2,006,858 shares of the communications equipment provider’s stock valued at $546,347,000 after buying an additional 8,514 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors.

About Motorola Solutions

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.