Motorola Solutions (NYSE:MSI) Reaches New 12-Month High at $372.01

Motorola Solutions, Inc. (NYSE:MSIGet Free Report)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $372.01 and last traded at $370.03, with a volume of 17402 shares changing hands. The stock had previously closed at $369.22.

Wall Street Analysts Forecast Growth

MSI has been the topic of a number of analyst reports. William Blair reissued an “outperform” rating on shares of Motorola Solutions in a report on Friday, February 9th. Barclays boosted their target price on shares of Motorola Solutions from $362.00 to $372.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. StockNews.com raised shares of Motorola Solutions from a “hold” rating to a “buy” rating in a report on Monday, February 12th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Motorola Solutions from $375.00 to $385.00 and gave the company a “buy” rating in a report on Monday. Finally, Evercore ISI initiated coverage on shares of Motorola Solutions in a report on Monday, March 25th. They set an “outperform” rating and a $400.00 target price on the stock. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $358.86.

Get Our Latest Stock Report on MSI

Motorola Solutions Trading Down 0.0 %

The stock has a market cap of $61.79 billion, a P/E ratio of 45.79, a PEG ratio of 3.24 and a beta of 0.96. The firm’s fifty day moving average price is $354.52 and its two-hundred day moving average price is $335.43. The company has a debt-to-equity ratio of 11.16, a current ratio of 1.19 and a quick ratio of 1.01.

Motorola Solutions (NYSE:MSIGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The communications equipment provider reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.29. The firm had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.34 billion. Motorola Solutions had a net margin of 13.64% and a return on equity of 398.16%. As a group, equities research analysts forecast that Motorola Solutions, Inc. will post 12.07 EPS for the current year.

Motorola Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 14th will be paid a $0.98 dividend. The ex-dividend date is Friday, June 14th. This represents a $3.92 dividend on an annualized basis and a yield of 1.06%. Motorola Solutions’s dividend payout ratio is presently 48.45%.

Insider Activity at Motorola Solutions

In related news, SVP James A. Niewiara sold 810 shares of the stock in a transaction on Tuesday, May 7th. The stock was 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, SVP James A. Niewiara sold 810 shares of the stock in a transaction on Tuesday, May 7th. The stock was 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Katherine A. Maher sold 2,615 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $354.68, for a total value of $927,488.20. Following the completion of the transaction, the chief accounting officer now directly owns 1,138 shares in the company, valued at approximately $403,625.84. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

Institutional Trading of Motorola Solutions

Institutional investors have recently added to or reduced their stakes in the business. Qube Research & Technologies Ltd boosted its position in Motorola Solutions by 61.1% during the third quarter. Qube Research & Technologies Ltd now owns 333,697 shares of the communications equipment provider’s stock valued at $90,846,000 after buying an additional 126,517 shares during the period. DekaBank Deutsche Girozentrale boosted its position in Motorola Solutions by 2.2% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 839,123 shares of the communications equipment provider’s stock valued at $260,204,000 after buying an additional 17,807 shares during the period. Corient Private Wealth LLC boosted its position in Motorola Solutions by 15.6% during the fourth quarter. Corient Private Wealth LLC now owns 24,237 shares of the communications equipment provider’s stock valued at $7,589,000 after buying an additional 3,278 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in Motorola Solutions by 29.8% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 20,036 shares of the communications equipment provider’s stock valued at $6,273,000 after buying an additional 4,594 shares during the period. Finally, Bank of Nova Scotia boosted its position in Motorola Solutions by 430.5% during the fourth quarter. Bank of Nova Scotia now owns 90,543 shares of the communications equipment provider’s stock valued at $28,347,000 after buying an additional 73,477 shares during the period. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

About Motorola Solutions

(Get Free Report)

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.

Read More

Receive News & Ratings for Motorola Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorola Solutions and related companies with MarketBeat.com's FREE daily email newsletter.