Motorola Solutions (NYSE:MSI) Reaches New 12-Month High at $330.93

Motorola Solutions, Inc. (NYSE:MSIGet Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $330.93 and last traded at $328.62, with a volume of 28980 shares traded. The stock had previously closed at $329.47.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Motorola Solutions in a research report on Friday, January 19th. They issued a “buy” rating and a $350.00 price target on the stock. Bank of America started coverage on shares of Motorola Solutions in a research report on Monday, October 9th. They set a “buy” rating and a $330.00 target price on the stock. StockNews.com lowered shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, November 11th. Finally, Barclays increased their price target on shares of Motorola Solutions from $333.00 to $352.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $328.29.

View Our Latest Stock Analysis on Motorola Solutions

Motorola Solutions Trading Down 0.8 %

The firm has a market capitalization of $54.13 billion, a P/E ratio of 32.97, a price-to-earnings-growth ratio of 2.73 and a beta of 0.90. The company has a quick ratio of 0.77, a current ratio of 0.95 and a debt-to-equity ratio of 12.51. The firm’s 50-day simple moving average is $317.98 and its 200-day simple moving average is $297.13.

Motorola Solutions (NYSE:MSIGet Free Report) last posted its quarterly earnings results on Thursday, November 2nd. The communications equipment provider reported $2.97 EPS for the quarter, topping the consensus estimate of $2.79 by $0.18. The firm had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.53 billion. Motorola Solutions had a net margin of 17.30% and a return on equity of 668.00%. The business’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $2.79 earnings per share. Analysts anticipate that Motorola Solutions, Inc. will post 10.69 EPS for the current year.

Motorola Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 15th were paid a dividend of $0.98 per share. The ex-dividend date was Thursday, December 14th. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.88. This represents a $3.92 annualized dividend and a dividend yield of 1.20%. Motorola Solutions’s dividend payout ratio (DPR) is 39.64%.

Insider Buying and Selling

In related news, CEO Gregory Q. Brown sold 65,000 shares of Motorola Solutions stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $305.27, for a total value of $19,842,550.00. Following the transaction, the chief executive officer now directly owns 62,105 shares of the company’s stock, valued at $18,958,793.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Gregory Q. Brown sold 65,000 shares of Motorola Solutions stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $305.27, for a total value of $19,842,550.00. Following the sale, the chief executive officer now owns 62,105 shares in the company, valued at $18,958,793.35. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Jason J. Winkler sold 5,656 shares of Motorola Solutions stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $305.29, for a total transaction of $1,726,720.24. Following the completion of the sale, the chief financial officer now owns 6,732 shares in the company, valued at approximately $2,055,212.28. The disclosure for this sale can be found here. Insiders have sold a total of 76,506 shares of company stock valued at $23,359,370 over the last three months. 1.50% of the stock is owned by company insiders.

Institutional Trading of Motorola Solutions

A number of hedge funds have recently modified their holdings of the business. Albion Financial Group UT boosted its stake in Motorola Solutions by 3,633.3% in the 2nd quarter. Albion Financial Group UT now owns 112 shares of the communications equipment provider’s stock worth $33,000 after purchasing an additional 109 shares in the last quarter. Cornerstone Planning Group LLC purchased a new position in Motorola Solutions in the 2nd quarter worth about $33,000. Strategic Investment Solutions Inc. IL purchased a new position in Motorola Solutions in the 1st quarter worth about $35,000. Eagle Bay Advisors LLC purchased a new position in Motorola Solutions in the 2nd quarter worth about $35,000. Finally, Tortoise Investment Management LLC raised its position in Motorola Solutions by 1,140.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 124 shares of the communications equipment provider’s stock worth $36,000 after buying an additional 114 shares during the last quarter. Institutional investors own 82.37% of the company’s stock.

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.

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