Motorola Solutions (MSI) Reaches New 1-Year High and Low at $110.93

Motorola Solutions (NYSE:MSI) shares reached a new 52-week high and low during mid-day trading on Tuesday . The stock traded as low as $110.93 and last traded at $110.26, with a volume of 338031 shares changing hands. The stock had previously closed at $108.92.

Several research analysts have issued reports on MSI shares. Zacks Investment Research cut Motorola Solutions from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Citigroup upped their price target on Motorola Solutions from $120.00 to $130.00 and gave the company a “buy” rating in a report on Friday, March 9th. Deutsche Bank raised Motorola Solutions from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a report on Friday, January 12th. Raymond James Financial started coverage on Motorola Solutions in a report on Friday, February 23rd. They issued an “outperform” rating on the stock. Finally, JPMorgan Chase started coverage on Motorola Solutions in a report on Friday, February 9th. They issued a “neutral” rating and a $115.00 price target on the stock. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Motorola Solutions currently has a consensus rating of “Buy” and an average price target of $114.58.

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The company has a current ratio of 1.35, a quick ratio of 1.24 and a debt-to-equity ratio of -2.56. The company has a market cap of $17,371.21, a PE ratio of 21.32, a price-to-earnings-growth ratio of 2.13 and a beta of 0.32.

Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, February 1st. The communications equipment provider reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.06. Motorola Solutions had a negative net margin of 2.43% and a negative return on equity of 75.81%. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the business earned $2.03 EPS. The company’s revenue was up 3.9% on a year-over-year basis. equities research analysts anticipate that Motorola Solutions will post 6.31 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 13th. Shareholders of record on Thursday, March 15th were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.88%. The ex-dividend date was Wednesday, March 14th. Motorola Solutions’s dividend payout ratio (DPR) is currently 40.00%.

In other Motorola Solutions news, CAO John K. Wozniak sold 45,577 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $104.90, for a total transaction of $4,781,027.30. Following the sale, the chief accounting officer now directly owns 20,099 shares of the company’s stock, valued at approximately $2,108,385.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Gregory Q. Brown sold 187,000 shares of the business’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $108.69, for a total transaction of $20,325,030.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 417,577 shares of company stock worth $45,285,857. Company insiders own 2.20% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC increased its stake in shares of Motorola Solutions by 60.5% in the third quarter. Cubist Systematic Strategies LLC now owns 11,919 shares of the communications equipment provider’s stock worth $1,012,000 after acquiring an additional 4,495 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Motorola Solutions by 9.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,217,974 shares of the communications equipment provider’s stock worth $200,372,000 after acquiring an additional 193,079 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Motorola Solutions by 2.9% in the fourth quarter. Arizona State Retirement System now owns 113,002 shares of the communications equipment provider’s stock worth $10,209,000 after acquiring an additional 3,160 shares during the last quarter. Exane Derivatives increased its stake in shares of Motorola Solutions by 19.2% in the fourth quarter. Exane Derivatives now owns 25,512 shares of the communications equipment provider’s stock worth $2,304,000 after acquiring an additional 4,117 shares during the last quarter. Finally, Twin Tree Management LP acquired a new position in shares of Motorola Solutions in the fourth quarter worth $420,000. 87.94% of the stock is currently owned by institutional investors and hedge funds.

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Motorola Solutions Company Profile

Motorola Solutions, Inc, together with its subsidiaries, provides mission-critical communication infrastructure, devices, accessories, software, and services in the United States, the United Kingdom, and internationally. The company operates in two segments, Products and Services. The Products segment offers a portfolio of infrastructure, devices, accessories, and software for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.

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