Motorola Solutions (MSI) Hits New 1-Year High at $121.69

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Shares of Motorola Solutions Inc (NYSE:MSI) hit a new 52-week high during trading on Tuesday . The company traded as high as $121.69 and last traded at $121.75, with a volume of 11651 shares changing hands. The stock had previously closed at $121.34.

A number of analysts have recently commented on the stock. Credit Suisse Group assumed coverage on shares of Motorola Solutions in a report on Wednesday, May 9th. They set an “outperform” rating and a $129.00 target price on the stock. Cowen upgraded shares of Motorola Solutions from a “market perform” rating to an “outperform” rating and set a $138.00 target price on the stock in a report on Wednesday, July 11th. BMO Capital Markets boosted their target price on shares of Motorola Solutions from $116.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, May 4th. Northcoast Research set a $120.00 target price on shares of Motorola Solutions and gave the company a “buy” rating in a report on Wednesday, April 11th. Finally, Zacks Investment Research cut shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, July 10th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Motorola Solutions currently has a consensus rating of “Buy” and a consensus price target of $123.83.

The company has a market capitalization of $19.58 billion, a PE ratio of 23.31, a PEG ratio of 2.30 and a beta of 0.31. The company has a debt-to-equity ratio of -3.45, a quick ratio of 1.03 and a current ratio of 1.17.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, May 3rd. The communications equipment provider reported $1.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.22. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Motorola Solutions had a negative net margin of 1.75% and a negative return on equity of 73.43%. equities analysts expect that Motorola Solutions Inc will post 6.55 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 13th. Investors of record on Friday, June 15th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend was Thursday, June 14th. Motorola Solutions’s payout ratio is 40.00%.

Institutional investors have recently made changes to their positions in the stock. MetLife Investment Advisors LLC bought a new position in Motorola Solutions in the 4th quarter worth about $4,528,000. DnB Asset Management AS boosted its stake in Motorola Solutions by 1.7% in the 2nd quarter. DnB Asset Management AS now owns 76,381 shares of the communications equipment provider’s stock worth $8,888,000 after purchasing an additional 1,300 shares in the last quarter. Dean Capital Investments Management LLC boosted its stake in Motorola Solutions by 73.8% in the 1st quarter. Dean Capital Investments Management LLC now owns 5,519 shares of the communications equipment provider’s stock worth $581,000 after purchasing an additional 2,344 shares in the last quarter. Leisure Capital Management bought a new position in Motorola Solutions in the 1st quarter worth about $261,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its stake in Motorola Solutions by 12.5% in the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 455,000 shares of the communications equipment provider’s stock worth $41,105,000 after purchasing an additional 50,700 shares in the last quarter. Institutional investors own 85.23% of the company’s stock.

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.

Read More: Earnings Per Share

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