Motorola Solutions (NYSE:MSI) issued its quarterly earnings data on Thursday. The communications equipment provider reported $2.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.41 by $0.22, Fidelity Earnings reports. Motorola Solutions had a net margin of 13.17% and a negative return on equity of 79.55%. The company had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same period last year, the firm posted $2.10 EPS. Motorola Solutions’s revenue for the quarter was up 15.2% on a year-over-year basis.
Shares of MSI stock traded up $16.75 during mid-day trading on Friday, hitting $135.37. The stock had a trading volume of 4,429,306 shares, compared to its average volume of 976,086. Motorola Solutions has a fifty-two week low of $96.94 and a fifty-two week high of $136.78. The stock has a market capitalization of $19.39 billion, a PE ratio of 19.82, a price-to-earnings-growth ratio of 1.66 and a beta of 0.53.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Stockholders of record on Friday, December 14th were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.68%. The ex-dividend date was Thursday, December 13th. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.52. Motorola Solutions’s dividend payout ratio (DPR) is 33.38%.
Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in shares of Motorola Solutions by 0.5% in the 4th quarter. BlackRock Inc. now owns 18,635,987 shares of the communications equipment provider’s stock worth $2,143,884,000 after acquiring an additional 95,399 shares during the period. Vanguard Group Inc. lifted its stake in shares of Motorola Solutions by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 17,158,918 shares of the communications equipment provider’s stock worth $2,233,062,000 after acquiring an additional 280,698 shares during the period. Vanguard Group Inc lifted its stake in shares of Motorola Solutions by 1.7% in the 3rd quarter. Vanguard Group Inc now owns 17,158,918 shares of the communications equipment provider’s stock worth $2,233,062,000 after acquiring an additional 280,698 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in shares of Motorola Solutions by 10,544.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,378,307 shares of the communications equipment provider’s stock worth $38,000 after acquiring an additional 4,337,175 shares during the period. Finally, Parnassus Investments CA lifted its stake in shares of Motorola Solutions by 1.1% in the 4th quarter. Parnassus Investments CA now owns 4,265,162 shares of the communications equipment provider’s stock worth $490,664,000 after acquiring an additional 44,686 shares during the period. Institutional investors own 85.90% of the company’s stock.
Several research analysts have issued reports on the stock. ValuEngine raised shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Friday. Credit Suisse Group reissued a “buy” rating and set a $134.00 price objective on shares of Motorola Solutions in a research report on Wednesday, January 16th. Citigroup lowered their price objective on shares of Motorola Solutions from $146.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, November 2nd. Zacks Investment Research raised shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a research report on Wednesday, November 14th. Finally, Raymond James set a $136.00 price objective on shares of Motorola Solutions and gave the stock a “buy” rating in a research report on Monday, December 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $128.81.
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About Motorola Solutions
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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