Motorola Solutions (NYSE:MSI) Lifted to Buy at StockNews.com

kopsource · Aug 6, 2022 20:32

StockNews.com upgraded shares of Motorola Solutions (NYSE:MSI – Get Rating) from a hold rating to a buy rating in a research note published on Friday.

MSI has been the topic of a number of other reports. Credit Suisse Group upped their price target on Motorola Solutions from $290.00 to $295.00 and gave the stock an outperform rating in a research note on Wednesday, June 22nd. Loop Capital started coverage on Motorola Solutions in a research note on Monday, April 25th. They issued a buy rating and a $295.00 price objective on the stock. Finally, Morgan Stanley upgraded Motorola Solutions from an equal weight rating to an overweight rating and set a $240.00 price objective on the stock in a research note on Monday, May 23rd. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Motorola Solutions currently has a consensus rating of Moderate Buy and a consensus price target of $282.75.

Get Motorola Solutions alerts:

Motorola Solutions Stock Performance

Shares of Motorola Solutions stock opened at $250.21 on Friday. The firm has a market capitalization of $41.86 billion, a price-to-earnings ratio of 36.11, a PEG ratio of 2.96 and a beta of 0.92. Motorola Solutions has a fifty-two week low of $195.18 and a fifty-two week high of $273.65. The stock has a 50 day moving average of $217.66 and a 200 day moving average of $222.26.

Motorola Solutions (NYSE:MSI – Get Rating) last issued its quarterly earnings data on Thursday, August 4th. The communications equipment provider reported $2.07 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.20. Motorola Solutions had a negative return on equity of 752.91% and a net margin of 14.22%. The company had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same period in the prior year, the business posted $1.94 earnings per share. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. Analysts forecast that Motorola Solutions will post 9.01 EPS for the current year.

Motorola Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Wednesday, June 15th were issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Tuesday, June 14th. Motorola Solutions's dividend payout ratio (DPR) is 45.60%.

Insiders Place Their Bets

In other Motorola Solutions news, CEO Gregory Q. Brown sold 25,000 shares of Motorola Solutions stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $219.75, for a total transaction of $5,493,750.00. Following the completion of the sale, the chief executive officer now directly owns 35,348 shares of the company's stock, valued at approximately $7,767,723. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.85% of the stock is owned by company insiders.

Institutional Trading of Motorola Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank acquired a new position in Motorola Solutions in the 4th quarter valued at about $437,475,000. Capital World Investors increased its position in Motorola Solutions by 13.0% during the 1st quarter. Capital World Investors now owns 11,476,578 shares of the communications equipment provider's stock worth $2,779,627,000 after purchasing an additional 1,322,729 shares during the period. Vanguard Group Inc. increased its position in Motorola Solutions by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 19,827,404 shares of the communications equipment provider's stock worth $4,802,197,000 after purchasing an additional 1,279,798 shares during the period. BlackRock Inc. increased its position in Motorola Solutions by 4.5% during the 4th quarter. BlackRock Inc. now owns 14,324,480 shares of the communications equipment provider's stock worth $3,891,960,000 after purchasing an additional 616,253 shares during the period. Finally, Ceredex Value Advisors LLC boosted its stake in shares of Motorola Solutions by 58.8% during the 1st quarter. Ceredex Value Advisors LLC now owns 963,784 shares of the communications equipment provider's stock worth $234,185,000 after acquiring an additional 356,891 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company's stock.

Motorola Solutions Company Profile

(Get Rating)

Motorola Solutions, Inc provides mission critical communications and analytics 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.