MKM Partners Boosts Motorola Solutions (MSI) Price Target to $143.00

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Motorola Solutions (NYSE:MSI) had its price target upped by MKM Partners to $143.00 in a report released on Monday morning, The Fly reports. The brokerage currently has a neutral rating on the communications equipment provider’s stock.

A number of other research firms also recently issued reports on MSI. ValuEngine raised shares of Motorola Solutions from a hold rating to a buy rating in a research report on Friday, February 8th. Credit Suisse Group reissued a buy rating and set a $134.00 target price on shares of Motorola Solutions in a research report on Wednesday, January 16th. Zacks Investment Research raised shares of Motorola Solutions from a hold rating to a buy rating and set a $150.00 target price for the company in a research report on Wednesday, February 13th. Raymond James set a $160.00 target price on shares of Motorola Solutions and gave the stock a buy rating in a research report on Friday, May 3rd. Finally, BTIG Research increased their target price on shares of Motorola Solutions from $137.00 to $170.00 and gave the stock a buy rating in a research report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of Buy and an average target price of $138.68.

NYSE MSI opened at $143.05 on Monday. Motorola Solutions has a 12 month low of $105.41 and a 12 month high of $148.43. The stock has a market cap of $23.24 billion, a PE ratio of 20.94, a P/E/G ratio of 2.44 and a beta of 0.59.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, May 2nd. The communications equipment provider reported $1.28 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.20. Motorola Solutions had a net margin of 13.29% and a negative return on equity of 91.61%. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the prior year, the company posted $1.10 EPS. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. Sell-side analysts forecast that Motorola Solutions will post 7.35 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend was Thursday, March 14th. Motorola Solutions’s dividend payout ratio (DPR) is presently 33.38%.

In other Motorola Solutions news, CAO Daniel G. Pekofske sold 4,785 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $143.03, for a total value of $684,398.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark S. Hacker sold 54,712 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $140.75, for a total value of $7,700,714.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 153,092 shares of company stock valued at $21,478,871. Corporate insiders own 2.99% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MSI. Teachers Advisors LLC boosted its holdings in Motorola Solutions by 21.9% in the 3rd quarter. Teachers Advisors LLC now owns 1,012,288 shares of the communications equipment provider’s stock worth $131,739,000 after acquiring an additional 182,109 shares during the period. TIAA CREF Investment Management LLC boosted its holdings in Motorola Solutions by 19.6% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 2,283,035 shares of the communications equipment provider’s stock worth $297,114,000 after acquiring an additional 374,328 shares during the period. Nordea Investment Management AB boosted its holdings in Motorola Solutions by 1,775.1% in the 3rd quarter. Nordea Investment Management AB now owns 285,200 shares of the communications equipment provider’s stock worth $37,114,000 after acquiring an additional 269,990 shares during the period. Legal & General Group Plc boosted its holdings in Motorola Solutions by 6.9% in the 3rd quarter. Legal & General Group Plc now owns 982,431 shares of the communications equipment provider’s stock worth $127,810,000 after acquiring an additional 63,802 shares during the period. Finally, Morgan Stanley boosted its holdings in Motorola Solutions by 11.7% in the 3rd quarter. Morgan Stanley now owns 292,705 shares of the communications equipment provider’s stock worth $38,093,000 after acquiring an additional 30,712 shares during the period. Hedge funds and other institutional investors own 87.07% of the company’s stock.

Motorola Solutions Company Profile

Motorola Solutions, Inc provides mission-critical communication solutions the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Services and Software. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video solutions, as well as the implementation, optimization, and integration of networks, devices, software, and applications for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.

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Analyst Recommendations for Motorola Solutions (NYSE:MSI)

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