Motorola Solutions (MSI) Reaches New 52-Week High at $150.28
Motorola Solutions Inc (NYSE:MSI) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $150.28 and last traded at $150.28, with a volume of 2487 shares. The stock had previously closed at $148.73.
Several equities research analysts have issued reports on MSI shares. TheStreet raised Motorola Solutions from a “c+” rating to a “b-” rating in a research note on Tuesday, February 26th. Zacks Investment Research raised Motorola Solutions from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a research note on Friday, May 10th. ValuEngine raised Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Friday, February 8th. Deutsche Bank lifted their price target on Motorola Solutions to $150.00 and gave the stock a “buy” rating in a research note on Friday, February 8th. Finally, Raymond James set a $139.00 price target on Motorola Solutions and gave the stock a “buy” rating in a research note on Friday, February 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $139.39.
The company has a market cap of $24.51 billion, a price-to-earnings ratio of 22.03, a PEG ratio of 2.62 and a beta of 0.59.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 14th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Thursday, June 13th. Motorola Solutions’s dividend payout ratio (DPR) is presently 33.38%.
In related news, EVP Mark S. Hacker sold 54,712 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $140.75, for a total transaction of $7,700,714.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Gregory Q. Brown sold 21,600 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $146.93, for a total value of $3,173,688.00. The disclosure for this sale can be found here. In the last three months, insiders sold 94,697 shares of company stock valued at $13,499,657. 2.99% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in MSI. Truvestments Capital LLC purchased a new position in Motorola Solutions during the 1st quarter valued at about $28,000. Reilly Financial Advisors LLC increased its holdings in Motorola Solutions by 386.0% during the 1st quarter. Reilly Financial Advisors LLC now owns 418 shares of the communications equipment provider’s stock valued at $28,000 after purchasing an additional 332 shares during the period. Institutional & Family Asset Management LLC increased its holdings in Motorola Solutions by 100.0% during the 1st quarter. Institutional & Family Asset Management LLC now owns 200 shares of the communications equipment provider’s stock valued at $28,000 after purchasing an additional 100 shares during the period. Liberty Wealth Management LLC purchased a new position in Motorola Solutions during the 4th quarter valued at about $32,000. Finally, Exane Asset Management purchased a new position in Motorola Solutions during the 4th quarter valued at about $35,000. Institutional investors own 84.42% of the company’s stock.
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Motorola Solutions Company Profile (NYSE:MSI)
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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