Deutsche Bank Boosts Motorola Solutions (MSI) Price Target to $140.00

Motorola Solutions (NYSE:MSI) had its price objective upped by Deutsche Bank from $135.00 to $140.00 in a research note issued to investors on Monday morning. The brokerage currently has a buy rating on the communications equipment provider’s stock.

Several other equities research analysts also recently commented on the stock. Jefferies Financial Group upped their price target on shares of Motorola Solutions to $140.00 and gave the company a buy rating in a research report on Monday, July 23rd. Zacks Investment Research upgraded shares of Motorola Solutions from a hold rating to a buy rating and set a $137.00 price target for the company in a research report on Tuesday, July 24th. JPMorgan Chase & Co. reduced their price target on shares of Motorola Solutions from $130.00 to $126.00 and set a sell rating for the company in a research report on Friday, November 2nd. Credit Suisse Group set a $137.00 price target on shares of Motorola Solutions and gave the company a buy rating in a research report on Monday, August 20th. Finally, Citigroup reduced their price target on shares of Motorola Solutions from $146.00 to $145.00 and set a buy rating for the company in a research report on Friday, November 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $134.54.

MSI stock traded down $0.95 on Monday, hitting $128.64. 8,167 shares of the company’s stock traded hands, compared to its average volume of 987,907. Motorola Solutions has a 1-year low of $89.18 and a 1-year high of $131.48. The firm has a market cap of $20.59 billion, a PE ratio of 24.80, a P/E/G ratio of 1.97 and a beta of 0.46.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, November 1st. The communications equipment provider reported $1.94 EPS for the quarter, beating the consensus estimate of $1.72 by $0.22. Motorola Solutions had a negative net margin of 0.44% and a negative return on equity of 68.88%. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the business earned $1.53 earnings per share. The business’s quarterly revenue was up 13.2% on a year-over-year basis. Equities analysts forecast that Motorola Solutions will post 6.66 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 14th were given a $0.52 dividend. The ex-dividend date was Thursday, September 13th. This represents a $2.08 dividend on an annualized basis and a yield of 1.62%. Motorola Solutions’s payout ratio is 40.00%.

In other Motorola Solutions news, CEO Cynthia Yazdi sold 735 shares of the stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $124.70, for a total value of $91,654.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark S. Hacker sold 160,417 shares of the stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $124.06, for a total transaction of $19,901,333.02. Following the completion of the sale, the executive vice president now owns 166,464 shares of the company’s stock, valued at approximately $20,651,523.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 937,924 shares of company stock valued at $118,291,554. Insiders own 2.20% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in MSI. Allianz Asset Management GmbH increased its stake in shares of Motorola Solutions by 13.7% during the 1st quarter. Allianz Asset Management GmbH now owns 316,836 shares of the communications equipment provider’s stock worth $33,363,000 after purchasing an additional 38,208 shares during the last quarter. Brown Advisory Inc. increased its stake in shares of Motorola Solutions by 112.5% during the 1st quarter. Brown Advisory Inc. now owns 5,186 shares of the communications equipment provider’s stock worth $546,000 after purchasing an additional 2,745 shares during the last quarter. IFM Investors Pty Ltd increased its stake in shares of Motorola Solutions by 39.9% during the 2nd quarter. IFM Investors Pty Ltd now owns 7,682 shares of the communications equipment provider’s stock worth $894,000 after purchasing an additional 2,189 shares during the last quarter. State of Alaska Department of Revenue increased its stake in shares of Motorola Solutions by 278.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 130,588 shares of the communications equipment provider’s stock worth $15,193,000 after purchasing an additional 96,070 shares during the last quarter. Finally, Xact Kapitalforvaltning AB increased its stake in shares of Motorola Solutions by 4.8% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 17,151 shares of the communications equipment provider’s stock worth $1,996,000 after purchasing an additional 787 shares during the last quarter. Institutional investors own 86.55% 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.

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