Motorola Solutions (MSI) Given a $120.00 Price Target at Northcoast Research

Northcoast Research set a $120.00 price target on Motorola Solutions (NYSE:MSI) in a research note published on Wednesday. The firm currently has a buy rating on the communications equipment provider’s stock. Northcoast Research also issued estimates for Motorola Solutions’ Q3 2018 earnings at $1.79 EPS, Q4 2018 earnings at $2.56 EPS and FY2018 earnings at $6.41 EPS.

A number of other research analysts have also recently commented on the stock. ValuEngine raised shares of Motorola Solutions from a hold rating to a buy rating in a research report on Thursday, March 1st. Jefferies Group reissued a buy rating on shares of Motorola Solutions in a research report on Thursday, March 1st. MKM Partners boosted their target price on shares of Motorola Solutions to $116.00 and gave the stock a neutral rating in a research report on Monday, February 5th. Citigroup boosted their target price on shares of Motorola Solutions from $104.00 to $112.00 and gave the stock a buy rating in a research report on Wednesday, January 24th. Finally, Zacks Investment Research raised shares of Motorola Solutions from a hold rating to a buy rating and set a $108.00 target price on the stock in a research report on Wednesday, January 17th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $114.58.

MSI opened at $107.63 on Wednesday. The company has a quick ratio of 1.24, a current ratio of 1.35 and a debt-to-equity ratio of -2.56. Motorola Solutions has a 52-week low of $79.63 and a 52-week high of $110.29. The company has a market cap of $17,348.62, a price-to-earnings ratio of 20.72, a price-to-earnings-growth ratio of 2.13 and a beta of 0.32.



Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, February 1st. The communications equipment provider reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.06. Motorola Solutions had a negative net margin of 2.43% and a negative return on equity of 75.81%. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the firm earned $2.03 earnings per share. Motorola Solutions’s revenue for the quarter was up 3.9% on a year-over-year basis. research analysts predict that Motorola Solutions will post 6.3 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 15th will be issued a $0.52 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $2.08 annualized dividend and a yield of 1.93%. Motorola Solutions’s dividend payout ratio is presently 40.00%.

In related news, EVP Mark S. Hacker sold 7,411 shares of the company’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $95.00, for a total value of $704,045.00. Following the sale, the executive vice president now directly owns 16,396 shares of the company’s stock, valued at $1,557,620. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO John K. Wozniak sold 45,577 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $104.90, for a total transaction of $4,781,027.30. Following the completion of the sale, the chief accounting officer now directly owns 20,099 shares in the company, valued at $2,108,385.10. The disclosure for this sale can be found here. Insiders sold 424,988 shares of company stock worth $45,989,902 over the last ninety days. 2.20% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Ladenburg Thalmann Financial Services Inc. raised its holdings in Motorola Solutions by 3.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 16,074 shares of the communications equipment provider’s stock valued at $1,452,000 after acquiring an additional 479 shares in the last quarter. New Mexico Educational Retirement Board raised its holdings in Motorola Solutions by 3.3% in the fourth quarter. New Mexico Educational Retirement Board now owns 15,653 shares of the communications equipment provider’s stock valued at $1,414,000 after acquiring an additional 500 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Motorola Solutions by 4.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 13,450 shares of the communications equipment provider’s stock valued at $1,215,000 after acquiring an additional 517 shares in the last quarter. First Manhattan Co. raised its holdings in Motorola Solutions by 2.2% in the fourth quarter. First Manhattan Co. now owns 25,890 shares of the communications equipment provider’s stock valued at $2,338,000 after acquiring an additional 564 shares in the last quarter. Finally, Cibc Bank USA raised its holdings in Motorola Solutions by 9.1% in the fourth quarter. Cibc Bank USA now owns 7,612 shares of the communications equipment provider’s stock valued at $688,000 after acquiring an additional 637 shares in the last quarter. 87.93% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Motorola Solutions (NYSE:MSI)

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