Motorola Solutions, Inc. (NYSE:MSI) – Analysts at Northcoast Research increased their Q2 2017 EPS estimates for shares of Motorola Solutions in a report released on Tuesday. Northcoast Research analyst K. Housum now expects that the firm will post earnings of $1.00 per share for the quarter, up from their prior estimate of $0.97. Northcoast Research also issued estimates for Motorola Solutions’ Q3 2017 earnings at $1.34 EPS, Q4 2017 earnings at $1.91 EPS and FY2017 earnings at $4.78 EPS.
Several other research analysts have also recently weighed in on the company. Zacks Investment Research cut Motorola Solutions from a “buy” rating to a “sell” rating in a research note on Wednesday, January 4th. Credit Suisse Group restated a “buy” rating and issued a $80.00 price target on shares of Motorola Solutions in a research note on Friday, November 4th. Finally, BMO Capital Markets upgraded Motorola Solutions from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $72.00 to $84.00 in a research note on Wednesday, October 12th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $76.00.
Shares of Motorola Solutions (NYSE:MSI) traded up 0.57% during trading on Wednesday, hitting $81.19. The stock had a trading volume of 268,286 shares. The stock has a market capitalization of $13.47 billion, a price-to-earnings ratio of 23.96 and a beta of 0.44. The firm has a 50 day moving average price of $82.59 and a 200-day moving average price of $76.29. Motorola Solutions has a 52 week low of $59.13 and a 52 week high of $87.55.
Hedge funds have recently added to or reduced their stakes in the stock. Nordea Investment Management AB raised its position in Motorola Solutions by 4.9% in the second quarter. Nordea Investment Management AB now owns 5,261 shares of the company’s stock worth $347,000 after buying an additional 248 shares during the period. Bank of Montreal Can acquired a new position in Motorola Solutions during the second quarter worth $28,861,000. Pitcairn Co. raised its position in Motorola Solutions by 15.7% in the second quarter. Pitcairn Co. now owns 15,305 shares of the company’s stock worth $1,010,000 after buying an additional 2,080 shares during the period. Strs Ohio raised its position in Motorola Solutions by 78.9% in the second quarter. Strs Ohio now owns 22,499 shares of the company’s stock worth $1,484,000 after buying an additional 9,920 shares during the period. Finally, Conning Inc. raised its position in Motorola Solutions by 1.1% in the second quarter. Conning Inc. now owns 6,359 shares of the company’s stock worth $420,000 after buying an additional 70 shares during the period. 83.89% of the stock is owned by institutional investors and hedge funds.
In other Motorola Solutions news, Chairman Gregory Q. Brown sold 95,235 shares of the business’s stock in a transaction dated Monday, December 12th. The stock was sold at an average price of $82.40, for a total transaction of $7,847,364.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.55% of the company’s stock.
The business also recently declared a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Thursday, December 15th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.33%. The ex-dividend date was Tuesday, December 13th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.41. Motorola Solutions’s payout ratio is currently 55.13%.
About Motorola Solutions
Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. Its Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines, including Devices and Systems.