Motorola Solutions (NYSE:MSI) Hits New 1-Year High at $426.00

Motorola Solutions, Inc. (NYSE:MSI)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $426.00 and last traded at $424.61, with a volume of 22016 shares changing hands. The stock had previously closed at $422.44.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on MSI shares. Deutsche Bank Aktiengesellschaft upped their price target on shares of Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Bank of America upped their target price on shares of Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Barclays raised their price target on Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. boosted their price objective on Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $437.40.

Motorola Solutions Stock Up 1.0 %

The business has a 50-day moving average of $394.33 and a 200 day moving average of $363.08. The company has a market capitalization of $71.17 billion, a PE ratio of 52.22, a P/E/G ratio of 3.48 and a beta of 0.94. The company has a debt-to-equity ratio of 11.16, a current ratio of 1.19 and a quick ratio of 1.01.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.01 by $0.23. The business had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.59 billion. Motorola Solutions had a return on equity of 378.15% and a net margin of 14.04%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.41 EPS. Equities research analysts predict that Motorola Solutions, Inc. will post 12.09 earnings per share for the current year.

Insider Buying and Selling at Motorola Solutions

In other news, SVP Rajan Naik sold 5,274 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $373.81, for a total value of $1,971,473.94. Following the sale, the senior vice president now directly owns 8,939 shares in the company, valued at approximately $3,341,487.59. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, SVP Rajan Naik sold 5,274 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $373.81, for a total value of $1,971,473.94. Following the completion of the sale, the senior vice president now directly owns 8,939 shares of the company’s stock, valued at approximately $3,341,487.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kenneth D. Denman sold 690 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $373.11, for a total value of $257,445.90. Following the completion of the sale, the director now owns 8,141 shares of the company’s stock, valued at $3,037,488.51. The disclosure for this sale can be found here. Insiders sold 29,949 shares of company stock worth $12,002,807 over the last 90 days. 1.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Motorola Solutions

Hedge funds have recently added to or reduced their stakes in the stock. Beacon Capital Management LLC lifted its stake in Motorola Solutions by 71.8% in the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 28 shares during the period. Range Financial Group LLC lifted its position in shares of Motorola Solutions by 2.0% in the 2nd quarter. Range Financial Group LLC now owns 1,424 shares of the communications equipment provider’s stock worth $550,000 after purchasing an additional 28 shares during the period. Pinnacle Associates Ltd. boosted its stake in shares of Motorola Solutions by 2.5% during the first quarter. Pinnacle Associates Ltd. now owns 1,228 shares of the communications equipment provider’s stock valued at $436,000 after purchasing an additional 30 shares in the last quarter. Rehmann Capital Advisory Group increased its holdings in Motorola Solutions by 1.0% during the first quarter. Rehmann Capital Advisory Group now owns 2,910 shares of the communications equipment provider’s stock valued at $1,033,000 after buying an additional 30 shares during the period. Finally, Forum Financial Management LP raised its stake in Motorola Solutions by 2.3% in the second quarter. Forum Financial Management LP now owns 1,350 shares of the communications equipment provider’s stock worth $521,000 after buying an additional 30 shares in the last quarter. 84.17% of the stock is currently owned by institutional investors.

About Motorola Solutions

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.