Motorola Solutions, Inc. (MSI) To Go Ex-Dividend on September 13th

Motorola Solutions, Inc. (NYSE:MSI) announced a quarterly dividend on Monday, August 26th, Wall Street Journal reports. Investors of record on Friday, September 13th will be given a dividend of 0.98 per share by the communications equipment provider on Tuesday, October 15th. This represents a $3.92 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Friday, September 13th.

Motorola Solutions has increased its dividend payment by an average of 11.2% annually over the last three years and has increased its dividend every year for the last 12 years. Motorola Solutions has a dividend payout ratio of 27.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Motorola Solutions to earn $13.09 per share next year, which means the company should continue to be able to cover its $3.92 annual dividend with an expected future payout ratio of 29.9%.

Motorola Solutions Trading Up 0.3 %

Shares of MSI stock traded up $1.30 during trading hours on Wednesday, hitting $433.66. 141,721 shares of the company were exchanged, compared to its average volume of 660,344. The firm has a market cap of $72.33 billion, a PE ratio of 53.77, a PEG ratio of 3.48 and a beta of 0.94. Motorola Solutions has a 1 year low of $269.64 and a 1 year high of $436.45. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 11.16. The firm has a fifty day moving average of $399.25 and a 200 day moving average of $366.62.

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

Analyst Ratings Changes

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

Insider Activity at Motorola Solutions

In other Motorola Solutions news, COO John P. Molloy sold 23,985 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $407.50, for a total transaction of $9,773,887.50. Following the completion of the transaction, the chief operating officer now owns 46,821 shares in the company, valued at approximately $19,079,557.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, SVP Rajan Naik sold 5,274 shares of the business’s stock in a transaction dated 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 sale, the senior vice president now directly owns 8,939 shares in the company, valued at approximately $3,341,487.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO John P. Molloy sold 23,985 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $407.50, for a total transaction of $9,773,887.50. Following the transaction, the chief operating officer now directly owns 46,821 shares of the company’s stock, valued at approximately $19,079,557.50. The disclosure for this sale can be found here. Insiders sold a total of 29,949 shares of company stock worth $12,002,807 in the last quarter. 1.50% of the stock is owned by insiders.

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.