Motorola Solutions (NYSE:MSI) Sets New 12-Month High at $413.61

Motorola Solutions, Inc. (NYSE:MSI)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $413.61 and last traded at $412.95, with a volume of 47984 shares traded. The stock had previously closed at $410.76.

Wall Street Analyst Weigh In

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

Motorola Solutions Price Performance

The company has a debt-to-equity ratio of 11.16, a quick ratio of 1.01 and a current ratio of 1.19. The business has a 50 day moving average price of $390.36 and a 200-day moving average price of $360.36. The company has a market capitalization of $68.72 billion, a price-to-earnings ratio of 50.93, a P/E/G ratio of 3.48 and a beta of 0.94.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share for the quarter, topping analysts’ consensus estimates of $3.01 by $0.23. The business had revenue of $2.63 billion during 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 firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.41 earnings per share. Research analysts predict that Motorola Solutions, Inc. will post 12.09 EPS for the current fiscal year.

Insider Buying and Selling

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

Institutional Investors Weigh In On Motorola Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank bought a new stake in Motorola Solutions during the 4th quarter worth approximately $646,341,000. Swedbank AB boosted its position in shares of Motorola Solutions by 215.7% during the second quarter. Swedbank AB now owns 1,023,956 shares of the communications equipment provider’s stock valued at $395,298,000 after buying an additional 699,615 shares during the last quarter. Wulff Hansen & CO. grew its holdings in Motorola Solutions by 38,505.0% during the second quarter. Wulff Hansen & CO. now owns 696,434 shares of the communications equipment provider’s stock worth $268,858,000 after buying an additional 694,630 shares in the last quarter. Groupama Asset Managment bought a new stake in Motorola Solutions during the fourth quarter worth $178,361,000. Finally, National Bank of Canada FI raised its position in Motorola Solutions by 428.2% in the 2nd quarter. National Bank of Canada FI now owns 501,601 shares of the communications equipment provider’s stock valued at $193,798,000 after buying an additional 406,638 shares during the last quarter. 84.17% of the stock is 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.