Gabelli Lowers Motorola Solutions (MSI) to Hold

Gabelli cut shares of Motorola Solutions (NYSE:MSI) from a buy rating to a hold rating in a research report sent to investors on Monday morning, Marketbeat reports. The analysts noted that the move was a valuation call.

Other equities analysts have also issued reports about the stock. Jefferies Financial Group raised their target price on shares of Motorola Solutions from $140.00 to $145.00 and gave the stock a buy rating in a research report on Tuesday, August 28th. Zacks Investment Research lowered shares of Motorola Solutions from a buy rating to a hold rating in a research report on Monday, October 8th. Citigroup raised their target price on shares of Motorola Solutions from $130.00 to $146.00 and gave the stock a buy rating in a research report on Tuesday, September 25th. Credit Suisse Group set a $129.00 target price on shares of Motorola Solutions and gave the stock a buy rating in a research report on Tuesday, July 17th. Finally, Cowen raised shares of Motorola Solutions from a market perform rating to an outperform rating and set a $138.00 target price on the stock in a research report on Wednesday, July 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $134.54.

Shares of NYSE:MSI traded down $0.71 during trading on Monday, reaching $127.96. 2,558 shares of the company were exchanged, compared to its average volume of 987,907. The firm has a market cap of $20.59 billion, a PE ratio of 24.57, a price-to-earnings-growth ratio of 1.97 and a beta of 0.46. Motorola Solutions has a 12-month low of $89.18 and a 12-month high of $131.48.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, November 1st. The communications equipment provider reported $1.94 EPS for the quarter, topping the Zacks’ consensus estimate of $1.72 by $0.22. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.87 billion. Motorola Solutions had a negative net margin of 0.44% and a negative return on equity of 68.88%. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period last year, the company posted $1.53 earnings per share. On average, sell-side analysts expect that Motorola Solutions will post 6.66 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 14th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.63%. The ex-dividend date was Thursday, September 13th. Motorola Solutions’s payout ratio is 40.00%.

In related news, CAO Daniel G. Pekofske sold 3,132 shares of Motorola Solutions stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of $123.12, for a total transaction of $385,611.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Mark S. Hacker sold 102,628 shares of Motorola Solutions stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $127.01, for a total transaction of $13,034,782.28. Following the transaction, the executive vice president now directly owns 56,259 shares in the company, valued at $7,145,455.59. The disclosure for this sale can be found here. Over the last three months, insiders have sold 937,189 shares of company stock worth $118,199,900. 2.20% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the stock. Swiss National Bank boosted its stake in Motorola Solutions by 12.2% in the third quarter. Swiss National Bank now owns 984,978 shares of the communications equipment provider’s stock valued at $128,185,000 after acquiring an additional 107,100 shares in the last quarter. Norinchukin Bank The boosted its stake in Motorola Solutions by 12.6% in the third quarter. Norinchukin Bank The now owns 21,640 shares of the communications equipment provider’s stock valued at $2,816,000 after acquiring an additional 2,420 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Motorola Solutions by 711.0% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 7,307 shares of the communications equipment provider’s stock valued at $951,000 after acquiring an additional 6,406 shares in the last quarter. MML Investors Services LLC boosted its stake in Motorola Solutions by 72.8% in the third quarter. MML Investors Services LLC now owns 15,455 shares of the communications equipment provider’s stock valued at $2,011,000 after acquiring an additional 6,509 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its stake in Motorola Solutions by 25.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 42,046 shares of the communications equipment provider’s stock valued at $5,472,000 after acquiring an additional 8,457 shares in the last quarter. 86.55% of the stock is currently owned by institutional investors.

Motorola Solutions Company Profile

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.

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Analyst Recommendations for Motorola Solutions (NYSE:MSI)

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