Motorola Solutions (NYSE:MSI) Earns “Buy” Rating from Credit Suisse Group

Credit Suisse Group reissued their buy rating on shares of Motorola Solutions (NYSE:MSI) in a research note issued to investors on Tuesday, AnalystRatings.com reports. Credit Suisse Group currently has a $189.00 target price on the communications equipment provider’s stock.

Several other equities analysts have also recently commented on the stock. MKM Partners raised their target price on shares of Motorola Solutions to $170.00 in a research note on Friday, August 2nd. Northcoast Research cut shares of Motorola Solutions from a buy rating to a neutral rating and set a $171.53 price objective on the stock. in a research note on Wednesday, July 17th. Barclays assumed coverage on shares of Motorola Solutions in a research note on Wednesday, August 7th. They issued an overweight rating and a $195.00 price objective on the stock. Argus lifted their price objective on shares of Motorola Solutions from $165.00 to $190.00 and gave the stock a buy rating in a research note on Wednesday, July 17th. Finally, Zacks Investment Research cut shares of Motorola Solutions from a buy rating to a hold rating and set a $177.00 price objective on the stock. in a research note on Wednesday, July 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $164.93.

Motorola Solutions stock traded up $1.24 during trading hours on Tuesday, hitting $167.38. 14,574 shares of the company traded hands, compared to its average volume of 1,027,042. The firm has a market cap of $27.59 billion, a P/E ratio of 24.57, a P/E/G ratio of 2.92 and a beta of 0.58. The firm’s 50-day simple moving average is $174.00 and its two-hundred day simple moving average is $156.94. Motorola Solutions has a 1-year low of $108.25 and a 1-year high of $182.28.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, August 1st. The communications equipment provider reported $1.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.17. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Motorola Solutions had a net margin of 13.47% and a negative return on equity of 105.22%. Motorola Solutions’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company earned $1.46 EPS. Analysts anticipate that Motorola Solutions will post 7.35 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $2.28 annualized dividend and a dividend yield of 1.36%. Motorola Solutions’s dividend payout ratio is currently 33.38%.

In other news, EVP Kelly S. Mark sold 48,500 shares of Motorola Solutions stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $171.47, for a total value of $8,316,295.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Gregory Q. Brown sold 85,471 shares of Motorola Solutions stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $177.99, for a total transaction of $15,212,983.29. The disclosure for this sale can be found here. Insiders sold a total of 5,958,449 shares of company stock worth $1,047,392,724 in the last ninety days. Corporate insiders own 2.99% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in MSI. Invesco Ltd. increased its position in shares of Motorola Solutions by 233.8% in the second quarter. Invesco Ltd. now owns 5,470,553 shares of the communications equipment provider’s stock worth $912,106,000 after acquiring an additional 3,831,921 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in Motorola Solutions by 26,116.9% in the second quarter. Nuveen Asset Management LLC now owns 3,265,834 shares of the communications equipment provider’s stock valued at $544,512,000 after acquiring an additional 3,253,377 shares during the last quarter. Coatue Management LLC lifted its stake in Motorola Solutions by 1,019.9% in the second quarter. Coatue Management LLC now owns 1,712,277 shares of the communications equipment provider’s stock valued at $285,488,000 after acquiring an additional 1,559,377 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Motorola Solutions by 29.4% in the second quarter. Price T Rowe Associates Inc. MD now owns 6,015,325 shares of the communications equipment provider’s stock valued at $1,002,935,000 after acquiring an additional 1,367,124 shares during the last quarter. Finally, LLBH Private Wealth Management LLC acquired a new stake in Motorola Solutions in the second quarter valued at approximately $107,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Motorola Solutions Company Profile

Motorola Solutions, Inc provides mission-critical communication solutions the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Services and Software. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video solutions, as well as the implementation, optimization, and integration of networks, devices, software, and applications 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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