Motorola Solutions (NYSE:MSI) Reaches New 52-Week High at $392.34

Motorola Solutions, Inc. (NYSE:MSI)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $392.34 and last traded at $391.27, with a volume of 156226 shares. The stock had previously closed at $390.57.

Analysts Set New Price Targets

Several research firms have recently commented on MSI. Barclays upped their price target on Motorola Solutions from $362.00 to $372.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. JPMorgan Chase & Co. upped their price target on Motorola Solutions from $400.00 to $405.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Evercore ISI began coverage on shares of Motorola Solutions in a research note on Monday, March 25th. They set an “outperform” rating and a $400.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Motorola Solutions from $375.00 to $385.00 and gave the stock a “buy” rating in a research note on Monday, June 3rd. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $358.86.

Motorola Solutions Stock Performance

The stock has a market capitalization of $64.83 billion, a price-to-earnings ratio of 48.34, a PEG ratio of 3.42 and a beta of 0.94. The stock’s 50 day moving average is $372.61 and its 200 day moving average is $346.32. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 11.16.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, May 2nd. The communications equipment provider reported $2.56 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.29. The firm had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.34 billion. Motorola Solutions had a net margin of 13.64% and a return on equity of 398.16%. On average, analysts predict that Motorola Solutions, Inc. will post 12.07 earnings per share for the current year.

Motorola Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 14th will be paid a $0.98 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $3.92 dividend on an annualized basis and a yield of 1.01%. Motorola Solutions’s payout ratio is 48.45%.

Insider Activity at Motorola Solutions

In other Motorola Solutions news, Director Kenneth D. Denman sold 690 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $373.11, for a total value of $257,445.90. Following the transaction, the director now directly owns 8,141 shares in the company, valued at approximately $3,037,488.51. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Motorola Solutions news, SVP Rajan Naik sold 5,274 shares of the company’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 transaction, 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 available through the SEC website. Also, Director Kenneth D. Denman sold 690 shares of the company’s 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 completion of the transaction, the director now owns 8,141 shares in the company, valued at $3,037,488.51. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,389 shares of company stock valued at $3,446,461. Insiders own 1.26% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Norges Bank purchased a new position in Motorola Solutions in the fourth quarter valued at approximately $646,341,000. Alphinity Investment Management Pty Ltd purchased a new position in Motorola Solutions in the fourth quarter valued at approximately $339,283,000. Groupama Asset Managment purchased a new position in Motorola Solutions in the fourth quarter valued at approximately $178,361,000. Janus Henderson Group PLC raised its holdings in Motorola Solutions by 1,477.3% in the first quarter. Janus Henderson Group PLC now owns 358,206 shares of the communications equipment provider’s stock valued at $127,149,000 after buying an additional 335,496 shares during the period. Finally, Swedbank AB purchased a new position in Motorola Solutions in the first quarter valued at approximately $115,135,000. 84.17% of the stock is currently owned by hedge funds and other 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.