Motorola Solutions (NYSE:MSI) Hits New 52-Week High at $433.06

Motorola Solutions, Inc. (NYSE:MSI)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $433.06 and last traded at $433.06, with a volume of 1358 shares. The stock had previously closed at $430.40.

Analyst Ratings Changes

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

Motorola Solutions Stock Performance

The stock has a market capitalization of $71.85 billion, a price-to-earnings ratio of 53.20, a PEG ratio of 3.48 and a beta of 0.94. 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 firm’s 50 day moving average is $398.30 and its 200-day moving average is $365.90.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data 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. Motorola Solutions had a net margin of 14.04% and a return on equity of 378.15%. The business had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter in the prior year, the firm posted $2.41 earnings per share. The company’s revenue was up 9.4% compared to the same quarter last year. Analysts forecast that Motorola Solutions, Inc. will post 12.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Kenneth D. Denman sold 690 shares of the company’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 transaction, the director now directly owns 8,141 shares of the company’s stock, valued at approximately $3,037,488.51. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Director Kenneth D. Denman sold 690 shares of Motorola Solutions 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 sale, the director now owns 8,141 shares in the company, valued at $3,037,488.51. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO John P. Molloy sold 23,985 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was 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 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. Over the last 90 days, insiders have sold 29,949 shares of company stock worth $12,002,807. 1.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System grew its holdings in shares of Motorola Solutions by 8.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 189,360 shares of the communications equipment provider’s stock worth $67,219,000 after buying an additional 15,488 shares in the last quarter. Corient Private Wealth LLC grew its stake in Motorola Solutions by 15.6% during the 4th quarter. Corient Private Wealth LLC now owns 24,237 shares of the communications equipment provider’s stock valued at $7,589,000 after acquiring an additional 3,278 shares in the last quarter. First Foundation Advisors raised its holdings in Motorola Solutions by 37.7% in the 1st quarter. First Foundation Advisors now owns 354 shares of the communications equipment provider’s stock valued at $126,000 after acquiring an additional 97 shares during the last quarter. BDF Gestion purchased a new position in Motorola Solutions in the 2nd quarter worth approximately $7,377,000. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Motorola Solutions by 29.8% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 20,036 shares of the communications equipment provider’s stock worth $6,273,000 after purchasing an additional 4,594 shares during the last quarter. 84.17% of the stock is owned by institutional investors and hedge funds.

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.