Trading Report: Today, Zacks Investment Research Downgrades Motorola Solutions Inc. (MSI) to Hold

Today, Zacks Investment Research Downgrades Motorola Solutions Inc. (MSI) to Hold

Motorola Solutions Inc. (NYSE:MSI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

According to Zacks, “Motorola has gained significantly from the inclusion of Airwave Solutions results. We expect the company to rake in higher gains from the acquisition in the days ahead. We are also positive on the strenghtening of the company's product portfolio, investments in public safety LTE portfolio and the plan to acquire Spillman Technologies which provides law enforcement and public safety software solutions. The company expects revenues to grow in the band of 5% to 7% this year. It recently opened the new Motorola Solutions global headquarters in Chicago. Although adverse foreign currency movements remain a concern, we are positive on the company’s expense management efforts and shareholder return policy.”

Other equities analysts have also issued reports about the company. Deutsche Bank AG set a $68.00 price target on Motorola Solutions and gave the stock a “hold” rating in a research report on Friday, August 5th. Jefferies Group restated a “hold” rating on shares of Motorola Solutions in a research report on Friday, September 2nd. Citigroup Inc. initiated coverage on Motorola Solutions in a research report on Monday, June 20th. They set a “neutral” rating and a $73.00 price target on the stock. Credit Suisse Group AG restated a “buy” rating and set a $80.00 price target on shares of Motorola Solutions in a research report on Friday, August 5th. Finally, JPMorgan Chase & Co. restated a “hold” rating and set a $72.00 price target on shares of Motorola Solutions in a research report on Friday, August 5th. Eleven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Motorola Solutions presently has a consensus rating of “Hold” and an average target price of $73.13.

Shares of Motorola Solutions (NYSE:MSI) opened at 74.64 on Wednesday. The stock’s 50 day moving average price is $76.43 and its 200 day moving average price is $72.26. The company has a market cap of $12.44 billion, a P/E ratio of 26.33 and a beta of 0.48. Motorola Solutions has a 12-month low of $59.13 and a 12-month high of $78.99.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, August 4th. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.86 by $0.17. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.40 billion. Motorola Solutions had a negative return on equity of 223.77% and a net margin of 9.04%. The company’s revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.68 EPS. On average, analysts forecast that Motorola Solutions will post $4.60 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Thursday, September 15th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Tuesday, September 13th. Motorola Solutions’s payout ratio is presently 57.54%.

In other Motorola Solutions news, CFO Gino A. Bonanotte sold 14,428 shares of Motorola Solutions stock in a transaction on Friday, August 26th. The stock was sold at an average price of $77.01, for a total transaction of $1,111,100.28. Following the completion of the transaction, the chief financial officer now owns 33,005 shares in the company, valued at $2,541,715.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Bruce W. Brda sold 10,416 shares of Motorola Solutions stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $77.99, for a total value of $812,343.84. Following the transaction, the executive vice president now owns 25,703 shares of the company’s stock, valued at approximately $2,004,576.97. The disclosure for this sale can be found here. 2.55% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlueMountain Capital Management LLC bought a new position in shares of Motorola Solutions during the first quarter worth about $100,000. Partners Capital Investment Group LLC boosted its position in shares of Motorola Solutions by 12.0% in the second quarter. Partners Capital Investment Group LLC now owns 2,020 shares of the company’s stock worth $133,000 after buying an additional 217 shares during the last quarter. Global X Management Co. LLC boosted its position in shares of Motorola Solutions by 141.2% in the second quarter. Global X Management Co. LLC now owns 2,089 shares of the company’s stock worth $138,000 after buying an additional 1,223 shares during the last quarter. Mizuho Asset Management Co. Ltd. boosted its position in shares of Motorola Solutions by 28.4% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,166 shares of the company’s stock worth $143,000 after buying an additional 479 shares during the last quarter. Finally, Evercore Wealth Management LLC boosted its position in shares of Motorola Solutions by 53.0% in the second quarter. Evercore Wealth Management LLC now owns 2,223 shares of the company’s stock worth $147,000 after buying an additional 770 shares during the last quarter. Institutional investors and hedge funds own 85.38% of the company’s stock.

Motorola Solutions Company Profile

Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. Its Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines, including Devices and Systems.

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