Motorola Solutions Inc (NYSE:MSI) had declared a cash dividend of $0.4100 on Aug 18, 2016. The shares will quote ex-dividend on Sep 13, 2016 and the record date has been fixed for Sep 15, 2016. On Aug 18, 2016 share price, the yield comes out to be 2.1670%. The dividend payable date has been fixed on Oct 14, 2016.
In a different note, On Aug 5, 2016, Deutsche Bank said it Maintains its rating on Motorola Solutions Inc. In the research note, the firm Raises the price-target to $67.00 per share. The shares have been rated ‘Hold’ by the firm. On Jun 30, 2016, Goldman Sachs said it Assumes its rating on Motorola Solutions Inc. The shares have been rated ‘Buy’ by the firm. Citigroup said it Initiates Coverage on Motorola Solutions Inc, according to a research note issued on Jun 20, 2016. The shares have been rated ‘Neutral’ by the firm.
Motorola Solutions Inc (MSI) made into the market gainers list on Mondays trading session with the shares advancing 0.12% or 0.09 points. Due to strong positive momentum, the stock ended at $77.29, which is also near the day’s high of $77.64. The stock began the session at $77.2 and the volume stood at 8,34,451 shares. The 52-week high of the shares is $77.86 and the 52 week low is $59.13. The company has a current market capitalization of $12,886 M and it has 16,67,25,630 shares in outstanding.
Motorola Solutions Inc(MSI) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.43B. Analysts had an estimated revenue of $1.40B. Earnings per share were $1.03. Analysts had estimated an EPS of $0.86.
Several Insider Transactions has been reported to the SEC. On Aug 11, 2016, John P Molloy (EVP, Worldwide Sales) sold 11,199 shares at $74.14 per share price.Also, On Aug 9, 2016, John K Wozniak (CVP and CAO) sold 6,000 shares at $73.00 per share price.On May 19, 2016, Eduardo F Conrado (EVP, Strategy & IO) sold 976 shares at $70.08 per share price, according to the Form-4 filing with the securities and exchange commission.
Motorola Solutions Inc. provides communication infrastructure devices accessories software and services. The Company operates business in two segments: Products and Services. The Products segment offers a portfolio of infrastructure devices accessories and software. The primary customers of the Products segment are Government public safety and first-responder agencies municipalities and commercial and industrial customers. The Products segment has two principal product lines: devices and systems. The Services segment provides a set of service offerings for Government public safety and commercial communication networks. The Services segment has the following principal product lines: Integration services Lifecycle Support services Managed services Smart Public Safety Solutions and Integrated Digital Enhanced Network (iDEN) services. The Company serves customers in more than 100 countries.