Motorola Solutions, Inc. (NYSE:MSI) Receives $479.50 Average PT from Brokerages

Shares of Motorola Solutions, Inc. (NYSE:MSI) have been assigned a consensus recommendation of “Buy” from the seven research firms that are covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $479.50.

A number of equities research analysts recently commented on MSI shares. Bank of America lifted their price target on shares of Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Jefferies Financial Group lifted their price objective on shares of Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Evercore ISI lifted their price objective on shares of Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Barclays lifted their price objective on shares of Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. MFA Wealth Advisors LLC bought a new stake in shares of Motorola Solutions during the 2nd quarter worth $25,000. Beacon Capital Management LLC lifted its holdings in shares of Motorola Solutions by 71.8% during the 2nd quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 28 shares during the last quarter. LRI Investments LLC lifted its holdings in shares of Motorola Solutions by 871.4% during the 2nd quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 61 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Motorola Solutions during the 3rd quarter worth $31,000. Finally, Triad Wealth Partners LLC bought a new stake in shares of Motorola Solutions during the 2nd quarter worth $29,000. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Motorola Solutions Trading Up 0.8 %

NYSE:MSI opened at $461.90 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 7.03. The stock has a market capitalization of $77.06 billion, a PE ratio of 54.09, a price-to-earnings-growth ratio of 3.82 and a beta of 0.97. The firm’s 50 day moving average is $452.08 and its 200 day moving average is $407.09. Motorola Solutions has a 12 month low of $298.63 and a 12 month high of $480.28.

Motorola Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th were given a dividend of $0.98 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.85%. Motorola Solutions’s dividend payout ratio (DPR) is currently 45.90%.

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.