Motorola Solutions, Inc. (NYSE:MSI) Receives $358.86 Average PT from Analysts

Shares of Motorola Solutions, Inc. (NYSE:MSI) have received an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $358.86.

A number of brokerages have recently weighed in on MSI. Evercore ISI started coverage on shares of Motorola Solutions in a report on Monday, March 25th. They set an “outperform” rating and a $400.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective on Motorola Solutions from $400.00 to $405.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Deutsche Bank Aktiengesellschaft lifted their target price on Motorola Solutions from $375.00 to $385.00 and gave the stock a “buy” rating in a report on Monday, June 3rd. Finally, Barclays increased their price target on shares of Motorola Solutions from $362.00 to $372.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd.

Motorola Solutions Trading Down 0.3 %

Motorola Solutions stock opened at $385.52 on Monday. 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 stock has a market cap of $64.30 billion, a PE ratio of 47.69, a price-to-earnings-growth ratio of 3.38 and a beta of 0.94. The stock has a 50-day moving average of $367.27 and a two-hundred day moving average of $343.32. Motorola Solutions has a one year low of $269.64 and a one year high of $391.65.

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

Motorola Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Friday, June 14th. Motorola Solutions’s dividend payout ratio (DPR) is 48.45%.

Insider Activity at Motorola Solutions

In other news, SVP Rajan Naik sold 5,274 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $373.81, for a total transaction of $1,971,473.94. Following the sale, 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 Securities & Exchange Commission, which is available through this hyperlink. In other Motorola Solutions news, SVP James A. Niewiara sold 810 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $358.09, for a total transaction of $290,052.90. Following the completion of the transaction, the senior vice president now directly owns 12,986 shares in the company, valued at $4,650,156.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Rajan Naik sold 5,274 shares of Motorola Solutions stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $373.81, for a total transaction of $1,971,473.94. Following the completion of the sale, the senior vice president now owns 8,939 shares in the company, valued at approximately $3,341,487.59. The disclosure for this sale can be found here. Insiders sold a total of 9,389 shares of company stock worth $3,446,461 in the last three months. Company insiders own 1.26% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale lifted its position in shares of Motorola Solutions by 2.2% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 839,123 shares of the communications equipment provider’s stock valued at $260,204,000 after acquiring an additional 17,807 shares in the last quarter. Corient Private Wealth LLC boosted 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 worth $7,589,000 after purchasing an additional 3,278 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Motorola Solutions by 29.8% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 20,036 shares of the communications equipment provider’s stock worth $6,273,000 after buying an additional 4,594 shares in the last quarter. Capital International Sarl raised its position in shares of Motorola Solutions by 13.8% in the fourth quarter. Capital International Sarl now owns 57,227 shares of the communications equipment provider’s stock valued at $17,917,000 after buying an additional 6,918 shares during the last quarter. Finally, Bank of Nova Scotia lifted its stake in shares of Motorola Solutions by 430.5% in the fourth quarter. Bank of Nova Scotia now owns 90,543 shares of the communications equipment provider’s stock worth $28,347,000 after buying an additional 73,477 shares in the last quarter. 84.17% of the stock is 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.