Motorola Solutions, Inc. (NYSE:MSI) Receives Average Recommendation of “Buy” from Analysts

Shares of Motorola Solutions, Inc. (NYSE:MSI) have been given a consensus rating of “Buy” by the eight analysts that are covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have covered the stock in the last year is $506.29.

MSI has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price target on Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Jefferies Financial Group upped their target price on Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Barclays lifted their price target on Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Evercore ISI upped their price objective on shares of Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a research note on Tuesday.

Institutional Investors Weigh In On Motorola Solutions

A number of institutional investors have recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. increased its holdings in Motorola Solutions by 39.9% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 3,873 shares of the communications equipment provider’s stock valued at $1,375,000 after purchasing an additional 1,105 shares during the last quarter. iA Global Asset Management Inc. boosted its position in shares of Motorola Solutions by 301.9% during the first quarter. iA Global Asset Management Inc. now owns 4,706 shares of the communications equipment provider’s stock worth $1,671,000 after buying an additional 3,535 shares during the period. Citizens Financial Group Inc. RI grew its stake in shares of Motorola Solutions by 52.2% in the first quarter. Citizens Financial Group Inc. RI now owns 1,746 shares of the communications equipment provider’s stock valued at $620,000 after buying an additional 599 shares in the last quarter. Orleans Capital Management Corp LA raised its holdings in shares of Motorola Solutions by 13.9% in the 1st quarter. Orleans Capital Management Corp LA now owns 4,251 shares of the communications equipment provider’s stock valued at $1,509,000 after buying an additional 520 shares during the period. Finally, Cetera Investment Advisers lifted its stake in Motorola Solutions by 224.4% during the 1st quarter. Cetera Investment Advisers now owns 36,350 shares of the communications equipment provider’s stock worth $12,904,000 after acquiring an additional 25,146 shares in the last quarter. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Motorola Solutions Stock Up 0.9 %

Shares of MSI opened at $501.03 on Thursday. The stock has a 50 day moving average price of $469.15 and a 200 day moving average price of $422.68. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.07 and a current ratio of 1.25. The stock has a market capitalization of $83.73 billion, a price-to-earnings ratio of 54.88, a PEG ratio of 3.88 and a beta of 0.97. Motorola Solutions has a one year low of $307.09 and a one year high of $507.82.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.36. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. Equities research analysts forecast that Motorola Solutions will post 12.48 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be given a $1.09 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.36 dividend on an annualized basis and a yield of 0.87%. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s dividend payout ratio is presently 42.94%.

Motorola Solutions Company Profile

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.