Motorola Solutions, Inc. (NYSE:MSI) Receives $504.88 Consensus Target Price from Analysts

Shares of Motorola Solutions, Inc. (NYSE:MSI) have been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $504.88.

A number of brokerages recently commented on MSI. Jefferies Financial Group increased 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. Barclays increased their price target on shares of Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft lifted their price objective on Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Evercore ISI increased their target price on Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Finally, Bank of America raised their price target on Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd.

Motorola Solutions Price Performance

Shares of NYSE:MSI opened at $472.45 on Monday. The firm has a market capitalization of $78.96 billion, a price-to-earnings ratio of 51.75, a price-to-earnings-growth ratio of 3.70 and a beta of 0.99. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.25 and a quick ratio of 1.07. The business’s 50 day simple moving average is $479.02 and its 200-day simple moving average is $438.39. Motorola Solutions has a 12 month low of $307.31 and a 12 month high of $507.82.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.36. The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. As a group, equities analysts forecast that Motorola Solutions will post 12.57 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be issued a dividend of $1.09 per share. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.36 annualized dividend and a dividend yield of 0.92%. Motorola Solutions’s dividend payout ratio (DPR) is 47.75%.

Hedge Funds Weigh In On Motorola Solutions

Several institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC grew its holdings in Motorola Solutions by 59,189.5% in the 3rd quarter. International Assets Investment Management LLC now owns 967,604 shares of the communications equipment provider’s stock valued at $435,064,000 after buying an additional 965,972 shares during the period. Wulff Hansen & CO. grew its holdings in Motorola Solutions by 38,505.0% in the second quarter. Wulff Hansen & CO. now owns 696,434 shares of the communications equipment provider’s stock valued at $268,858,000 after purchasing an additional 694,630 shares during the period. Mizuho Securities USA LLC increased its position in Motorola Solutions by 4,447.9% during the third quarter. Mizuho Securities USA LLC now owns 584,901 shares of the communications equipment provider’s stock worth $262,989,000 after purchasing an additional 572,040 shares during the last quarter. National Bank of Canada FI raised its stake in Motorola Solutions by 428.2% during the second quarter. National Bank of Canada FI now owns 501,601 shares of the communications equipment provider’s stock worth $193,798,000 after purchasing an additional 406,638 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in Motorola Solutions by 477.9% during the third quarter. Assenagon Asset Management S.A. now owns 311,659 shares of the communications equipment provider’s stock worth $140,131,000 after purchasing an additional 257,727 shares during the period. 84.17% of the stock is currently owned by institutional investors and hedge funds.

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.