Brokerages Set Motorola Solutions, Inc. (NYSE:MSI) PT at $466.17

Shares of Motorola Solutions, Inc. (NYSE:MSI) have earned an average rating of “Buy” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a buy recommendation. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $466.17.

Several equities research analysts have commented on the stock. Bank of America boosted their target price on shares of Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Jefferies Financial Group upped their target price on shares of Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. raised their price objective on Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, Evercore ISI boosted their target price on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th.

Motorola Solutions Trading Up 0.9 %

NYSE MSI opened at $442.57 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 7.03. The stock has a market capitalization of $73.82 billion, a P/E ratio of 54.71, a P/E/G ratio of 3.80 and a beta of 0.97. Motorola Solutions has a 52-week low of $269.64 and a 52-week high of $448.98. The firm has a 50-day moving average price of $418.74 and a 200 day moving average price of $380.81.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.01 by $0.23. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. The business had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same period in the prior year, the business posted $2.41 EPS. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities research analysts expect that Motorola Solutions will post 12.22 EPS for the current year.

Motorola Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th will be given a $0.98 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.92 annualized dividend and a dividend yield of 0.89%. Motorola Solutions’s dividend payout ratio is currently 48.45%.

Insider Activity at Motorola Solutions

In other Motorola Solutions news, COO John P. Molloy sold 23,985 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $407.50, for a total value of $9,773,887.50. Following the transaction, the chief operating officer now directly owns 46,821 shares in the company, valued at approximately $19,079,557.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Motorola Solutions

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Capital World Investors grew its stake in shares of Motorola Solutions by 0.4% during the 4th quarter. Capital World Investors now owns 12,176,768 shares of the communications equipment provider’s stock valued at $3,812,424,000 after buying an additional 44,279 shares during the period. Raymond James & Associates boosted its holdings in Motorola Solutions by 3.7% in the second quarter. Raymond James & Associates now owns 2,319,631 shares of the communications equipment provider’s stock valued at $895,494,000 after acquiring an additional 82,044 shares during the last quarter. Norges Bank purchased a new stake in Motorola Solutions during the fourth quarter valued at about $646,341,000. Legal & General Group Plc grew its position in Motorola Solutions by 7.7% during the second quarter. Legal & General Group Plc now owns 1,530,660 shares of the communications equipment provider’s stock valued at $590,911,000 after acquiring an additional 110,072 shares during the period. Finally, Alphinity Investment Management Pty Ltd increased its stake in Motorola Solutions by 36.5% during the first quarter. Alphinity Investment Management Pty Ltd now owns 1,478,757 shares of the communications equipment provider’s stock worth $524,929,000 after acquiring an additional 395,096 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

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.