Motorola Solutions, Inc. (NYSE:MSI) Given Consensus Recommendation of “Buy” by Brokerages

Motorola Solutions, Inc. (NYSE:MSI) has earned an average recommendation of “Buy” from the eight analysts that are covering the company, MarketBeat reports. Eight investment analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have issued a report on the stock in the last year is $506.29.

Several brokerages have commented on MSI. Evercore ISI raised their target price on shares of Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Bank of America raised their target price 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. Barclays raised their target price on shares of Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Finally, Jefferies Financial Group raised their price target on shares of Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd.

Hedge Funds Weigh In On Motorola Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the company. Versor Investments LP bought a new position in shares of Motorola Solutions in the third quarter valued at $449,000. Skandinaviska Enskilda Banken AB publ grew its stake in shares of Motorola Solutions by 32.9% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 358,011 shares of the communications equipment provider’s stock valued at $138,210,000 after buying an additional 88,603 shares in the last quarter. Magnolia Capital Advisors LLC bought a new position in shares of Motorola Solutions in the second quarter valued at $19,694,000. Los Angeles Capital Management LLC grew its stake in shares of Motorola Solutions by 8.5% in the third quarter. Los Angeles Capital Management LLC now owns 409,421 shares of the communications equipment provider’s stock valued at $184,088,000 after buying an additional 32,157 shares in the last quarter. Finally, Icon Wealth Advisors LLC grew its stake in shares of Motorola Solutions by 1,532.0% in the third quarter. Icon Wealth Advisors LLC now owns 6,316 shares of the communications equipment provider’s stock valued at $2,840,000 after buying an additional 5,929 shares in the last quarter. 84.17% of the stock is owned by institutional investors.

Motorola Solutions Stock Performance

Shares of NYSE:MSI opened at $497.87 on Thursday. The company has a market capitalization of $83.20 billion, a price-to-earnings ratio of 54.53, a P/E/G ratio of 3.92 and a beta of 0.99. The firm’s 50 day simple moving average is $474.42 and its 200 day simple moving average is $427.40. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.25 and a quick ratio of 1.07. Motorola Solutions has a fifty-two week low of $307.09 and a fifty-two week high of $507.82.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.36. The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. As a group, sell-side analysts forecast that Motorola Solutions will post 12.54 earnings per share for the current year.

Motorola Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be paid a dividend of $1.09 per share. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.98. This represents a $4.36 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Friday, December 13th. Motorola Solutions’s dividend payout ratio (DPR) is currently 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.