Brokerages Set Motorola Solutions, Inc. (NYSE:MSI) PT at $495.00

by · The Cerbat Gem

Shares of Motorola Solutions, Inc. (NYSE:MSI – Get Free Report) have been assigned an average rating of “Moderate Buy” from the ten research firms that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $495.00.

Several equities analysts have issued reports on the company. Piper Sandler reiterated a “neutral” rating and issued a $465.00 price objective (down previously from $495.00) on shares of Motorola Solutions in a research report on Friday, October 31st. Barclays cut their price target on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Weiss Ratings lowered shares of Motorola Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Northcoast Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 target price for the company in a research note on Monday, December 1st. Finally, Evercore ISI upped their target price on shares of Motorola Solutions from $500.00 to $525.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th.

Read Our Latest Research Report on MSI

Insider Activity at Motorola Solutions

In other news, CEO Gregory Q. Brown sold 50,000 shares of Motorola Solutions stock in a transaction on Friday, September 12th. The stock was sold at an average price of $483.50, for a total value of $24,175,000.00. Following the completion of the sale, the chief executive officer directly owned 46,936 shares of the company’s stock, valued at approximately $22,693,556. This trade represents a 51.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.44% of the company’s stock.

Institutional Investors Weigh In On Motorola Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of Motorola Solutions by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 22,171,959 shares of the communications equipment provider’s stock valued at $10,139,015,000 after acquiring an additional 286,366 shares during the last quarter. Capital World Investors increased its stake in Motorola Solutions by 5.5% in the third quarter. Capital World Investors now owns 9,386,519 shares of the communications equipment provider’s stock valued at $4,292,310,000 after purchasing an additional 490,354 shares in the last quarter. State Street Corp raised its holdings in Motorola Solutions by 1.3% in the second quarter. State Street Corp now owns 7,681,622 shares of the communications equipment provider’s stock worth $3,237,985,000 after purchasing an additional 101,408 shares during the period. Geode Capital Management LLC raised its holdings in Motorola Solutions by 1.2% in the second quarter. Geode Capital Management LLC now owns 4,386,899 shares of the communications equipment provider’s stock worth $1,839,569,000 after purchasing an additional 51,474 shares during the period. Finally, Raymond James Financial Inc. boosted its position in shares of Motorola Solutions by 0.9% during the third quarter. Raymond James Financial Inc. now owns 3,433,482 shares of the communications equipment provider’s stock worth $1,570,096,000 after purchasing an additional 31,744 shares in the last quarter. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Trading Down 0.1%

Shares of MSI stock opened at $370.81 on Monday. The company has a market capitalization of $61.76 billion, a P/E ratio of 29.76, a P/E/G ratio of 2.96 and a beta of 0.99. Motorola Solutions has a 12-month low of $365.40 and a 12-month high of $492.22. The company has a quick ratio of 0.86, a current ratio of 1.03 and a debt-to-equity ratio of 3.59. The firm has a 50-day moving average price of $408.01 and a 200 day moving average price of $429.18.

Motorola Solutions (NYSE:MSI – Get Free Report) last issued its quarterly earnings data on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share for the quarter, topping the consensus estimate of $3.85 by $0.21. Motorola Solutions had a net margin of 18.71% and a return on equity of 118.48%. The firm had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same period in the prior year, the firm earned $3.74 earnings per share. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. Research analysts forecast that Motorola Solutions will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 15th will be issued a dividend of $1.21 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $4.84 annualized dividend and a yield of 1.3%. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.01. Motorola Solutions’s dividend payout ratio (DPR) is currently 34.99%.

About Motorola Solutions

(Get Free Report)

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.

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