Motorola Solutions (NYSE:MSI) Given New $405.00 Price Target at JPMorgan Chase & Co.

Motorola Solutions (NYSE:MSI) had its price target lifted by JPMorgan Chase & Co. from $400.00 to $405.00 in a research report released on Friday, Benzinga reports. The brokerage currently has an overweight rating on the communications equipment provider’s stock.

MSI has been the topic of a number of other reports. Barclays increased their price objective on shares of Motorola Solutions from $362.00 to $372.00 and gave the company an overweight rating in a research note on Friday. Evercore ISI began coverage on Motorola Solutions in a research note on Monday, March 25th. They set an outperform rating and a $400.00 price objective for the company. StockNews.com raised Motorola Solutions from a hold rating to a buy rating in a research report on Monday, February 12th. William Blair reiterated an outperform rating on shares of Motorola Solutions in a report on Friday, February 9th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Motorola Solutions in a report on Friday, January 19th. They issued a buy rating and a $350.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $351.50.

Motorola Solutions Trading Up 5.2 %

Shares of MSI traded up $17.46 during trading hours on Friday, reaching $353.70. 1,151,473 shares of the company traded hands, compared to its average volume of 724,940. The stock’s fifty day moving average price is $342.91 and its 200 day moving average price is $323.39. The company has a current ratio of 1.00, a quick ratio of 0.85 and a debt-to-equity ratio of 6.37. The firm has a market cap of $58.76 billion, a price-to-earnings ratio of 43.72, a PEG ratio of 3.11 and a beta of 0.91. Motorola Solutions has a 12-month low of $269.64 and a 12-month high of $356.17.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, February 8th. The communications equipment provider reported $3.90 earnings per share for the quarter, beating analysts’ consensus estimates of $3.63 by $0.27. The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.82 billion. Motorola Solutions had a return on equity of 408.01% and a net margin of 13.64%. Motorola Solutions’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $3.38 EPS. Sell-side analysts forecast that Motorola Solutions will post 11.74 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were issued a $0.98 dividend. The ex-dividend date was Thursday, March 14th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 1.11%. Motorola Solutions’s dividend payout ratio is currently 48.45%.

Insider Transactions at Motorola Solutions

In related news, SVP Cynthia Yazdi sold 4,744 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $334.30, for a total value of $1,585,919.20. Following the completion of the transaction, the senior vice president now owns 8,858 shares in the company, valued at approximately $2,961,229.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Motorola Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Capital World Investors grew its position in 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 worth $3,812,424,000 after purchasing an additional 44,279 shares during the period. FMR LLC grew its holdings in Motorola Solutions by 1.6% during the third quarter. FMR LLC now owns 2,350,325 shares of the communications equipment provider’s stock worth $639,853,000 after acquiring an additional 37,718 shares during the period. Raymond James & Associates raised its position in Motorola Solutions by 3.8% during the first quarter. Raymond James & Associates now owns 2,237,587 shares of the communications equipment provider’s stock valued at $794,299,000 after acquiring an additional 81,990 shares in the last quarter. Norges Bank purchased a new position in Motorola Solutions during the fourth quarter valued at approximately $646,341,000. Finally, Invesco Ltd. lifted its holdings in Motorola Solutions by 0.4% in the third quarter. Invesco Ltd. now owns 2,006,858 shares of the communications equipment provider’s stock valued at $546,347,000 after acquiring an additional 8,514 shares during the period. Institutional investors and hedge funds own 84.17% of the company’s stock.

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.