Brokerages Set Motorola Solutions, Inc. (NYSE:MSI) Price Target at $504.88

Motorola Solutions, Inc. (NYSE:MSI) has received a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the company, Marketbeat 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 target price among brokerages that have covered the stock in the last year is $504.88.

Several equities research analysts have weighed in on MSI shares. Bank of America upped their price target on Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Barclays upped their price target on Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft upped their price target on Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Raymond James upped their price target on Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Morgan Stanley upped their price target on Motorola Solutions from $430.00 to $495.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th.

Motorola Solutions Stock Up 0.6 %

Motorola Solutions stock opened at $467.65 on Friday. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.07 and a current ratio of 1.25. Motorola Solutions has a fifty-two week low of $314.84 and a fifty-two week high of $507.82. The company has a market capitalization of $78.15 billion, a PE ratio of 51.22, a price-to-earnings-growth ratio of 3.42 and a beta of 1.01. The firm has a 50 day moving average price of $476.58 and a 200 day moving average price of $448.95.

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

Motorola Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th were issued a $1.09 dividend. The ex-dividend date was Friday, December 13th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 0.93%. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s dividend payout ratio is presently 47.75%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Tradition Wealth Management LLC grew its stake in Motorola Solutions by 3.3% during the 3rd quarter. Tradition Wealth Management LLC now owns 654 shares of the communications equipment provider’s stock worth $294,000 after buying an additional 21 shares during the last quarter. Fidelis Capital Partners LLC grew its stake in Motorola Solutions by 1.0% during the 3rd quarter. Fidelis Capital Partners LLC now owns 2,223 shares of the communications equipment provider’s stock worth $1,038,000 after buying an additional 22 shares during the last quarter. Omnia Family Wealth LLC grew its stake in Motorola Solutions by 2.2% during the 3rd quarter. Omnia Family Wealth LLC now owns 1,170 shares of the communications equipment provider’s stock worth $527,000 after buying an additional 25 shares during the last quarter. Harbour Investments Inc. grew its stake in Motorola Solutions by 2.1% during the 3rd quarter. Harbour Investments Inc. now owns 1,287 shares of the communications equipment provider’s stock worth $578,000 after buying an additional 26 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd grew its stake in Motorola Solutions by 0.9% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 2,989 shares of the communications equipment provider’s stock worth $1,343,000 after buying an additional 26 shares during the last quarter. Hedge funds and other institutional investors 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.