Motorola Solutions (NYSE:MSI) Price Target Raised to $495.00

Motorola Solutions (NYSE:MSI) had its target price boosted by Morgan Stanley from $430.00 to $495.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the communications equipment provider’s stock.

Other research analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Evercore ISI boosted their price objective on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Raymond James raised their target price on Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a report on Friday, November 8th. 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. Finally, Barclays raised their price objective on shares of Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $504.88.

Motorola Solutions Stock Performance

Shares of NYSE MSI opened at $463.81 on Tuesday. The business’s 50-day simple moving average is $479.07 and its 200-day simple moving average is $435.33. 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 52 week low of $307.09 and a 52 week high of $507.82. The firm has a market cap of $77.51 billion, a price-to-earnings ratio of 50.80, a P/E/G ratio of 3.77 and a beta of 0.99.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 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 company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. As a group, equities research analysts expect that Motorola Solutions will post 12.57 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be paid a $1.09 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.36 dividend on an annualized basis and a yield of 0.94%. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s payout ratio is presently 47.75%.

Institutional Investors Weigh In On Motorola Solutions

Institutional investors have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. grew its position in Motorola Solutions by 17.3% in the second quarter. First Horizon Advisors Inc. now owns 318 shares of the communications equipment provider’s stock valued at $123,000 after acquiring an additional 47 shares during the period. Dakota Wealth Management boosted its holdings in shares of Motorola Solutions by 14.7% in the 2nd quarter. Dakota Wealth Management now owns 2,320 shares of the communications equipment provider’s stock worth $896,000 after acquiring an additional 297 shares in the last quarter. SeaCrest Wealth Management LLC grew its position in Motorola Solutions by 5.3% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 730 shares of the communications equipment provider’s stock worth $282,000 after acquiring an additional 37 shares during the last quarter. Fifth Third Bancorp increased its holdings in Motorola Solutions by 3.9% during the 2nd quarter. Fifth Third Bancorp now owns 6,760 shares of the communications equipment provider’s stock valued at $2,610,000 after purchasing an additional 251 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC bought a new position in Motorola Solutions in the 2nd quarter valued at $621,000. 84.17% of the stock is owned by institutional investors and hedge funds.

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.