Brokerages Set Motorola Solutions, Inc. (NYSE:MSI) Target Price at $466.17

Motorola Solutions, Inc. (NYSE:MSI) has earned an average recommendation of “Buy” from the seven brokerages that are covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have covered the stock in the last year is $466.17.

MSI has been the topic of several recent research reports. Barclays upped their price target on Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Evercore ISI raised their target price on shares of Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. raised their price objective on shares of Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Bank of America boosted their target price on shares of Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th.

Motorola Solutions Stock Up 0.9 %

Shares of NYSE:MSI opened at $442.57 on Friday. The firm has a market capitalization of $73.82 billion, a PE ratio of 54.71, a price-to-earnings-growth ratio of 3.80 and a beta of 0.97. Motorola Solutions has a 1 year low of $269.64 and a 1 year high of $448.98. The company has a debt-to-equity ratio of 7.03, a current ratio of 1.20 and a quick ratio of 1.03. The firm’s 50-day moving average is $418.74 and its two-hundred day moving average is $380.81.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.01 by $0.23. The company had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.59 billion. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.41 EPS. Analysts predict that Motorola Solutions will post 12.22 EPS for the current year.

Motorola Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th will be paid a $0.98 dividend. The ex-dividend date is Friday, September 13th. This represents a $3.92 annualized dividend and a yield of 0.89%. Motorola Solutions’s dividend payout ratio is presently 48.45%.

Insider Transactions at Motorola Solutions

In related news, COO John P. Molloy sold 23,985 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $407.50, for a total value of $9,773,887.50. Following the completion of the sale, the chief operating officer now directly owns 46,821 shares of the company’s stock, valued at approximately $19,079,557.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.50% of the company’s stock.

Institutional Trading of Motorola Solutions

Institutional investors and hedge funds have recently bought and sold shares of the business. MFA Wealth Advisors LLC purchased a new stake in shares of Motorola Solutions in the second quarter valued at about $25,000. Beacon Capital Management LLC raised its stake in Motorola Solutions by 71.8% during the 2nd quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock valued at $26,000 after acquiring an additional 28 shares during the last quarter. LRI Investments LLC lifted its position in Motorola Solutions by 871.4% during the 2nd quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 61 shares during the period. Crewe Advisors LLC purchased a new position in shares of Motorola Solutions in the 1st quarter valued at approximately $28,000. Finally, Private Wealth Management Group LLC purchased a new position in shares of Motorola Solutions in the 4th quarter valued at approximately $29,000. 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.