Motorola Solutions, Inc. (NYSE:MSI) Given Average Rating of “Buy” by Analysts

Motorola Solutions, Inc. (NYSE:MSI) has received an average recommendation of “Buy” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a buy recommendation. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $506.29.

MSI has been the topic of a number of recent research reports. Jefferies Financial Group raised their target price on shares of Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Bank of America boosted their price objective on Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Evercore ISI upped their price objective on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Deutsche Bank Aktiengesellschaft raised their target price on Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Raymond James upped their price target on shares of Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th.

Motorola Solutions Price Performance

MSI opened at $501.03 on Thursday. The company has a market capitalization of $83.73 billion, a P/E ratio of 54.88, a PEG ratio of 3.88 and a beta of 0.97. The company has a 50-day moving average of $469.15 and a 200-day moving average of $422.68. 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 1-year low of $307.09 and a 1-year high of $507.82.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $3.46 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.36. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. Equities analysts expect that Motorola Solutions will post 12.48 EPS 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 issued a $1.09 dividend. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.98. This represents a $4.36 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Friday, December 13th. Motorola Solutions’s payout ratio is presently 42.94%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MSI. FSA Wealth Management LLC purchased a new position in Motorola Solutions in the 3rd quarter worth about $29,000. MFA Wealth Advisors LLC acquired a new position in shares of Motorola Solutions in the second quarter worth about $25,000. Beacon Capital Management LLC increased its position in shares of Motorola Solutions by 71.8% in the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 28 shares in the last quarter. LRI Investments LLC increased its position in shares of Motorola Solutions by 871.4% in the second quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 61 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Motorola Solutions during the third quarter valued at approximately $31,000. 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.