Deutsche Bank Aktiengesellschaft Increases Motorola Solutions (NYSE:MSI) Price Target to $530.00

Motorola Solutions (NYSE:MSI) had its price objective upped by Deutsche Bank Aktiengesellschaft from $440.00 to $530.00 in a research note released on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the communications equipment provider’s stock.

Several other research analysts have also commented on the stock. JPMorgan Chase & Co. increased their price target on shares of Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Barclays upped their price objective on shares of Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Jefferies Financial Group raised their target price on Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. 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 research note on Wednesday, October 23rd. Finally, Evercore ISI raised their price objective on Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $506.29.

Motorola Solutions Stock Performance

Shares of NYSE MSI opened at $500.66 on Tuesday. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.25 and a quick ratio of 1.07. Motorola Solutions has a one year low of $307.09 and a one year high of $507.82. The business’s 50-day moving average price is $470.38 and its two-hundred day moving average price is $423.22. The company has a market capitalization of $83.67 billion, a P/E ratio of 54.84, a price-to-earnings-growth ratio of 3.88 and a beta of 0.97.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results 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 during the quarter, compared to analyst estimates of $2.76 billion. Analysts anticipate that Motorola Solutions will post 12.48 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Friday, December 13th. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s payout ratio is currently 42.94%.

Institutional Trading of Motorola Solutions

Several hedge funds have recently added to or reduced their stakes in the business. Ancora Advisors LLC boosted its position in shares of Motorola Solutions by 0.5% in the first quarter. Ancora Advisors LLC now owns 6,771 shares of the communications equipment provider’s stock valued at $2,404,000 after acquiring an additional 31 shares during the period. B. Riley Wealth Advisors Inc. grew its position in Motorola Solutions by 39.9% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 3,873 shares of the communications equipment provider’s stock worth $1,375,000 after purchasing an additional 1,105 shares during the last quarter. Tidal Investments LLC increased its holdings in shares of Motorola Solutions by 42.2% during the 1st quarter. Tidal Investments LLC now owns 15,764 shares of the communications equipment provider’s stock worth $5,595,000 after purchasing an additional 4,682 shares during the period. iA Global Asset Management Inc. increased its holdings in shares of Motorola Solutions by 301.9% during the 1st quarter. iA Global Asset Management Inc. now owns 4,706 shares of the communications equipment provider’s stock worth $1,671,000 after purchasing an additional 3,535 shares during the period. Finally, Citizens Financial Group Inc. RI raised its position in shares of Motorola Solutions by 52.2% during the first quarter. Citizens Financial Group Inc. RI now owns 1,746 shares of the communications equipment provider’s stock valued at $620,000 after buying an additional 599 shares during the last quarter. Institutional investors 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.