Brokerages Set Motorola Solutions, Inc. (NYSE:MSI) Price Target at $374.57

Shares of Motorola Solutions, Inc. (NYSE:MSI) have been given an average rating of “Moderate Buy” by the eight research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $374.57.

A number of equities research analysts have commented on MSI shares. JPMorgan Chase & Co. increased their price objective on shares of Motorola Solutions from $400.00 to $405.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Bank of America increased their target price on Motorola Solutions from $370.00 to $440.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Barclays lifted their price target on Motorola Solutions from $362.00 to $372.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Motorola Solutions from $375.00 to $385.00 and gave the stock a “buy” rating in a research report on Monday, June 3rd.

Motorola Solutions Trading Down 0.0 %

MSI opened at $395.39 on Friday. The business has a fifty day moving average price of $381.92 and a 200 day moving average price of $354.52. The company has a debt-to-equity ratio of 11.16, a current ratio of 1.19 and a quick ratio of 1.01. Motorola Solutions has a 12 month low of $269.64 and a 12 month high of $402.56. The stock has a market capitalization of $65.95 billion, a price-to-earnings ratio of 48.87, a PEG ratio of 3.44 and a beta of 0.94.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, May 2nd. The communications equipment provider reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.29. Motorola Solutions had a return on equity of 398.16% and a net margin of 13.64%. The business had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Sell-side analysts expect that Motorola Solutions will post 12.07 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 14th were given a $0.98 dividend. The ex-dividend date was Friday, June 14th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.99%. Motorola Solutions’s dividend payout ratio (DPR) is presently 48.45%.

Insider Buying and Selling

In other news, SVP Rajan Naik sold 5,274 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $373.81, for a total value of $1,971,473.94. Following the completion of the sale, the senior vice president now directly owns 8,939 shares of the company’s stock, valued at $3,341,487.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Motorola Solutions news, Director Kenneth D. Denman sold 690 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $373.11, for a total transaction of $257,445.90. Following the completion of the sale, the director now directly owns 8,141 shares of the company’s stock, valued at approximately $3,037,488.51. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Rajan Naik sold 5,274 shares of Motorola Solutions stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $373.81, for a total value of $1,971,473.94. Following the completion of the transaction, the senior vice president now owns 8,939 shares in the company, valued at $3,341,487.59. The disclosure for this sale can be found here. Insiders have sold 9,389 shares of company stock worth $3,446,461 in the last quarter. 1.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Motorola Solutions

Several hedge funds have recently modified their holdings of MSI. MFA Wealth Advisors LLC acquired a new stake in shares of Motorola Solutions in the 2nd quarter worth $25,000. Beacon Capital Management LLC increased its position 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 worth $26,000 after purchasing an additional 28 shares during the period. LRI Investments LLC lifted its holdings in shares of Motorola Solutions by 871.4% in the 2nd quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock valued at $26,000 after buying an additional 61 shares during the period. Crewe Advisors LLC purchased a new stake in shares of Motorola Solutions in the first quarter valued at approximately $28,000. Finally, Private Wealth Management Group LLC purchased a new position in Motorola Solutions in the fourth quarter worth $29,000. 84.17% of the stock is owned by institutional investors and hedge funds.

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.