Brokerages Set Motorola Solutions, Inc. (NYSE:MSI) PT at $506.29

Shares of Motorola Solutions, Inc. (NYSE:MSI) have earned a consensus recommendation of “Buy” from the eight ratings firms that are currently covering the stock, MarketBeat.com reports. Eight investment analysts have rated the stock with a buy recommendation. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $506.29.

Several equities research analysts have recently weighed in on MSI shares. Barclays increased their price target on Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Raymond James lifted their target price on Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Jefferies Financial Group raised their price target on shares of Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Bank of America raised their target price on shares of Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd.

Motorola Solutions Stock Down 0.6 %

Shares of MSI opened at $496.55 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.25 and a debt-to-equity ratio of 4.23. Motorola Solutions has a 52-week low of $307.09 and a 52-week high of $507.82. The company has a market cap of $82.98 billion, a PE ratio of 54.40, a P/E/G ratio of 3.96 and a beta of 0.97. The business has a fifty day moving average of $471.53 and a 200 day moving average of $425.07.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results 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 analysts’ expectations of $2.76 billion. On average, sell-side analysts expect that Motorola Solutions will post 12.54 EPS for the current 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 issued a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 0.88%. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.98. The ex-dividend date is Friday, December 13th. Motorola Solutions’s dividend payout ratio (DPR) is presently 47.75%.

Institutional Trading of Motorola Solutions

A number of hedge funds have recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. lifted its stake in shares of Motorola Solutions by 39.9% during 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. iA Global Asset Management Inc. boosted its holdings in shares of Motorola Solutions by 301.9% in the 1st quarter. iA Global Asset Management Inc. now owns 4,706 shares of the communications equipment provider’s stock valued at $1,671,000 after buying an additional 3,535 shares in the last quarter. Citizens Financial Group Inc. RI grew its position in shares of Motorola Solutions by 52.2% in the 1st quarter. Citizens Financial Group Inc. RI now owns 1,746 shares of the communications equipment provider’s stock worth $620,000 after buying an additional 599 shares during the last quarter. Orleans Capital Management Corp LA raised its stake in shares of Motorola Solutions by 13.9% during the 1st quarter. Orleans Capital Management Corp LA now owns 4,251 shares of the communications equipment provider’s stock worth $1,509,000 after acquiring an additional 520 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in Motorola Solutions by 224.4% during the first quarter. Cetera Investment Advisers now owns 36,350 shares of the communications equipment provider’s stock valued at $12,904,000 after acquiring an additional 25,146 shares during the last quarter. Hedge funds and other 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.