Motorola Solutions (NYSE:MSI) Price Target Lowered to $511.00 at Barclays

Motorola Solutions (NYSE:MSI) had its price objective lowered by Barclays from $527.00 to $511.00 in a report published on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the communications equipment provider’s stock.

Several other analysts also recently weighed in on MSI. Morgan Stanley boosted their target price on shares of Motorola Solutions from $495.00 to $505.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. StockNews.com raised Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Thursday, April 17th. Finally, JPMorgan Chase & Co. reduced their target price on Motorola Solutions from $570.00 to $515.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $513.25.

Motorola Solutions Trading Down 0.4 %

NYSE:MSI opened at $404.66 on Monday. The firm has a 50 day moving average of $422.77 and a 200 day moving average of $453.26. The company has a quick ratio of 1.13, a current ratio of 1.28 and a debt-to-equity ratio of 3.30. Motorola Solutions has a 52 week low of $345.27 and a 52 week high of $507.82. The stock has a market capitalization of $67.56 billion, a price-to-earnings ratio of 43.89, a PEG ratio of 3.82 and a beta of 0.94.

Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share for the quarter, topping the consensus estimate of $3.01 by $0.17. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.81 EPS. As a group, sell-side analysts anticipate that Motorola Solutions will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 14th were given a dividend of $1.09 per share. The ex-dividend date was Friday, March 14th. This represents a $4.36 dividend on an annualized basis and a yield of 1.08%. Motorola Solutions’s dividend payout ratio is presently 47.29%.

Hedge Funds Weigh In On Motorola Solutions

A number of institutional investors have recently modified their holdings of MSI. Barclays PLC raised its position in Motorola Solutions by 29.6% during the third quarter. Barclays PLC now owns 723,835 shares of the communications equipment provider’s stock valued at $325,455,000 after acquiring an additional 165,353 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Motorola Solutions by 136.2% in the 3rd quarter. Franklin Resources Inc. now owns 181,023 shares of the communications equipment provider’s stock valued at $85,610,000 after purchasing an additional 104,379 shares during the period. Principal Financial Group Inc. boosted its holdings in Motorola Solutions by 4.8% during the third quarter. Principal Financial Group Inc. now owns 219,717 shares of the communications equipment provider’s stock worth $98,791,000 after buying an additional 10,096 shares in the last quarter. Pensionfund Sabic grew its position in Motorola Solutions by 22.9% during the fourth quarter. Pensionfund Sabic now owns 4,300 shares of the communications equipment provider’s stock valued at $1,988,000 after buying an additional 800 shares during the period. Finally, Range Financial Group LLC increased its holdings in Motorola Solutions by 32.2% in the fourth quarter. Range Financial Group LLC now owns 1,450 shares of the communications equipment provider’s stock valued at $670,000 after buying an additional 353 shares in the last quarter. 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.