Motorola Solutions (NYSE:MSI) Now Covered by Analysts at Truist Financial

Truist Financial assumed coverage on shares of Motorola Solutions (NYSE:MSI) in a research report report published on Tuesday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $540.00 target price on the communications equipment provider’s stock.

Several other research analysts have also issued reports on MSI. Weiss Ratings upgraded shares of Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. Piper Sandler reissued an “overweight” rating and set a $499.00 price objective (up from $443.00) on shares of Motorola Solutions in a research note on Thursday, February 12th. Barclays upped their price objective on shares of Motorola Solutions from $495.00 to $506.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Morgan Stanley reaffirmed an “overweight” rating and set a $470.00 target price on shares of Motorola Solutions in a research note on Thursday, February 12th. Finally, Argus upgraded shares of Motorola Solutions to a “strong-buy” rating in a report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $502.50.

Motorola Solutions Trading Up 1.6%

NYSE MSI opened at $433.78 on Tuesday. The firm has a market capitalization of $71.86 billion, a PE ratio of 34.00, a P/E/G ratio of 2.99 and a beta of 0.96. The stock’s 50 day moving average is $444.62 and its 200 day moving average is $420.61. Motorola Solutions has a twelve month low of $359.36 and a twelve month high of $492.22. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 3.47.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.35 by $0.24. The business had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.34 billion. Motorola Solutions had a return on equity of 110.75% and a net margin of 18.44%.The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.04 earnings per share. Research analysts forecast that Motorola Solutions will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, March 20th will be given a $1.21 dividend. This represents a $4.84 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, March 20th. Motorola Solutions’s payout ratio is currently 37.93%.

Insider Buying and Selling

In other Motorola Solutions news, CEO Gregory Q. Brown sold 50,000 shares of Motorola Solutions stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $468.09, for a total value of $23,404,500.00. Following the completion of the transaction, the chief executive officer directly owned 47,167 shares of the company’s stock, valued at approximately $22,078,401.03. The trade was a 51.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kenneth D. Denman sold 434 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $470.12, for a total transaction of $204,032.08. Following the completion of the transaction, the director owned 7,153 shares in the company, valued at approximately $3,362,768.36. This represents a 5.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 129,069 shares of company stock worth $60,779,964 in the last quarter. Corporate insiders own 1.44% of the company’s stock.

Institutional Investors Weigh In On Motorola Solutions

Several institutional investors and hedge funds have recently made changes to their positions in MSI. Vanguard Group Inc. grew its holdings in shares of Motorola Solutions by 1.3% in the third quarter. Vanguard Group Inc. now owns 22,171,959 shares of the communications equipment provider’s stock worth $10,139,015,000 after acquiring an additional 286,366 shares during the period. Capital World Investors increased its position in Motorola Solutions by 5.5% during the third quarter. Capital World Investors now owns 9,386,519 shares of the communications equipment provider’s stock valued at $4,292,310,000 after acquiring an additional 490,354 shares during the last quarter. State Street Corp lifted its holdings in Motorola Solutions by 1.3% in the second quarter. State Street Corp now owns 7,681,622 shares of the communications equipment provider’s stock valued at $3,237,985,000 after acquiring an additional 101,408 shares during the period. Raymond James Financial Inc. boosted its position in Motorola Solutions by 0.9% in the third quarter. Raymond James Financial Inc. now owns 3,433,482 shares of the communications equipment provider’s stock worth $1,570,096,000 after purchasing an additional 31,744 shares during the last quarter. Finally, Norges Bank purchased a new position in Motorola Solutions in the fourth quarter worth about $942,542,000. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Company Profile

Motorola Solutions, Inc is a provider of mission-critical communications and analytics solutions for public safety and commercial customers. The company designs, manufactures and supports a range of communications equipment and software aimed at enabling first responders, government agencies and enterprises to coordinate and operate reliably in high-pressure environments. Its offerings emphasize secure, resilient connectivity and situational awareness for organizations that require dependable voice, data and video communications.

Product lines include land mobile radio (LMR) systems and handheld and vehicle-mounted radios used by police, fire and emergency medical services; broadband push-to-talk and LTE-based solutions; command-and-control center software for incident management and records; and video security and analytics systems.