Motorola Solutions, Inc. (NYSE:MSI) Given Average Recommendation of “Moderate Buy” by Brokerages

Motorola Solutions, Inc. (NYSE:MSI) has received an average recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $491.8571.

A number of research analysts have recently commented on MSI shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Motorola Solutions in a report on Monday, December 29th. Piper Sandler upgraded shares of Motorola Solutions from a “neutral” rating to an “overweight” rating and reduced their price objective for the stock from $465.00 to $443.00 in a research report on Monday, January 5th. Barclays lowered their target price on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Finally, Northcoast Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price target on the stock in a research note on Monday, December 1st.

Institutional Investors Weigh In On Motorola Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC lifted its holdings in Motorola Solutions by 2.3% in the second quarter. Valeo Financial Advisors LLC now owns 944 shares of the communications equipment provider’s stock valued at $397,000 after buying an additional 21 shares during the period. Advisors Capital Management LLC raised its position in shares of Motorola Solutions by 1.0% in the 2nd quarter. Advisors Capital Management LLC now owns 2,452 shares of the communications equipment provider’s stock worth $1,031,000 after acquiring an additional 24 shares in the last quarter. Kingsview Wealth Management LLC raised its position in shares of Motorola Solutions by 0.3% in the 2nd quarter. Kingsview Wealth Management LLC now owns 9,115 shares of the communications equipment provider’s stock worth $3,833,000 after acquiring an additional 24 shares in the last quarter. Rexford Capital Inc. lifted its stake in shares of Motorola Solutions by 0.6% in the 3rd quarter. Rexford Capital Inc. now owns 3,893 shares of the communications equipment provider’s stock valued at $1,780,000 after purchasing an additional 24 shares during the period. Finally, IFC Advisors LLC grew its stake in Motorola Solutions by 0.6% during the second quarter. IFC Advisors LLC now owns 4,043 shares of the communications equipment provider’s stock worth $1,700,000 after purchasing an additional 25 shares during the period. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Down 0.1%

Shares of Motorola Solutions stock opened at $401.26 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 1.03 and a debt-to-equity ratio of 3.59. Motorola Solutions has a 52-week low of $359.36 and a 52-week high of $492.22. The company has a market capitalization of $66.83 billion, a P/E ratio of 32.20, a P/E/G ratio of 3.00 and a beta of 1.00. The company has a 50 day moving average of $378.70 and a 200 day moving average of $421.49.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share for the quarter, beating analysts’ consensus estimates of $3.85 by $0.21. The business had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.99 billion. Motorola Solutions had a net margin of 18.71% and a return on equity of 118.48%. The company’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the business earned $3.74 EPS. As a group, research analysts forecast that Motorola Solutions will post 13.55 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Monday, December 15th were issued a $1.21 dividend. This represents a $4.84 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, December 15th. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.01. Motorola Solutions’s dividend payout ratio (DPR) is presently 38.84%.

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.