Motorola Solutions (NYSE:MSI) Price Target Raised to $529.00 at Barclays

Motorola Solutions (NYSE:MSI - Free Report) had its price objective hoisted by Barclays from $467.00 to $529.00 in a report released on Friday morning,Benzinga reports. Barclays currently has an overweight rating on the communications equipment provider's stock.

MSI has been the subject of a number of other research reports. Bank of America lifted their price objective on Motorola Solutions from $440.00 to $520.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their price target on Motorola Solutions from $436.00 to $440.00 and gave the company an "overweight" rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft increased their price objective on Motorola Solutions from $385.00 to $440.00 and gave the stock a "buy" rating in a report on Tuesday, August 6th. Evercore ISI boosted their target price on shares of Motorola Solutions from $450.00 to $500.00 and gave the stock an "outperform" rating in a research report on Friday, August 30th. Finally, Jefferies Financial Group raised their price target on shares of Motorola Solutions from $460.00 to $510.00 and gave the company a "buy" rating in a report on Tuesday, September 3rd. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Motorola Solutions has a consensus rating of "Buy" and a consensus target price of $493.43.

Motorola Solutions Price Performance

Motorola Solutions stock traded up $34.86 during midday trading on Friday, hitting $504.81. The company's stock had a trading volume of 1,185,601 shares, compared to its average volume of 636,371. Motorola Solutions has a 12 month low of $305.73 and a 12 month high of $506.72. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 7.03. The company has a market capitalization of $84.22 billion, a PE ratio of 59.11, a price-to-earnings-growth ratio of 3.95 and a beta of 0.97. The stock's 50-day moving average price is $454.67 and its 200-day moving average price is $409.07.

Motorola Solutions (NYSE:MSI - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share for the quarter, topping analysts' consensus estimates of $3.10 by $0.36. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. The firm had revenue of $2.79 billion for the quarter, compared to analysts' expectations of $2.76 billion. Analysts anticipate that Motorola Solutions will post 12.22 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 13th were issued a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was Friday, September 13th. Motorola Solutions's dividend payout ratio is currently 45.90%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MSI. Skandinaviska Enskilda Banken AB publ increased its stake in shares of Motorola Solutions by 32.9% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 358,011 shares of the communications equipment provider's stock worth $138,210,000 after purchasing an additional 88,603 shares during the period. Magnolia Capital Advisors LLC bought a new position in Motorola Solutions in the 2nd quarter worth approximately $19,694,000. State Board of Administration of Florida Retirement System increased its position in Motorola Solutions by 8.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 189,360 shares of the communications equipment provider's stock worth $67,219,000 after buying an additional 15,488 shares during the period. First Foundation Advisors lifted its holdings in shares of Motorola Solutions by 37.7% during the first quarter. First Foundation Advisors now owns 354 shares of the communications equipment provider's stock worth $126,000 after buying an additional 97 shares during the last quarter. Finally, Heritage Wealth Management Inc. bought a new stake in shares of Motorola Solutions in the second quarter valued at approximately $790,000. 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.