Brokerages Set Motorola Solutions, Inc. (NYSE:MSI) PT at $479.50

Shares of Motorola Solutions, Inc. (NYSE:MSI - Get Free Report) have received an average rating of "Buy" from the seven ratings firms that are presently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have covered the stock in the last year is $479.50.

A number of analysts have commented on MSI shares. Jefferies Financial Group lifted their price target on Motorola Solutions from $460.00 to $510.00 and gave the stock a "buy" rating in a research report on Tuesday, September 3rd. Evercore ISI upped their target price on Motorola Solutions from $450.00 to $500.00 and gave the company an "outperform" rating in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Motorola Solutions from $385.00 to $440.00 and gave the stock a "buy" rating in a research report on Tuesday, August 6th. Bank of America upped their price objective on shares of Motorola Solutions from $440.00 to $520.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Finally, Barclays raised their target price on shares of Motorola Solutions from $372.00 to $467.00 and gave the stock an "overweight" rating in a report on Friday, August 2nd.

Insider Transactions at Motorola Solutions

In related news, COO John P. Molloy sold 23,985 shares of the company's stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $407.50, for a total value of $9,773,887.50. Following the completion of the transaction, the chief operating officer now owns 46,821 shares of the company's stock, valued at approximately $19,079,557.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.50% of the company's stock.

Institutional Investors Weigh In On Motorola Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in MSI. Norden Group LLC purchased a new stake in shares of Motorola Solutions during the first quarter worth about $216,000. Private Advisor Group LLC boosted its stake in shares of Motorola Solutions by 2.1% in the first quarter. Private Advisor Group LLC now owns 4,178 shares of the communications equipment provider's stock worth $1,483,000 after acquiring an additional 84 shares during the last quarter. Mission Wealth Management LP purchased a new stake in shares of Motorola Solutions during the first quarter worth approximately $301,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Motorola Solutions by 18.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,847 shares of the communications equipment provider's stock valued at $18,405,000 after purchasing an additional 8,170 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in Motorola Solutions by 0.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 26,111 shares of the communications equipment provider's stock valued at $9,269,000 after purchasing an additional 186 shares in the last quarter. Hedge funds and other institutional investors own 84.17% of the company's stock.

Motorola Solutions Stock Up 1.0 %

NYSE MSI traded up $4.54 during trading on Friday, hitting $453.89. The company's stock had a trading volume of 1,098,320 shares, compared to its average volume of 622,458. Motorola Solutions has a fifty-two week low of $276.45 and a fifty-two week high of $480.28. The company has a debt-to-equity ratio of 7.03, a current ratio of 1.20 and a quick ratio of 1.03. The company has a market cap of $75.73 billion, a PE ratio of 53.15, a P/E/G ratio of 3.78 and a beta of 0.97. The business's 50 day simple moving average is $450.93 and its 200-day simple moving average is $405.39.

Motorola Solutions (NYSE:MSI - Get Free Report) last released its earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share for the quarter, topping the consensus estimate of $3.01 by $0.23. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. The company had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter in the previous year, the firm earned $2.41 EPS. Motorola Solutions's revenue was up 9.4% compared to the same quarter last year. On average, equities analysts anticipate that Motorola Solutions will post 12.22 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th were issued a $0.98 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.92 dividend on an annualized basis and a yield of 0.86%. Motorola Solutions's payout ratio is 45.90%.

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.