Raymond James Increases Motorola Solutions (NYSE:MSI) Price Target to $515.00

Motorola Solutions (NYSE:MSI - Free Report) had its price objective upped by Raymond James from $425.00 to $515.00 in a report published on Friday,Benzinga reports. They currently have an outperform rating on the communications equipment provider's stock.

Other research analysts have also recently issued research reports about the stock. Bank of America boosted 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. Jefferies Financial Group boosted 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. JPMorgan Chase & Co. raised their price objective on Motorola Solutions from $436.00 to $440.00 and gave the stock an "overweight" rating in a research note on Friday, August 2nd. Barclays boosted their target price on Motorola Solutions from $467.00 to $529.00 and gave the company an "overweight" rating in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Motorola Solutions from $385.00 to $440.00 and gave the stock a "buy" rating in a report on Tuesday, August 6th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $493.43.

Motorola Solutions Trading Up 7.4 %

MSI traded up $34.86 during trading on Friday, reaching $504.81. 1,185,601 shares of the company's stock were exchanged, compared to its average volume of 636,371. Motorola Solutions has a fifty-two week low of $305.73 and a fifty-two week high of $506.72. The company has a debt-to-equity ratio of 7.03, a quick ratio of 1.03 and a current ratio of 1.20. The firm has a market capitalization of $84.22 billion, a PE ratio of 59.11, a P/E/G ratio of 3.95 and a beta of 0.97. The company's fifty 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 released its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.36. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. As a group, equities analysts forecast that Motorola Solutions will post 12.22 EPS for the current year.

Motorola Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th were issued a $0.98 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.78%. Motorola Solutions's dividend payout ratio (DPR) is 45.90%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of MSI. MFA Wealth Advisors LLC acquired a new position in Motorola Solutions during the 2nd quarter worth approximately $25,000. Beacon Capital Management LLC boosted its holdings in Motorola Solutions by 71.8% during the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider's stock worth $26,000 after purchasing an additional 28 shares during the last quarter. LRI Investments LLC grew its position in Motorola Solutions by 871.4% in the second quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider's stock valued at $26,000 after purchasing an additional 61 shares in the last quarter. Crewe Advisors LLC bought a new stake in Motorola Solutions during the 1st quarter worth about $28,000. Finally, Triad Wealth Partners LLC acquired a new position in shares of Motorola Solutions during the 2nd quarter worth about $29,000. 84.17% of the stock is owned by institutional investors and hedge funds.

About Motorola Solutions

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.