Motorola Solutions (NYSE:MSI) Research Coverage Started at Truist Financial

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

Other equities analysts have also issued reports about the stock. Argus upgraded shares of Motorola Solutions to a “strong-buy” rating in a research note on Friday, February 13th. Northcoast Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price objective for the company in a research report on Monday, December 1st. Barclays upped their target price on shares of Motorola Solutions from $495.00 to $506.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. 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. Finally, JPMorgan Chase & Co. boosted their price target on shares of Motorola Solutions from $515.00 to $520.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Motorola Solutions has an average rating of “Buy” and an average target price of $502.50.

Motorola Solutions Stock Up 1.0%

Shares of NYSE MSI opened at $438.35 on Tuesday. The business has a 50-day moving average of $446.22 and a two-hundred day moving average of $420.83. The company has a market capitalization of $72.62 billion, a price-to-earnings ratio of 34.35, a price-to-earnings-growth ratio of 3.04 and a beta of 0.99. Motorola Solutions has a 1 year low of $359.36 and a 1 year high of $492.22. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.04 and a quick ratio of 0.87.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Wednesday, February 11th. The communications equipment provider reported $4.59 EPS for the quarter, beating analysts’ consensus estimates of $4.35 by $0.24. The business had revenue of $3.38 billion for 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 business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.04 EPS. On average, analysts forecast that Motorola Solutions will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, March 20th will be issued 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 dividend payout ratio is presently 37.93%.

Insider Transactions at Motorola Solutions

In related news, Director Kenneth D. Denman sold 434 shares of the stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $470.12, for a total transaction of $204,032.08. Following the completion of the sale, the director owned 7,153 shares in the company, valued at $3,362,768.36. This represents a 5.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Cynthia Yazdi sold 7,000 shares of the firm’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $471.01, for a total transaction of $3,297,070.00. Following the transaction, the chief executive officer directly owned 9,529 shares in the company, valued at $4,488,254.29. The trade was a 42.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 129,069 shares of company stock worth $60,779,964. Insiders own 1.44% of the company’s stock.

Institutional Investors Weigh In On Motorola Solutions

Several hedge funds have recently made changes to their positions in MSI. Covea Finance grew its holdings in Motorola Solutions by 5.9% in the 3rd quarter. Covea Finance now owns 111,219 shares of the communications equipment provider’s stock valued at $50,859,000 after buying an additional 6,153 shares during the period. Swedbank AB lifted its holdings in shares of Motorola Solutions by 20.3% during the 3rd quarter. Swedbank AB now owns 1,345,492 shares of the communications equipment provider’s stock worth $615,280,000 after acquiring an additional 227,062 shares during the period. Capital World Investors lifted its holdings in shares of Motorola Solutions by 5.5% during the 3rd quarter. Capital World Investors now owns 9,386,519 shares of the communications equipment provider’s stock worth $4,292,310,000 after acquiring an additional 490,354 shares during the period. Varma Mutual Pension Insurance Co grew its holdings in Motorola Solutions by 8.4% in the third quarter. Varma Mutual Pension Insurance Co now owns 29,701 shares of the communications equipment provider’s stock valued at $13,582,000 after purchasing an additional 2,300 shares during the period. Finally, Barden Capital Management Inc. purchased a new stake in Motorola Solutions in the third quarter valued at approximately $1,462,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

About Motorola Solutions

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.