Brokerages Set Motorola Solutions, Inc. (NYSE:MSI) PT at $287.80

Motorola Solutions, Inc. (NYSE:MSI – Get Rating) has been given a consensus rating of “Moderate Buy” by the nine analysts that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $290.67.

Several research firms have recently weighed in on MSI. TheStreet raised Motorola Solutions from a “c+” rating to a “b” rating in a report on Thursday, February 9th. StockNews.com assumed coverage on Motorola Solutions in a report on Thursday. They issued a “buy” rating on the stock. JPMorgan Chase & Co. raised Motorola Solutions from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $300.00 to $305.00 in a report on Thursday. Credit Suisse Group cut Motorola Solutions from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $300.00 to $270.00 in a report on Wednesday, January 11th. Finally, Barclays decreased their price target on Motorola Solutions from $306.00 to $303.00 and set an “overweight” rating on the stock in a report on Friday, February 10th.

Motorola Solutions Stock Performance

Motorola Solutions stock opened at $264.24 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 1.15 and a debt-to-equity ratio of 45.90. The company has a market capitalization of $44.19 billion, a P/E ratio of 33.32, a PEG ratio of 2.85 and a beta of 0.92. The stock’s 50 day moving average is $262.49 and its 200 day moving average is $253.02. Motorola Solutions has a twelve month low of $195.18 and a twelve month high of $275.16.

Motorola Solutions (NYSE:MSI – Get Rating) last posted its quarterly earnings results on Thursday, February 9th. The communications equipment provider reported $3.60 earnings per share for the quarter, topping the consensus estimate of $3.43 by $0.17. Motorola Solutions had a negative return on equity of 663.73% and a net margin of 14.96%. The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter in the prior year, the business posted $2.66 EPS. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. On average, equities research analysts predict that Motorola Solutions will post 10.09 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Wednesday, March 15th will be given a $0.88 dividend. The ex-dividend date is Tuesday, March 14th. This represents a $3.52 annualized dividend and a yield of 1.33%. Motorola Solutions’s dividend payout ratio is currently 44.39%.

Insider Buying and Selling at Motorola Solutions

In other Motorola Solutions news, Director Kenneth D. Denman sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of $266.33, for a total transaction of $399,495.00. Following the completion of the transaction, the director now owns 8,313 shares in the company, valued at $2,214,001.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Cynthia Yazdi sold 8,734 shares of the business’s stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $270.37, for a total value of $2,361,411.58. Following the completion of the transaction, the senior vice president now owns 2,873 shares of the company’s stock, valued at $776,773.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kenneth D. Denman sold 1,500 shares of Motorola Solutions stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $266.33, for a total transaction of $399,495.00. Following the completion of the transaction, the director now directly owns 8,313 shares in the company, valued at $2,214,001.29. The disclosure for this sale can be found here. Insiders sold 37,167 shares of company stock worth $10,066,483 over the last 90 days. Company insiders own 1.85% of the company’s stock.

Hedge Funds Weigh In On Motorola Solutions

Several institutional investors and hedge funds have recently bought and sold shares of the company. American Century Companies Inc. grew its holdings in shares of Motorola Solutions by 11.6% during the first quarter. American Century Companies Inc. now owns 3,918 shares of the communications equipment provider’s stock valued at $949,000 after buying an additional 406 shares during the last quarter. Cibc World Market Inc. boosted its holdings in Motorola Solutions by 3.1% in the first quarter. Cibc World Market Inc. now owns 11,087 shares of the communications equipment provider’s stock valued at $2,685,000 after purchasing an additional 329 shares during the last quarter. Moors & Cabot Inc. boosted its holdings in Motorola Solutions by 8.8% in the first quarter. Moors & Cabot Inc. now owns 2,870 shares of the communications equipment provider’s stock valued at $695,000 after purchasing an additional 231 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Motorola Solutions in the first quarter valued at $225,000. Finally, Baird Financial Group Inc. raised its position in shares of Motorola Solutions by 7.3% in the first quarter. Baird Financial Group Inc. now owns 55,177 shares of the communications equipment provider’s stock worth $13,362,000 after acquiring an additional 3,741 shares during the period. 83.67% of the stock is owned by hedge funds and other institutional investors.

About Motorola Solutions

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Motorola Solutions, Inc engages in the provision of communication infrastructure, devices, accessories, software, and services. It operates through the following 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 the implementation and integration of such systems, devices, and applications.