Deutsche Bank Aktiengesellschaft Boosts Motorola Solutions (NYSE:MSI) Price Target to $385.00

Motorola Solutions (NYSE:MSI) had its price objective lifted by Deutsche Bank Aktiengesellschaft from $375.00 to $385.00 in a research note released on Monday, Benzinga reports. The firm currently has a buy rating on the communications equipment provider’s stock.

Other analysts have also recently issued reports about the company. JPMorgan Chase & Co. increased their target price on Motorola Solutions from $400.00 to $405.00 and gave the stock an overweight rating in a research note on Friday, May 3rd. StockNews.com raised shares of Motorola Solutions from a hold rating to a buy rating in a research note on Monday, February 12th. Barclays raised their price target on shares of Motorola Solutions from $362.00 to $372.00 and gave the stock an overweight rating in a research note on Friday, May 3rd. Evercore ISI began coverage on Motorola Solutions in a report on Monday, March 25th. They issued an outperform rating and a $400.00 price objective for the company. Finally, William Blair reissued an outperform rating on shares of Motorola Solutions in a report on Friday, February 9th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Motorola Solutions presently has an average rating of Moderate Buy and a consensus target price of $358.86.

Motorola Solutions Stock Performance

Motorola Solutions stock opened at $370.73 on Monday. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 11.16. Motorola Solutions has a 1 year low of $269.64 and a 1 year high of $372.01. The company has a market cap of $61.84 billion, a PE ratio of 45.83, a PEG ratio of 3.20 and a beta of 0.96. The company’s 50-day moving average is $354.21 and its two-hundred day moving average is $335.18.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, May 2nd. The communications equipment provider reported $2.56 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.29. The company had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Motorola Solutions had a return on equity of 398.16% and a net margin of 13.64%. Equities analysts anticipate that Motorola Solutions will post 12.07 earnings per share for the current year.

Motorola Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Friday, June 14th. Motorola Solutions’s payout ratio is 48.45%.

Insiders Place Their Bets

In other Motorola Solutions news, CAO Katherine A. Maher sold 2,615 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $354.68, for a total transaction of $927,488.20. Following the transaction, the chief accounting officer now directly owns 1,138 shares in the company, valued at approximately $403,625.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Motorola Solutions news, SVP James A. Niewiara sold 810 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $358.09, for a total value of $290,052.90. Following the completion of the transaction, the senior vice president now owns 12,986 shares in the company, valued at approximately $4,650,156.74. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Katherine A. Maher sold 2,615 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $354.68, for a total value of $927,488.20. Following the completion of the transaction, the chief accounting officer now owns 1,138 shares of the company’s stock, valued at approximately $403,625.84. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

Institutional Trading of Motorola Solutions

A number of large investors have recently modified their holdings of MSI. Qube Research & Technologies Ltd grew its position in shares of Motorola Solutions by 61.1% in the 3rd quarter. Qube Research & Technologies Ltd now owns 333,697 shares of the communications equipment provider’s stock worth $90,846,000 after buying an additional 126,517 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in Motorola Solutions by 2.2% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 839,123 shares of the communications equipment provider’s stock worth $260,204,000 after acquiring an additional 17,807 shares in the last quarter. Corient Private Wealth LLC raised its stake in shares of Motorola Solutions by 15.6% in the fourth quarter. Corient Private Wealth LLC now owns 24,237 shares of the communications equipment provider’s stock worth $7,589,000 after purchasing an additional 3,278 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Motorola Solutions by 29.8% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 20,036 shares of the communications equipment provider’s stock worth $6,273,000 after purchasing an additional 4,594 shares during the last quarter. Finally, Bank of Nova Scotia raised its stake in shares of Motorola Solutions by 430.5% in the fourth quarter. Bank of Nova Scotia now owns 90,543 shares of the communications equipment provider’s stock worth $28,347,000 after purchasing an additional 73,477 shares during the last quarter. Institutional investors own 84.17% of the company’s stock.

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.