Motorola Solutions, Inc. (NYSE:MSI) Receives $491.86 Consensus Target Price from Analysts

Shares of Motorola Solutions, Inc. (NYSE:MSI) have earned an average rating of “Moderate Buy” from the ten ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $491.8571.

Several analysts have issued reports on MSI shares. Weiss Ratings raised Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday. Piper Sandler raised Motorola Solutions from a “neutral” rating to an “overweight” rating and dropped their target price for the company from $465.00 to $443.00 in a research report on Monday, January 5th. Barclays cut their target price on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Finally, Northcoast Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price objective on the stock in a report on Monday, December 1st.

Motorola Solutions Stock Performance

Shares of MSI opened at $402.58 on Tuesday. The company has a debt-to-equity ratio of 3.59, a quick ratio of 0.86 and a current ratio of 1.03. Motorola Solutions has a twelve month low of $359.36 and a twelve month high of $492.22. The firm’s 50 day moving average price is $381.46 and its two-hundred day moving average price is $421.18. The firm has a market cap of $67.05 billion, a P/E ratio of 32.31, a PEG ratio of 3.01 and a beta of 1.00.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.85 by $0.21. The company had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.99 billion. Motorola Solutions had a net margin of 18.71% and a return on equity of 118.48%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.74 earnings per share. On average, analysts forecast that Motorola Solutions will post 13.55 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Monday, December 15th were given a dividend of $1.21 per share. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Monday, December 15th. This represents a $4.84 annualized dividend and a yield of 1.2%. Motorola Solutions’s payout ratio is presently 38.84%.

Institutional Trading of Motorola Solutions

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Motorola Solutions by 1.3% in the third quarter. Vanguard Group Inc. now owns 22,171,959 shares of the communications equipment provider’s stock valued at $10,139,015,000 after purchasing an additional 286,366 shares in the last quarter. Capital World Investors boosted its holdings in shares of Motorola Solutions by 5.5% in the 3rd quarter. Capital World Investors now owns 9,386,519 shares of the communications equipment provider’s stock valued at $4,292,310,000 after buying an additional 490,354 shares during the last quarter. State Street Corp grew its stake in shares of Motorola Solutions by 1.3% in the second quarter. State Street Corp now owns 7,681,622 shares of the communications equipment provider’s stock valued at $3,237,985,000 after buying an additional 101,408 shares in the last quarter. Geode Capital Management LLC increased its holdings in Motorola Solutions by 1.2% during the second quarter. Geode Capital Management LLC now owns 4,386,899 shares of the communications equipment provider’s stock worth $1,839,569,000 after buying an additional 51,474 shares during the last quarter. Finally, Raymond James Financial Inc. increased its holdings in Motorola Solutions by 0.9% during the third quarter. Raymond James Financial Inc. now owns 3,433,482 shares of the communications equipment provider’s stock worth $1,570,096,000 after buying an additional 31,744 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Company Profile

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.