Motorola Solutions (NYSE:MSI) Price Target Raised to $520.00

Motorola Solutions (NYSE:MSIFree Report) had its price target raised by JPMorgan Chase & Co. from $515.00 to $520.00 in a report issued on Thursday,Benzinga reports. They currently have an overweight rating on the communications equipment provider’s stock.

A number of other equities analysts also recently issued reports on MSI. Piper Sandler reiterated an “overweight” rating and set a $499.00 price target (up previously from $443.00) on shares of Motorola Solutions in a research report on Thursday. Barclays increased their target price on Motorola Solutions from $495.00 to $506.00 and gave the company an “overweight” rating in a research report on Thursday. Northcoast Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price target for the company in a report on Monday, December 1st. Weiss Ratings upgraded shares of Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, January 27th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $470.00 target price on shares of Motorola Solutions in a research report on Thursday. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $497.14.

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Motorola Solutions Price Performance

Shares of NYSE MSI opened at $462.19 on Thursday. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.04 and a quick ratio of 0.86. The stock has a market capitalization of $76.98 billion, a price-to-earnings ratio of 36.22, a PEG ratio of 3.45 and a beta of 1.00. The firm’s 50 day simple moving average is $392.04 and its 200-day simple moving average is $421.24. Motorola Solutions has a 12 month low of $359.36 and a 12 month high of $492.22.

Motorola Solutions (NYSE:MSIGet Free Report) last announced its quarterly earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.35 by $0.24. Motorola Solutions had a net margin of 18.44% and a return on equity of 110.75%. The firm had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.34 billion. During the same period in the prior year, the firm posted $4.04 earnings per share. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. Analysts expect that Motorola Solutions will post 13.55 EPS for the current year.

Motorola Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Monday, December 15th were paid a dividend of $1.21 per share. This represents a $4.84 dividend on an annualized basis and a yield of 1.0%. 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. Motorola Solutions’s payout ratio is presently 37.93%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MSI. Valeo Financial Advisors LLC lifted its stake in shares of Motorola Solutions by 2.3% in the 2nd quarter. Valeo Financial Advisors LLC now owns 944 shares of the communications equipment provider’s stock valued at $397,000 after purchasing an additional 21 shares during the last quarter. Advisors Capital Management LLC lifted its position in Motorola Solutions by 1.0% in the second quarter. Advisors Capital Management LLC now owns 2,452 shares of the communications equipment provider’s stock valued at $1,031,000 after buying an additional 24 shares during the last quarter. Kingsview Wealth Management LLC boosted its stake in Motorola Solutions by 0.3% during the second quarter. Kingsview Wealth Management LLC now owns 9,115 shares of the communications equipment provider’s stock worth $3,833,000 after buying an additional 24 shares during the period. Rexford Capital Inc. increased its position in shares of Motorola Solutions by 0.6% during the third quarter. Rexford Capital Inc. now owns 3,893 shares of the communications equipment provider’s stock valued at $1,780,000 after acquiring an additional 24 shares during the last quarter. Finally, CYBER HORNET ETFs LLC raised its stake in shares of Motorola Solutions by 5.2% in the 4th quarter. CYBER HORNET ETFs LLC now owns 482 shares of the communications equipment provider’s stock valued at $185,000 after acquiring an additional 24 shares during the period. 84.17% of the stock is currently owned by institutional investors and hedge funds.

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About Motorola Solutions

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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.

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Analyst Recommendations for Motorola Solutions (NYSE:MSI)

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