Motorola Solutions (NYSE:MSI) Rating Increased to Strong-Buy at Truist Financial

Motorola Solutions (NYSE:MSI) was upgraded by Truist Financial to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

MSI has been the subject of a number of other reports. 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 research note on Monday, December 1st. Morgan Stanley reiterated an “overweight” rating and set a $470.00 price objective on shares of Motorola Solutions in a research note on Thursday, February 12th. Barclays boosted their target price on Motorola Solutions from $495.00 to $506.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Piper Sandler restated an “overweight” rating and issued a $499.00 target price (up from $443.00) on shares of Motorola Solutions in a research report on Thursday, February 12th. Finally, Argus raised Motorola Solutions to a “strong-buy” rating in a research note on Friday, February 13th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $502.50.

Motorola Solutions Price Performance

Shares of MSI opened at $433.78 on Monday. Motorola Solutions has a one year low of $359.36 and a one year high of $492.22. The stock’s fifty day moving average is $444.62 and its 200-day moving average is $420.61. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.87 and a current ratio of 1.04. The firm has a market capitalization of $71.86 billion, a price-to-earnings ratio of 34.00, a price-to-earnings-growth ratio of 2.99 and a beta of 0.96.

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

Insider Activity at Motorola Solutions

In related news, CEO Cynthia Yazdi sold 7,000 shares of the stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $471.01, for a total value of $3,297,070.00. Following the completion of the transaction, the chief executive officer owned 9,529 shares in the company, valued at $4,488,254.29. This trade represents a 42.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Gregory Q. Brown sold 50,000 shares of Motorola Solutions stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $468.09, for a total value of $23,404,500.00. Following the completion of the transaction, the chief executive officer directly owned 47,167 shares in the company, valued at $22,078,401.03. This represents a 51.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 129,069 shares of company stock worth $60,779,964 in the last quarter. 1.44% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Motorola Solutions during the fourth quarter valued at approximately $942,542,000. Northwestern Mutual Wealth Management Co. boosted its stake in Motorola Solutions by 11,507.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,192,196 shares of the communications equipment provider’s stock worth $456,993,000 after purchasing an additional 1,181,925 shares during the period. Orbis Allan Gray Ltd boosted its stake in Motorola Solutions by 95.6% in the 4th quarter. Orbis Allan Gray Ltd now owns 1,283,065 shares of the communications equipment provider’s stock worth $491,824,000 after purchasing an additional 627,066 shares during the period. Stifel Financial Corp grew its position in Motorola Solutions by 576.0% during the 4th quarter. Stifel Financial Corp now owns 708,083 shares of the communications equipment provider’s stock worth $271,429,000 after purchasing an additional 603,330 shares in the last quarter. Finally, Ninety One UK Ltd grew its position in Motorola Solutions by 74.3% during the 4th quarter. Ninety One UK Ltd now owns 1,338,589 shares of the communications equipment provider’s stock worth $513,108,000 after purchasing an additional 570,712 shares in the last quarter. 84.17% of the stock is owned by hedge funds and other institutional investors.

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.