Brokerages Set Motorola Solutions, Inc. (NYSE:MSI) Price Target at $348.38

Shares of Motorola Solutions, Inc. (NYSE:MSI) have been assigned an average rating of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $348.38.

MSI has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on shares of Motorola Solutions from $360.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Barclays upped their price target on Motorola Solutions from $333.00 to $352.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. William Blair reiterated an “outperform” rating on shares of Motorola Solutions in a research note on Friday, February 9th. Deutsche Bank Aktiengesellschaft initiated coverage on Motorola Solutions in a research note on Friday, January 19th. They issued a “buy” rating and a $350.00 target price on the stock. Finally, Evercore ISI began coverage on Motorola Solutions in a research report on Monday, March 25th. They issued an “outperform” rating and a $400.00 price target for the company.

Insider Activity

In other news, SVP Cynthia Yazdi sold 4,744 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $334.30, for a total transaction of $1,585,919.20. Following the completion of the transaction, the senior vice president now directly owns 8,858 shares of the company’s stock, valued at $2,961,229.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.50% of the company’s stock.

Institutional Trading of Motorola Solutions

Several large investors have recently modified their holdings of the company. Capital World Investors grew its stake in shares of Motorola Solutions by 0.4% during the 4th quarter. Capital World Investors now owns 12,176,768 shares of the communications equipment provider’s stock valued at $3,812,424,000 after purchasing an additional 44,279 shares during the period. Geode Capital Management LLC grew its position in Motorola Solutions by 3.5% during the first quarter. Geode Capital Management LLC now owns 3,531,492 shares of the communications equipment provider’s stock valued at $1,008,362,000 after buying an additional 119,907 shares during the period. Alliancebernstein L.P. increased its holdings in Motorola Solutions by 1.9% during the second quarter. Alliancebernstein L.P. now owns 3,337,453 shares of the communications equipment provider’s stock valued at $978,808,000 after buying an additional 60,733 shares during the last quarter. FMR LLC raised its position in Motorola Solutions by 1.6% in the third quarter. FMR LLC now owns 2,350,325 shares of the communications equipment provider’s stock worth $639,853,000 after acquiring an additional 37,718 shares during the period. Finally, Raymond James & Associates boosted its stake in shares of Motorola Solutions by 4.7% during the 4th quarter. Raymond James & Associates now owns 2,155,597 shares of the communications equipment provider’s stock worth $674,896,000 after acquiring an additional 96,421 shares during the last quarter. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Price Performance

MSI stock opened at $339.65 on Wednesday. The firm has a 50-day moving average of $339.17 and a 200 day moving average of $319.50. The company has a debt-to-equity ratio of 6.37, a current ratio of 1.00 and a quick ratio of 0.85. The company has a market cap of $56.42 billion, a P/E ratio of 34.20, a PEG ratio of 3.15 and a beta of 0.90. Motorola Solutions has a 1 year low of $269.64 and a 1 year high of $355.39.

Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, February 8th. The communications equipment provider reported $3.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.63 by $0.27. The firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.82 billion. Motorola Solutions had a return on equity of 441.65% and a net margin of 17.12%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.38 EPS. On average, sell-side analysts forecast that Motorola Solutions will post 11.74 EPS for the current year.

Motorola Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were given a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Thursday, March 14th. Motorola Solutions’s dividend payout ratio (DPR) is 39.48%.

Motorola Solutions Company Profile

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.