Motorola Solutions, Inc. (NYSE:MSI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Motorola Solutions, Inc. (NYSE:MSI) have been given a consensus rating of “Moderate Buy” by the ten research firms that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $491.8571.

A number of brokerages recently issued reports on MSI. Piper Sandler raised Motorola Solutions from a “neutral” rating to an “overweight” rating and dropped their price objective for the stock from $465.00 to $443.00 in a report on Monday. Weiss Ratings restated a “hold (c+)” rating on shares of Motorola Solutions in a research report on Monday, December 29th. Barclays decreased their target price on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Finally, 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.

Institutional Investors Weigh In On Motorola Solutions

Hedge funds have recently bought and sold shares of the stock. Signature Resources Capital Management LLC bought a new position in Motorola Solutions in the second quarter valued at $25,000. Orion Capital Management LLC bought a new position in shares of Motorola Solutions during the 3rd quarter valued at about $25,000. United Community Bank grew its position in Motorola Solutions by 81.3% during the third quarter. United Community Bank now owns 58 shares of the communications equipment provider’s stock valued at $27,000 after acquiring an additional 26 shares during the last quarter. Strategic Advocates LLC purchased a new stake in shares of Motorola Solutions in the 3rd quarter valued at $28,000. Finally, Whipplewood Advisors LLC boosted its position in Motorola Solutions by 289.5% during the second quarter. Whipplewood Advisors LLC now owns 74 shares of the communications equipment provider’s stock valued at $31,000 after buying an additional 55 shares during the period. 84.17% of the stock is currently owned by institutional investors.

Motorola Solutions Stock Performance

NYSE MSI opened at $380.93 on Friday. The company has a market capitalization of $63.44 billion, a PE ratio of 30.57, a price-to-earnings-growth ratio of 2.86 and a beta of 1.00. 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 52-week low of $359.36 and a 52-week high of $492.22. The company has a 50-day simple moving average of $379.81 and a 200 day simple moving average of $424.21.

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

Motorola Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 15th will be given a dividend of $1.21 per share. The ex-dividend date is Monday, December 15th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.01. This represents a $4.84 annualized dividend and a yield of 1.3%. Motorola Solutions’s dividend payout ratio (DPR) is presently 38.84%.

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.