Shares of Motorola Solutions, Inc. (NYSE:MSI) have been given a consensus recommendation of “Buy” by the fifteen research firms that are presently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $88.90.

MSI has been the subject of several recent research reports. Gabelli upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Monday, May 8th. Raymond James Financial, Inc. upgraded shares of Motorola Solutions from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $62.76 to $95.00 in a research report on Monday, May 22nd. They noted that the move was a valuation call. Citigroup Inc. reiterated a “buy” rating and set a $102.00 price objective (up from $93.00) on shares of Motorola Solutions in a research report on Friday, May 5th. Cowen and Company decreased their price objective on shares of Motorola Solutions from $77.00 to $75.00 and set a “market perform” rating for the company in a research report on Monday, May 15th. Finally, Northcoast Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Tuesday, May 30th.

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Motorola Solutions by 2.8% in the first quarter. Vanguard Group Inc. now owns 16,036,418 shares of the communications equipment provider’s stock worth $1,382,661,000 after buying an additional 444,109 shares during the last quarter. Lazard Asset Management LLC boosted its stake in Motorola Solutions by 54.6% in the first quarter. Lazard Asset Management LLC now owns 8,988,989 shares of the communications equipment provider’s stock worth $775,030,000 after buying an additional 3,174,388 shares during the last quarter. State Street Corp boosted its stake in Motorola Solutions by 1.5% in the first quarter. State Street Corp now owns 7,598,871 shares of the communications equipment provider’s stock worth $655,179,000 after buying an additional 114,685 shares during the last quarter. Parnassus Investments CA boosted its stake in Motorola Solutions by 3.6% in the first quarter. Parnassus Investments CA now owns 7,319,437 shares of the communications equipment provider’s stock worth $614,408,000 after buying an additional 256,152 shares during the last quarter. Finally, Artisan Partners Limited Partnership boosted its stake in Motorola Solutions by 5.6% in the first quarter. Artisan Partners Limited Partnership now owns 2,215,956 shares of the communications equipment provider’s stock worth $191,060,000 after buying an additional 118,031 shares during the last quarter. Institutional investors and hedge funds own 87.20% of the company’s stock.

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Motorola Solutions (NYSE:MSI) traded up 0.17% during mid-day trading on Monday, reaching $90.67. 552,558 shares of the company’s stock were exchanged. Motorola Solutions has a 12 month low of $68.10 and a 12 month high of $91.08. The stock has a 50-day moving average of $87.34 and a 200-day moving average of $83.85. The firm has a market cap of $14.82 billion, a price-to-earnings ratio of 25.07 and a beta of 0.31.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, May 4th. The communications equipment provider reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.14. Motorola Solutions had a net margin of 10.10% and a negative return on equity of 102.32%. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the prior year, the company posted $0.52 EPS. The company’s revenue was up 7.4% on a year-over-year basis. Analysts anticipate that Motorola Solutions will post $5.20 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Thursday, June 15th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date was Tuesday, June 13th. Motorola Solutions’s payout ratio is 51.93%.

About Motorola Solutions

Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.

Analyst Recommendations for Motorola Solutions (NYSE:MSI)

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