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

Shares of Motorola Solutions, Inc. (NYSE:MSI) have earned a consensus rating of “Moderate Buy” from the ten brokerages that are currently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $495.00.

A number of brokerages have issued reports on MSI. Weiss Ratings restated a “hold (c+)” rating on shares of Motorola Solutions in a research note on Monday. Piper Sandler reissued a “neutral” rating and issued a $465.00 price target (down from $495.00) on shares of Motorola Solutions in a report on Friday, October 31st. Barclays reduced their price target on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a research 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 objective on the stock in a research report on Monday, December 1st.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Valeo Financial Advisors LLC raised its stake in 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 acquiring an additional 21 shares during the period. Advisors Capital Management LLC raised its position in shares of 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 purchasing an additional 24 shares during the period. Kingsview Wealth Management LLC raised its position in shares of Motorola Solutions by 0.3% in the second quarter. Kingsview Wealth Management LLC now owns 9,115 shares of the communications equipment provider’s stock valued at $3,833,000 after purchasing an additional 24 shares during the period. Rexford Capital Inc. lifted its stake in shares of Motorola Solutions by 0.6% during the 3rd quarter. Rexford Capital Inc. now owns 3,893 shares of the communications equipment provider’s stock valued at $1,780,000 after buying an additional 24 shares in the last quarter. Finally, IFC Advisors LLC boosted its holdings in Motorola Solutions by 0.6% in the 2nd quarter. IFC Advisors LLC now owns 4,043 shares of the communications equipment provider’s stock worth $1,700,000 after buying an additional 25 shares during the period. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Trading Down 0.2%

Shares of MSI stock opened at $383.12 on Friday. The company has a debt-to-equity ratio of 3.59, a quick ratio of 0.86 and a current ratio of 1.03. The company has a market capitalization of $63.81 billion, a price-to-earnings ratio of 30.75, a PEG ratio of 3.05 and a beta of 1.00. 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 $383.39 and a two-hundred day simple moving average of $424.45.

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

Motorola Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 15th will be issued a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a yield of 1.3%. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Monday, December 15th. Motorola Solutions’s dividend payout ratio is currently 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.