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

Shares of Motorola Solutions, Inc. (NYSE:MSI) have earned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $491.8571.

A number of analysts recently commented on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Motorola Solutions in a research report on Monday, December 29th. Northcoast Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price objective for the company in a report on Monday, December 1st. Barclays lowered their target price on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Finally, Piper Sandler raised shares of Motorola Solutions from a “neutral” rating to an “overweight” rating and reduced their price target for the company from $465.00 to $443.00 in a research report on Monday, January 5th.

Hedge Funds Weigh In On Motorola Solutions

Several large investors have recently added to or reduced their stakes in the business. Covea Finance lifted its position in shares of Motorola Solutions by 5.9% during the 3rd quarter. Covea Finance now owns 111,219 shares of the communications equipment provider’s stock worth $50,859,000 after buying an additional 6,153 shares in the last quarter. Obermeyer Wealth Partners increased its position in shares of Motorola Solutions by 261.0% during the second quarter. Obermeyer Wealth Partners now owns 8,073 shares of the communications equipment provider’s stock valued at $3,394,000 after acquiring an additional 5,837 shares during the last quarter. Machina Capital S.A.S. lifted its holdings in Motorola Solutions by 345.3% during the second quarter. Machina Capital S.A.S. now owns 13,948 shares of the communications equipment provider’s stock worth $5,865,000 after acquiring an additional 10,816 shares during the period. Whalen Wealth Management Inc. bought a new stake in Motorola Solutions during the second quarter worth $257,000. Finally, Swedbank AB boosted its position in Motorola Solutions by 20.3% in the third quarter. Swedbank AB now owns 1,345,492 shares of the communications equipment provider’s stock worth $615,280,000 after purchasing an additional 227,062 shares during the last quarter. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Performance

NYSE:MSI opened at $401.26 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 1.03 and a debt-to-equity ratio of 3.59. Motorola Solutions has a twelve month low of $359.36 and a twelve month high of $492.22. The company has a fifty day moving average of $378.70 and a 200-day moving average of $421.49. The firm has a market capitalization of $66.83 billion, a P/E ratio of 32.20, a P/E/G ratio of 3.00 and a beta of 1.00.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Friday, October 31st. The communications equipment provider reported $4.06 EPS for the quarter, topping analysts’ consensus estimates of $3.85 by $0.21. Motorola Solutions had a net margin of 18.71% and a return on equity of 118.48%. The business had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same period last year, the company posted $3.74 earnings per share. The business’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Motorola Solutions will post 13.55 EPS for the current year.

Motorola Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Monday, December 15th were issued a dividend of $1.21 per share. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.01. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Monday, December 15th. Motorola Solutions’s dividend payout ratio is 38.84%.

Motorola Solutions Company Profile

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.