Truist Financial Begins Coverage on Motorola Solutions (NYSE:MSI)

Equities researchers at Truist Financial began coverage on shares of Motorola Solutions (NYSE:MSI) in a report released on Tuesday, Marketbeat.com reports. The firm set a “buy” rating and a $540.00 price target on the communications equipment provider’s stock. Truist Financial’s price target points to a potential upside of 24.37% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Northcoast Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 target price on the stock in a research note on Monday, December 1st. Argus upgraded Motorola Solutions to a “strong-buy” rating in a research note on Friday, February 13th. Piper Sandler reissued an “overweight” rating and set a $499.00 price objective (up from $443.00) on shares of Motorola Solutions in a report on Thursday, February 12th. Morgan Stanley restated an “overweight” rating and set a $470.00 price objective on shares of Motorola Solutions in a research report on Thursday, February 12th. Finally, Weiss Ratings raised Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Motorola Solutions presently has a consensus rating of “Buy” and a consensus price target of $502.50.

Motorola Solutions Stock Up 0.1%

MSI stock opened at $434.19 on Tuesday. The firm has a 50-day moving average price of $445.40 and a 200-day moving average price of $420.70. Motorola Solutions has a 12 month low of $359.36 and a 12 month high of $492.22. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 3.47. The stock has a market capitalization of $71.93 billion, a P/E ratio of 34.03, a price-to-earnings-growth ratio of 3.04 and a beta of 0.99.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.35 by $0.24. The company had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.34 billion. Motorola Solutions had a net margin of 18.44% and a return on equity of 110.75%. The firm’s revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm posted $4.04 EPS. As a group, equities research analysts anticipate that Motorola Solutions will post 13.55 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Gregory Q. Brown sold 50,000 shares of the stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $468.09, for a total transaction of $23,404,500.00. Following the completion of the sale, the chief executive officer directly owned 47,167 shares in the company, valued at $22,078,401.03. This represents a 51.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Cynthia Yazdi sold 7,000 shares of Motorola Solutions stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $471.01, for a total transaction of $3,297,070.00. Following the transaction, the chief executive officer directly owned 9,529 shares of the company’s stock, valued at $4,488,254.29. This represents a 42.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 129,069 shares of company stock worth $60,779,964. 1.44% of the stock is currently owned by insiders.

Institutional Trading of Motorola Solutions

A number of institutional investors have recently bought and sold shares of MSI. Orion Capital Management LLC acquired a new position in Motorola Solutions in the third quarter valued at approximately $25,000. United Community Bank grew its position in shares of Motorola Solutions by 81.3% during the 3rd quarter. United Community Bank now owns 58 shares of the communications equipment provider’s stock worth $27,000 after buying an additional 26 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of Motorola Solutions in the 4th quarter valued at $27,000. Strategic Advocates LLC acquired a new position in shares of Motorola Solutions during the 3rd quarter valued at $28,000. Finally, MidAtlantic Capital Management Inc. acquired a new position in shares of Motorola Solutions during the 4th quarter valued at $28,000. Institutional investors own 84.17% of the company’s stock.

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.