Analysts Set Motorola Solutions, Inc. (NYSE:MSI) Target Price at $491.86

Motorola Solutions, Inc. (NYSE:MSI) has earned a consensus rating of “Moderate Buy” from the ten analysts that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $491.8571.

MSI has been the topic of several research reports. Weiss Ratings raised Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. Piper Sandler raised Motorola Solutions from a “neutral” rating to an “overweight” rating and reduced their price objective for the company from $465.00 to $443.00 in a research note on Monday, January 5th. Northcoast Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 target price for the company in a research report on Monday, December 1st. Finally, Barclays cut their price target 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.

Institutional Investors Weigh In On Motorola Solutions

Hedge funds have recently modified their holdings of the stock. Orion Capital Management LLC purchased a new stake in shares of Motorola Solutions during the third quarter valued at approximately $25,000. United Community Bank grew its holdings in 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 acquiring an additional 26 shares in the last quarter. Strategic Advocates LLC acquired a new position in Motorola Solutions in the third quarter worth about $28,000. JPL Wealth Management LLC acquired a new position in shares of Motorola Solutions in the 3rd quarter worth approximately $31,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in Motorola Solutions in the third quarter worth $33,000. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Motorola Solutions Trading Down 0.6%

NYSE MSI opened at $402.62 on Tuesday. The company has a market cap of $67.06 billion, a P/E ratio of 32.31, a P/E/G ratio of 3.03 and a beta of 1.00. Motorola Solutions has a 12 month low of $359.36 and a 12 month high of $492.22. The company has a debt-to-equity ratio of 3.59, a current ratio of 1.03 and a quick ratio of 0.86. The company has a 50-day moving average of $380.78 and a 200-day moving average of $421.17.

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

Motorola Solutions Increases Dividend

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