Motorola Solutions (NYSE:MSI) Price Target Raised to $520.00 at Bank of America

Motorola Solutions (NYSE:MSI) had its target price upped by Bank of America from $440.00 to $520.00 in a report published on Wednesday, Benzinga reports. They currently have a buy rating on the communications equipment provider’s stock.

MSI has been the subject of several other research reports. Barclays boosted their target price on shares of Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Evercore ISI boosted their target price on shares of Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. JPMorgan Chase & Co. boosted their target price on shares of Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Jefferies Financial Group boosted their target price on shares of Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $479.50.

Motorola Solutions Stock Performance

Motorola Solutions stock opened at $467.08 on Wednesday. Motorola Solutions has a 12-month low of $271.73 and a 12-month high of $480.28. The company has a market capitalization of $77.91 billion, a price-to-earnings ratio of 57.74, a price-to-earnings-growth ratio of 4.07 and a beta of 0.97. The company has a debt-to-equity ratio of 7.03, a current ratio of 1.20 and a quick ratio of 1.03. The firm’s fifty day moving average price is $446.40 and its 200 day moving average price is $399.51.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.01 by $0.23. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. The firm had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter in the previous year, the firm posted $2.41 EPS. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. On average, research analysts forecast that Motorola Solutions will post 12.22 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th were issued a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 0.84%. The ex-dividend date was Friday, September 13th. Motorola Solutions’s dividend payout ratio (DPR) is presently 48.45%.

Insider Activity

In other news, COO John P. Molloy sold 23,985 shares of Motorola Solutions stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $407.50, for a total value of $9,773,887.50. Following the completion of the transaction, the chief operating officer now directly owns 46,821 shares of the company’s stock, valued at approximately $19,079,557.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Park Avenue Securities LLC boosted its stake in Motorola Solutions by 5.7% during the 1st quarter. Park Avenue Securities LLC now owns 2,982 shares of the communications equipment provider’s stock valued at $1,058,000 after purchasing an additional 162 shares during the period. Dynamic Advisor Solutions LLC boosted its stake in Motorola Solutions by 19.6% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 4,063 shares of the communications equipment provider’s stock valued at $1,442,000 after purchasing an additional 665 shares during the period. Brookstone Capital Management boosted its stake in Motorola Solutions by 17.6% during the 1st quarter. Brookstone Capital Management now owns 881 shares of the communications equipment provider’s stock valued at $313,000 after purchasing an additional 132 shares during the period. Harbour Capital Advisors LLC boosted its stake in Motorola Solutions by 2.7% during the 1st quarter. Harbour Capital Advisors LLC now owns 5,013 shares of the communications equipment provider’s stock valued at $1,765,000 after purchasing an additional 134 shares during the period. Finally, MCF Advisors LLC boosted its stake in Motorola Solutions by 12.7% during the 1st quarter. MCF Advisors LLC now owns 541 shares of the communications equipment provider’s stock valued at $192,000 after purchasing an additional 61 shares during the period. 84.17% of the stock is owned by institutional investors and hedge funds.

About Motorola Solutions

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.