Motorola Solutions (NYSE:MSI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Motorola Solutions (NYSE:MSI) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.

Other equities analysts have also recently issued reports about the stock. Morgan Stanley reaffirmed an “overweight” rating and issued a $470.00 target price on shares of Motorola Solutions in a report on Thursday, February 12th. Barclays lifted their target price on shares of Motorola Solutions from $495.00 to $506.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Truist Financial initiated coverage on shares of Motorola Solutions in a report on Tuesday, March 31st. They issued a “buy” rating and a $540.00 target price on the stock. Weiss Ratings raised shares of Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. Finally, Piper Sandler reiterated an “overweight” rating and set a $499.00 target price (up from $443.00) on shares of Motorola Solutions in a research note on Thursday, February 12th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Motorola Solutions has a consensus rating of “Buy” and an average target price of $502.50.

Motorola Solutions Stock Up 1.2%

Shares of NYSE MSI opened at $447.14 on Friday. The business has a 50-day moving average price of $453.99 and a 200 day moving average price of $418.19. The stock has a market cap of $74.32 billion, a PE ratio of 35.04, a price-to-earnings-growth ratio of 3.08 and a beta of 0.99. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 3.47. Motorola Solutions has a 52-week low of $359.36 and a 52-week high of $492.22.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 EPS for the quarter, topping 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 return on equity of 110.75% and a net margin of 18.44%.The firm’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.04 earnings per share. Equities research analysts forecast that Motorola Solutions will post 15.27 earnings per share for the current year.

Motorola Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Friday, March 20th were given a $1.21 dividend. This represents a $4.84 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, March 20th. Motorola Solutions’s payout ratio is 37.93%.

Insider Activity at Motorola Solutions

In other Motorola Solutions news, CEO Gregory Q. Brown sold 50,000 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $468.09, for a total value of $23,404,500.00. Following the transaction, the chief executive officer directly owned 47,167 shares of the company’s stock, valued at approximately $22,078,401.03. The trade was a 51.46% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kenneth D. Denman sold 434 shares of the business’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $470.12, for a total transaction of $204,032.08. Following the completion of the transaction, the director directly owned 7,153 shares in the company, valued at $3,362,768.36. This represents a 5.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 129,069 shares of company stock worth $60,779,964 in the last quarter. Company insiders own 1.28% of the company’s stock.

Hedge Funds Weigh In On Motorola Solutions

Several institutional investors have recently bought and sold shares of the company. Covea Finance grew its stake 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 purchasing an additional 6,153 shares during the period. Capital World Investors grew its stake in shares of Motorola Solutions by 5.5% during the 3rd quarter. Capital World Investors now owns 9,386,519 shares of the communications equipment provider’s stock worth $4,292,310,000 after purchasing an additional 490,354 shares during the period. Swedbank AB grew its stake in shares of Motorola Solutions by 20.3% during the 3rd 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 period. Barden Capital Management Inc. acquired a new position in shares of Motorola Solutions during the 3rd quarter worth $1,462,000. Finally, Varma Mutual Pension Insurance Co grew its stake in shares of Motorola Solutions by 8.4% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 29,701 shares of the communications equipment provider’s stock worth $13,582,000 after purchasing an additional 2,300 shares during the period. 84.17% of the stock is owned by institutional investors and hedge funds.

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.