Motorola Solutions (NYSE:MSI) PT Raised to $372.00

Motorola Solutions (NYSE:MSI) had its price target raised by Barclays from $362.00 to $372.00 in a research note published on Friday morning, Benzinga reports. Barclays currently has an overweight rating on the communications equipment provider’s stock.

A number of other research firms have also recently weighed in on MSI. Evercore ISI assumed coverage on shares of Motorola Solutions in a research note on Monday, March 25th. They set an outperform rating and a $400.00 price target on the stock. StockNews.com raised Motorola Solutions from a hold rating to a buy rating in a research note on Monday, February 12th. Deutsche Bank Aktiengesellschaft initiated coverage on Motorola Solutions in a report on Friday, January 19th. They issued a buy rating and a $350.00 target price on the stock. William Blair reissued an outperform rating on shares of Motorola Solutions in a research report on Friday, February 9th. Finally, JPMorgan Chase & Co. increased their target price on Motorola Solutions from $360.00 to $400.00 and gave the company an overweight rating in a research note on Thursday, April 11th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Motorola Solutions currently has an average rating of Moderate Buy and a consensus price target of $357.43.

Motorola Solutions Price Performance

Shares of NYSE MSI opened at $349.64 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 11.16. The stock has a market cap of $58.32 billion, a P/E ratio of 43.22, a P/E/G ratio of 3.27 and a beta of 0.91. The stock has a 50 day moving average of $343.80 and a two-hundred day moving average of $324.78. Motorola Solutions has a twelve month low of $269.64 and a twelve month high of $356.17.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, February 8th. The communications equipment provider reported $3.90 EPS for the quarter, beating analysts’ consensus estimates of $3.63 by $0.27. The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.82 billion. Motorola Solutions had a net margin of 13.64% and a return on equity of 398.16%. Motorola Solutions’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the business posted $3.38 earnings per share. On average, research analysts forecast that Motorola Solutions will post 11.74 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were issued a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Thursday, March 14th. Motorola Solutions’s dividend payout ratio is currently 48.45%.

Insider Transactions at Motorola Solutions

In related news, SVP Cynthia Yazdi sold 4,744 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $334.30, for a total transaction of $1,585,919.20. Following the transaction, the senior vice president now directly owns 8,858 shares in the company, valued at $2,961,229.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.26% of the company’s stock.

Hedge Funds Weigh In On Motorola Solutions

Institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC boosted its holdings in shares of Motorola Solutions by 5.1% during the third quarter. Commonwealth Equity Services LLC now owns 18,864 shares of the communications equipment provider’s stock valued at $5,136,000 after acquiring an additional 907 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of Motorola Solutions by 1.5% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 15,442 shares of the communications equipment provider’s stock worth $4,204,000 after buying an additional 225 shares during the period. Dakota Wealth Management boosted its position in Motorola Solutions by 118.6% during the 3rd quarter. Dakota Wealth Management now owns 1,502 shares of the communications equipment provider’s stock worth $409,000 after acquiring an additional 815 shares during the period. Stratos Wealth Partners LTD. raised its stake in shares of Motorola Solutions by 17.4% during the third quarter. Stratos Wealth Partners LTD. now owns 1,386 shares of the communications equipment provider’s stock valued at $377,000 after purchasing an additional 205 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. lifted its holdings in Motorola Solutions by 2.6% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 81,867 shares of the communications equipment provider’s stock worth $22,287,000 after purchasing an additional 2,100 shares during the period. 84.17% of the stock is owned by institutional investors.

Motorola Solutions Company Profile

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.