Motorola Solutions (NYSE:MSI) PT Raised to $405.00

Motorola Solutions (NYSE:MSI) had its price objective increased by JPMorgan Chase & Co. from $400.00 to $405.00 in a research note released on Friday morning, Benzinga reports. They currently have an overweight rating on the communications equipment provider’s stock.

Several other brokerages also recently weighed in on MSI. William Blair reiterated an outperform rating on shares of Motorola Solutions in a research report on Friday, February 9th. Deutsche Bank Aktiengesellschaft initiated coverage on Motorola Solutions in a report on Friday, January 19th. They set a buy rating and a $350.00 price target on the stock. Evercore ISI began coverage on Motorola Solutions in a report on Monday, March 25th. They issued an outperform rating and a $400.00 price objective for the company. StockNews.com raised Motorola Solutions from a hold rating to a buy rating in a research note on Monday, February 12th. Finally, Barclays increased their price target on Motorola Solutions from $362.00 to $372.00 and gave the stock an overweight rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $351.50.

Motorola Solutions Stock Up 5.2 %

MSI stock traded up $17.46 during mid-day trading on Friday, hitting $353.70. 1,151,473 shares of the company were exchanged, compared to its average volume of 724,940. The firm has a fifty day simple moving average of $342.91 and a 200 day simple moving average of $323.39. The company has a market capitalization of $58.76 billion, a PE ratio of 43.72, a price-to-earnings-growth ratio of 3.11 and a beta of 0.91. Motorola Solutions has a twelve month low of $269.64 and a twelve month high of $356.17. The company has a current ratio of 1.00, a quick ratio of 0.85 and a debt-to-equity ratio of 6.37.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, February 8th. The communications equipment provider reported $3.90 EPS for the quarter, topping analysts’ consensus estimates of $3.63 by $0.27. The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.82 billion. Motorola Solutions had a net margin of 13.64% and a return on equity of 408.01%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.38 earnings per share. On average, research analysts forecast that Motorola Solutions will post 11.74 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 15th were paid a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend was Thursday, March 14th. Motorola Solutions’s dividend payout ratio is presently 48.45%.

Insider Activity at Motorola Solutions

In other Motorola Solutions news, SVP Cynthia Yazdi sold 4,744 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $334.30, for a total value of $1,585,919.20. Following the completion of the sale, the senior vice president now directly owns 8,858 shares of the company’s stock, valued at approximately $2,961,229.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Private Wealth Management Group LLC acquired a new position in shares of Motorola Solutions in the 4th quarter worth $29,000. Rise Advisors LLC acquired a new stake in Motorola Solutions during the 1st quarter worth about $29,000. Northwest Capital Management Inc lifted its stake in Motorola Solutions by 71.4% during the fourth quarter. Northwest Capital Management Inc now owns 96 shares of the communications equipment provider’s stock valued at $30,000 after buying an additional 40 shares in the last quarter. Motco boosted its holdings in shares of Motorola Solutions by 137.5% in the fourth quarter. Motco now owns 95 shares of the communications equipment provider’s stock worth $30,000 after buying an additional 55 shares during the period. Finally, Hexagon Capital Partners LLC increased its position in shares of Motorola Solutions by 78.7% in the first quarter. Hexagon Capital Partners LLC now owns 84 shares of the communications equipment provider’s stock worth $30,000 after acquiring an additional 37 shares in the last quarter. Institutional investors own 84.17% of the company’s stock.

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.