Motorola Solutions (NYSE:MSI) Price Target Raised to $530.00

Motorola Solutions (NYSE:MSI) had its target price hoisted by Deutsche Bank Aktiengesellschaft from $440.00 to $530.00 in a report published on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the communications equipment provider’s stock.

A number of other brokerages also recently issued reports on MSI. Bank of America boosted their price objective on shares of Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. upped their price target on Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Evercore ISI lifted their price objective on Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Raymond James increased their target price on shares of Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Jefferies Financial Group lifted their price target on shares of Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average price target of $506.29.

Motorola Solutions Stock Down 0.2 %

Motorola Solutions stock opened at $499.82 on Tuesday. Motorola Solutions has a one year low of $307.09 and a one year high of $507.82. The stock has a fifty day moving average of $471.53 and a 200 day moving average of $424.21. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.07 and a current ratio of 1.25. The stock has a market cap of $83.53 billion, a PE ratio of 54.74, a price-to-earnings-growth ratio of 3.97 and a beta of 0.97.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 EPS for the quarter, beating the consensus estimate of $3.10 by $0.36. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. As a group, sell-side analysts predict that Motorola Solutions will post 12.48 EPS for the current year.

Motorola Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be issued a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Friday, December 13th. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s payout ratio is 47.75%.

Institutional Trading of Motorola Solutions

Institutional investors and hedge funds have recently bought and sold shares of the stock. MFA Wealth Advisors LLC bought a new stake in Motorola Solutions in the 2nd quarter worth approximately $25,000. Beacon Capital Management LLC lifted its position in Motorola Solutions by 71.8% during the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 28 shares during the last quarter. LRI Investments LLC grew its stake in shares of Motorola Solutions by 871.4% in the 2nd quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock worth $26,000 after buying an additional 61 shares in the last quarter. Triad Wealth Partners LLC purchased a new position in shares of Motorola Solutions in the 2nd quarter worth $29,000. Finally, FSA Wealth Management LLC bought a new stake in shares of Motorola Solutions in the 3rd quarter worth about $29,000. 84.17% of the stock is currently owned by institutional investors.

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.