Motorola Solutions, Inc. (NYSE:MSI) Receives $479.50 Consensus Price Target from Brokerages

Motorola Solutions, Inc. (NYSE:MSI) has earned an average recommendation of “Buy” from the seven brokerages that are covering the company, MarketBeat reports. Seven analysts have rated the stock with a buy recommendation. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $479.50.

A number of brokerages have commented on MSI. JPMorgan Chase & Co. upped their price target on shares of Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Barclays upped their price target on shares of Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Jefferies Financial Group upped their price objective 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. Finally, Bank of America upped their price objective on shares of Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd.

Motorola Solutions Stock Performance

Shares of MSI opened at $461.90 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 7.03. The stock has a market capitalization of $77.06 billion, a P/E ratio of 54.09, a price-to-earnings-growth ratio of 3.82 and a beta of 0.97. The firm’s fifty day simple moving average is $452.08 and its two-hundred day simple moving average is $407.09. Motorola Solutions has a 12 month low of $298.63 and a 12 month high of $480.28.

Motorola Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 13th were given a $0.98 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.92 annualized dividend and a yield of 0.85%. Motorola Solutions’s payout ratio is 45.90%.

Hedge Funds Weigh In On Motorola Solutions

Several large investors have recently added to or reduced their stakes in the business. Norden Group LLC bought a new position in shares of Motorola Solutions during the 1st quarter worth approximately $216,000. Private Advisor Group LLC lifted its position in shares of Motorola Solutions by 2.1% during the 1st quarter. Private Advisor Group LLC now owns 4,178 shares of the communications equipment provider’s stock worth $1,483,000 after buying an additional 84 shares in the last quarter. Mission Wealth Management LP bought a new position in shares of Motorola Solutions during the 1st quarter worth approximately $301,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Motorola Solutions by 18.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,847 shares of the communications equipment provider’s stock worth $18,405,000 after buying an additional 8,170 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of Motorola Solutions by 0.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 26,111 shares of the communications equipment provider’s stock worth $9,269,000 after buying an additional 186 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.