Motorola Solutions (NYSE:MSI – Free Report) had its price target raised by Morgan Stanley from $430.00 to $495.00 in a report released on Tuesday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the communications equipment provider’s stock.
A number of other research analysts also recently commented on the stock. Barclays raised their target price on shares of Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Jefferies Financial Group lifted 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. Evercore ISI upped their target price on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Raymond James increased their target price on Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $504.88.
Read Our Latest Stock Report on MSI
Motorola Solutions Stock Performance
Motorola Solutions (NYSE:MSI – Get Free Report) last issued its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.36. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. As a group, equities analysts predict that Motorola Solutions will post 12.57 EPS for the current year.
Motorola Solutions Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be given a dividend of $1.09 per share. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.98. This represents a $4.36 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend is Friday, December 13th. Motorola Solutions’s dividend payout ratio is currently 47.75%.
Institutional Investors Weigh In On Motorola Solutions
Several institutional investors have recently added to or reduced their stakes in the business. Beacon Capital Management LLC raised its position in shares of Motorola Solutions by 71.8% in the 2nd 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 increased its stake in Motorola Solutions by 871.4% during the 2nd quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 61 shares in the last quarter. FSA Wealth Management LLC purchased a new position in shares of Motorola Solutions in the third quarter worth $29,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Motorola Solutions during the third quarter worth $31,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of Motorola Solutions during the second quarter valued at $32,000. Institutional investors and hedge funds own 84.17% of the company’s stock.
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.
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