Motorola Solutions (NYSE:MSI) Price Target Increased to $372.00 by Analysts at Barclays

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

Several other research firms have also recently issued reports on MSI. StockNews.com upgraded shares of Motorola Solutions from a hold rating to a buy rating in a report on Monday, February 12th. JPMorgan Chase & Co. boosted their price objective on Motorola Solutions from $360.00 to $400.00 and gave the stock an overweight rating in a research note on Thursday, April 11th. Evercore ISI initiated coverage on Motorola Solutions in a research note on Monday, March 25th. They set an outperform rating and a $400.00 target price for the company. Deutsche Bank Aktiengesellschaft began coverage on Motorola Solutions in a report on Friday, January 19th. They set a buy rating and a $350.00 target price on the stock. Finally, William Blair reissued an outperform rating on shares of Motorola Solutions in a report on Friday, February 9th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $351.50.

Motorola Solutions Stock Performance

MSI stock traded up $17.46 on Friday, reaching $353.70. The company’s stock had a trading volume of 1,151,473 shares, compared to its average volume of 724,940. Motorola Solutions has a 52 week low of $269.64 and a 52 week high of $356.17. The company has a debt-to-equity ratio of 6.37, a current ratio of 1.00 and a quick ratio of 0.85. The company has a market capitalization of $58.76 billion, a P/E ratio of 43.72, a price-to-earnings-growth ratio of 3.11 and a beta of 0.91. The firm has a fifty day moving average of $343.38 and a two-hundred day moving average of $323.81.

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

Motorola Solutions Announces Dividend

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

Insiders Place Their Bets

In other Motorola Solutions news, SVP Cynthia Yazdi sold 4,744 shares of the firm’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 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 filing with the SEC, which is accessible through this link. Corporate insiders own 1.50% of the company’s stock.

Institutional Trading of Motorola Solutions

Hedge funds have recently modified their holdings of the business. Capital World Investors lifted its stake in Motorola Solutions by 0.4% in the 4th quarter. Capital World Investors now owns 12,176,768 shares of the communications equipment provider’s stock worth $3,812,424,000 after acquiring an additional 44,279 shares in the last quarter. FMR LLC increased its holdings in shares of Motorola Solutions by 1.6% in the 3rd quarter. FMR LLC now owns 2,350,325 shares of the communications equipment provider’s stock valued at $639,853,000 after purchasing an additional 37,718 shares during the period. Raymond James & Associates lifted its position in shares of Motorola Solutions by 3.8% in the first quarter. Raymond James & Associates now owns 2,237,587 shares of the communications equipment provider’s stock worth $794,299,000 after purchasing an additional 81,990 shares in the last quarter. Norges Bank acquired a new stake in shares of Motorola Solutions during the fourth quarter worth approximately $646,341,000. Finally, Invesco Ltd. grew its position in Motorola Solutions by 0.4% during the third quarter. Invesco Ltd. now owns 2,006,858 shares of the communications equipment provider’s stock valued at $546,347,000 after purchasing an additional 8,514 shares in the last quarter. Hedge funds and other 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.