Brokerages Set Motorola Solutions, Inc. (NYSE:MSI) PT at $491.86

Motorola Solutions, Inc. (NYSE:MSI) has been given an average rating of “Moderate Buy” by the ten brokerages that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $491.8571.

A number of research firms have issued reports on MSI. Weiss Ratings upgraded shares of Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, January 27th. Barclays reduced their price objective on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Piper Sandler raised Motorola Solutions from a “neutral” rating to an “overweight” rating and lowered their target price for the stock from $465.00 to $443.00 in a research note on Monday, January 5th. Finally, Northcoast Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price target on the stock in a report on Monday, December 1st.

Institutional Investors Weigh In On Motorola Solutions

Large investors have recently modified their holdings of the company. Orion Capital Management LLC purchased a new stake in shares of Motorola Solutions during the 3rd quarter worth $25,000. United Community Bank raised its stake in Motorola Solutions by 81.3% in the third quarter. United Community Bank now owns 58 shares of the communications equipment provider’s stock valued at $27,000 after buying an additional 26 shares in the last quarter. Strategic Advocates LLC acquired a new stake in Motorola Solutions in the third quarter valued at $28,000. Whipplewood Advisors LLC lifted its holdings in Motorola Solutions by 289.5% during the 2nd quarter. Whipplewood Advisors LLC now owns 74 shares of the communications equipment provider’s stock worth $31,000 after buying an additional 55 shares during the last quarter. Finally, JPL Wealth Management LLC acquired a new position in shares of Motorola Solutions during the 3rd quarter worth about $31,000. 84.17% of the stock is owned by hedge funds and other institutional investors.

Motorola Solutions Stock Up 0.4%

Shares of NYSE:MSI opened at $404.23 on Tuesday. The firm has a market capitalization of $67.32 billion, a PE ratio of 32.44, a price-to-earnings-growth ratio of 3.01 and a beta of 1.00. Motorola Solutions has a 1 year low of $359.36 and a 1 year high of $492.22. The company has a debt-to-equity ratio of 3.59, a current ratio of 1.03 and a quick ratio of 0.86. The firm’s 50-day moving average is $382.19 and its two-hundred day moving average is $421.10.

Motorola Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Monday, December 15th were issued a $1.21 dividend. This represents a $4.84 annualized dividend and a yield of 1.2%. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Monday, December 15th. Motorola Solutions’s dividend payout ratio is 38.84%.

About Motorola Solutions

Motorola Solutions, Inc is a provider of mission-critical communications and analytics solutions for public safety and commercial customers. The company designs, manufactures and supports a range of communications equipment and software aimed at enabling first responders, government agencies and enterprises to coordinate and operate reliably in high-pressure environments. Its offerings emphasize secure, resilient connectivity and situational awareness for organizations that require dependable voice, data and video communications.

Product lines include land mobile radio (LMR) systems and handheld and vehicle-mounted radios used by police, fire and emergency medical services; broadband push-to-talk and LTE-based solutions; command-and-control center software for incident management and records; and video security and analytics systems.