Shares of Motorola Solutions Inc (NYSE:MSI) have been assigned a consensus rating of “Buy” from the sixteen brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $128.68.

MSI has been the topic of a number of analyst reports. Zacks Investment Research raised Motorola Solutions from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a research note on Wednesday, November 14th. Deutsche Bank upped their target price on Motorola Solutions from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, November 5th. Citigroup cut their target price on Motorola Solutions from $146.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, November 2nd. Jefferies Financial Group upped their target price on Motorola Solutions from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, August 28th. Finally, Credit Suisse Group set a $137.00 target price on Motorola Solutions and gave the company a “buy” rating in a research note on Monday, August 20th.

NYSE MSI traded down $0.32 during trading hours on Thursday, hitting $129.76. 1,246,500 shares of the company were exchanged, compared to its average volume of 1,098,622. Motorola Solutions has a 52 week low of $89.18 and a 52 week high of $133.97. The stock has a market capitalization of $21.27 billion, a P/E ratio of 24.95, a PEG ratio of 1.99 and a beta of 0.46.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, November 1st. The communications equipment provider reported $1.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.72 by $0.22. Motorola Solutions had a negative return on equity of 68.88% and a negative net margin of 0.44%. The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the previous year, the firm posted $1.53 earnings per share. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. As a group, equities analysts predict that Motorola Solutions will post 6.67 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Friday, December 14th will be issued a $0.57 dividend. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.52. The ex-dividend date is Thursday, December 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.76%. Motorola Solutions’s payout ratio is presently 40.00%.

In related news, CEO Cynthia Yazdi sold 735 shares of the business’s stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $124.70, for a total value of $91,654.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Rajan Naik sold 14,606 shares of the business’s stock in a transaction that occurred on Monday, November 26th. The shares were sold at an average price of $127.00, for a total value of $1,854,962.00. Following the completion of the sale, the senior vice president now owns 10,544 shares of the company’s stock, valued at approximately $1,339,088. The disclosure for this sale can be found here. Insiders sold 952,530 shares of company stock valued at $120,146,516 in the last quarter. 2.20% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in MSI. Belpointe Asset Management LLC purchased a new stake in Motorola Solutions during the third quarter worth $536,000. Vanguard Group Inc. lifted its holdings in Motorola Solutions by 1.7% during the third quarter. Vanguard Group Inc. now owns 17,158,918 shares of the communications equipment provider’s stock worth $2,233,062,000 after buying an additional 280,698 shares during the period. Morgan Stanley lifted its holdings in Motorola Solutions by 11.7% during the third quarter. Morgan Stanley now owns 292,705 shares of the communications equipment provider’s stock worth $38,093,000 after buying an additional 30,712 shares during the period. Legal & General Group Plc lifted its holdings in Motorola Solutions by 6.9% during the third quarter. Legal & General Group Plc now owns 982,431 shares of the communications equipment provider’s stock worth $127,810,000 after buying an additional 63,802 shares during the period. Finally, Kepos Capital LP lifted its holdings in Motorola Solutions by 769.1% during the third quarter. Kepos Capital LP now owns 55,239 shares of the communications equipment provider’s stock worth $7,189,000 after buying an additional 48,883 shares during the period. Hedge funds and other institutional investors own 85.77% of the company’s stock.

About Motorola Solutions

Motorola Solutions, Inc, together with its subsidiaries, provides mission-critical communication infrastructure, devices, accessories, software, and services in the United States, the United Kingdom, and internationally. The company operates in two segments, Products and Services. The Products segment offers a portfolio of infrastructure, devices, accessories, and software for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.

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Analyst Recommendations for Motorola Solutions (NYSE:MSI)

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