Shares of Motorola Solutions Inc (NYSE:MSI) have received a consensus recommendation of “Buy” from the sixteen brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $135.63.

A number of equities analysts have recently issued reports on the company. ValuEngine raised Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Friday, February 8th. Credit Suisse Group reaffirmed a “buy” rating and set a $134.00 price target on shares of Motorola Solutions in a research report on Wednesday, January 16th. Zacks Investment Research raised Motorola Solutions from a “hold” rating to a “buy” rating and set a $142.00 price target on the stock in a research report on Monday, December 17th. BTIG Research upped their price target on Motorola Solutions from $137.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Finally, Deutsche Bank upped their price target on Motorola Solutions to $150.00 and gave the stock a “buy” rating in a research report on Friday, February 8th.

Shares of NYSE MSI traded down $0.02 during trading hours on Wednesday, reaching $143.21. The stock had a trading volume of 18,559 shares, compared to its average volume of 794,998. The firm has a market capitalization of $23.52 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 2.43 and a beta of 0.59. Motorola Solutions has a 52-week low of $105.06 and a 52-week high of $144.94.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, February 7th. The communications equipment provider reported $2.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.41 by $0.22. The firm had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.22 billion. Motorola Solutions had a negative return on equity of 82.33% and a net margin of 13.17%. Motorola Solutions’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.10 earnings per share. Equities research analysts anticipate that Motorola Solutions will post 7.36 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 15th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Thursday, March 14th. Motorola Solutions’s payout ratio is 33.38%.

In related news, EVP Kelly S. Mark sold 13,600 shares of the company’s stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $142.71, for a total value of $1,940,856.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP John P. Molloy sold 79,995 shares of the company’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $139.42, for a total value of $11,152,902.90. The disclosure for this sale can be found here. 2.99% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in MSI. Truvestments Capital LLC acquired a new stake in Motorola Solutions during the 1st quarter worth about $28,000. Liberty Wealth Management LLC acquired a new stake in Motorola Solutions during the 4th quarter worth about $32,000. Exane Asset Management acquired a new stake in Motorola Solutions during the 4th quarter worth about $35,000. Oregon Public Employees Retirement Fund grew its position in Motorola Solutions by 10,544.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,378,307 shares of the communications equipment provider’s stock worth $38,000 after purchasing an additional 4,337,175 shares during the period. Finally, Sontag Advisory LLC acquired a new stake in Motorola Solutions during the 4th quarter worth about $38,000. 87.40% of the stock is currently owned by institutional investors.

About Motorola Solutions

Motorola Solutions, Inc provides mission-critical communication solutions the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Services and Software. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video solutions, as well as the implementation, optimization, and integration of networks, devices, software, and applications 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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