Motorola Solutions (NYSE:MSI) Price Target Increased to $467.00 by Analysts at Barclays

Motorola Solutions (NYSE:MSI) had its price objective hoisted by Barclays from $372.00 to $467.00 in a report released on Friday morning, Benzinga reports. The firm currently has an overweight rating on the communications equipment provider’s stock.

A number of other equities analysts have also recently weighed in on MSI. JPMorgan Chase & Co. upped their price objective on shares of Motorola Solutions from $400.00 to $405.00 and gave the company an overweight rating in a research report on Friday, May 3rd. Bank of America upped their price objective on shares of Motorola Solutions from $370.00 to $440.00 and gave the company a buy rating in a research report on Thursday, July 18th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Motorola Solutions from $375.00 to $385.00 and gave the company a buy rating in a research report on Monday, June 3rd. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $393.14.

Motorola Solutions Trading Up 2.9 %

Shares of MSI stock traded up $11.72 on Friday, reaching $410.30. 1,293,684 shares of the stock were exchanged, compared to its average volume of 596,837. Motorola Solutions has a 1-year low of $269.64 and a 1-year high of $410.67. The stock has a market cap of $68.44 billion, a P/E ratio of 50.72, a price-to-earnings-growth ratio of 3.48 and a beta of 0.94. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 11.16. The firm has a 50 day moving average of $384.10 and a two-hundred day moving average of $355.79.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, May 2nd. The communications equipment provider reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.29. Motorola Solutions had a return on equity of 378.15% and a net margin of 14.04%. The firm had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.34 billion. On average, research analysts anticipate that Motorola Solutions will post 12.09 EPS for the current year.

Motorola Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 14th were issued a $0.98 dividend. The ex-dividend date was Friday, June 14th. This represents a $3.92 dividend on an annualized basis and a yield of 0.96%. Motorola Solutions’s dividend payout ratio is currently 48.45%.

Insiders Place Their Bets

In other Motorola Solutions news, CAO Katherine A. Maher sold 2,615 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $354.68, for a total value of $927,488.20. Following the sale, the chief accounting officer now owns 1,138 shares in the company, valued at $403,625.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Katherine A. Maher sold 2,615 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $354.68, for a total transaction of $927,488.20. Following the transaction, the chief accounting officer now owns 1,138 shares in the company, valued at approximately $403,625.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Rajan Naik sold 5,274 shares of Motorola Solutions stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $373.81, for a total transaction of $1,971,473.94. Following the completion of the transaction, the senior vice president now owns 8,939 shares in the company, valued at approximately $3,341,487.59. The disclosure for this sale can be found here. Insiders have sold 9,389 shares of company stock valued at $3,446,461 over the last quarter. Insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale boosted its position in shares of Motorola Solutions by 2.2% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 839,123 shares of the communications equipment provider’s stock valued at $260,204,000 after acquiring an additional 17,807 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in Motorola Solutions by 8.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 189,360 shares of the communications equipment provider’s stock valued at $67,219,000 after buying an additional 15,488 shares in the last quarter. Corient Private Wealth LLC boosted its position in Motorola Solutions by 15.6% in the fourth quarter. Corient Private Wealth LLC now owns 24,237 shares of the communications equipment provider’s stock valued at $7,589,000 after buying an additional 3,278 shares in the last quarter. First Foundation Advisors boosted its position in Motorola Solutions by 37.7% in the first quarter. First Foundation Advisors now owns 354 shares of the communications equipment provider’s stock valued at $126,000 after buying an additional 97 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its position in shares of Motorola Solutions by 29.8% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 20,036 shares of the communications equipment provider’s stock worth $6,273,000 after purchasing an additional 4,594 shares in the last quarter. Institutional investors 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.