Motorola Solutions (NYSE:MSI) Price Target Increased to $301.00 by Analysts at Credit Suisse Group

kopsource · Aug 14, 2022 04:11

Motorola Solutions (NYSE:MSI – Get Rating) had its price target raised by Credit Suisse Group to $301.00 in a research note released on Tuesday morning, Stock Target Advisor reports.

Other equities research analysts also recently issued reports about the stock. StockNews.com raised shares of Motorola Solutions from a hold rating to a buy rating in a report on Friday, August 5th. Loop Capital started coverage on shares of Motorola Solutions in a report on Monday, April 25th. They issued a buy rating and a $295.00 price target for the company. Barclays upped their price target on shares of Motorola Solutions to $305.00 in a report on Tuesday. Cowen boosted their price objective on Motorola Solutions to $311.00 in a report on Tuesday. Finally, Morgan Stanley upgraded Motorola Solutions from an equal weight rating to an overweight rating and set a $240.00 price objective on the stock in a report on Monday, May 23rd. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $287.11.

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Motorola Solutions Stock Performance

Shares of MSI opened at $255.97 on Tuesday. Motorola Solutions has a 1 year low of $195.18 and a 1 year high of $273.65. The company has a market cap of $42.82 billion, a price-to-earnings ratio of 36.94, a price-to-earnings-growth ratio of 3.09 and a beta of 0.92. The firm has a fifty day moving average of $220.64 and a 200-day moving average of $222.71.

Motorola Solutions (NYSE:MSI – Get Rating) last posted its quarterly earnings data on Thursday, August 4th. The communications equipment provider reported $2.07 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.20. The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.06 billion. Motorola Solutions had a net margin of 14.22% and a negative return on equity of 571.78%. The company's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.94 earnings per share. Analysts predict that Motorola Solutions will post 9.08 EPS for the current year.

Motorola Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Wednesday, June 15th were given a dividend of $0.79 per share. The ex-dividend date of this dividend was Tuesday, June 14th. This represents a $3.16 dividend on an annualized basis and a yield of 1.23%. Motorola Solutions's payout ratio is currently 45.60%.

Insider Activity

In related news, CEO Gregory Q. Brown sold 25,000 shares of the company's stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $219.75, for a total value of $5,493,750.00. Following the completion of the transaction, the chief executive officer now directly owns 35,348 shares in the company, valued at $7,767,723. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.85% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC increased its stake in shares of Motorola Solutions by 12.9% in the second quarter. Renaissance Technologies LLC now owns 29,800 shares of the communications equipment provider's stock valued at $6,246,000 after buying an additional 3,400 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of Motorola Solutions by 42.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,058 shares of the communications equipment provider's stock valued at $2,108,000 after buying an additional 2,997 shares in the last quarter. Consolidated Planning Corp bought a new position in Motorola Solutions in the second quarter valued at about $3,945,000. Natixis boosted its holdings in Motorola Solutions by 451.2% in the second quarter. Natixis now owns 7,270 shares of the communications equipment provider's stock valued at $1,524,000 after acquiring an additional 5,951 shares during the last quarter. Finally, LPL Financial LLC boosted its holdings in Motorola Solutions by 5.2% in the second quarter. LPL Financial LLC now owns 66,605 shares of the communications equipment provider's stock valued at $13,960,000 after acquiring an additional 3,268 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

About Motorola Solutions

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Motorola Solutions, Inc provides mission critical communications and analytics 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.