Truist Financial Upgrades Motorola Solutions (NYSE:MSI) to Strong-Buy

Motorola Solutions (NYSE:MSI) was upgraded by investment analysts at Truist Financial to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Other equities research analysts have also issued reports about the company. Argus upgraded Motorola Solutions to a “strong-buy” rating in a research note on Friday, February 13th. Piper Sandler reiterated an “overweight” rating and set a $499.00 target price (up from $443.00) on shares of Motorola Solutions in a research note on Thursday, February 12th. Weiss Ratings raised shares of Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. Northcoast Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price target on the stock in a research report on Monday, December 1st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Motorola Solutions from $515.00 to $520.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $502.50.

Motorola Solutions Stock Up 1.6%

Shares of Motorola Solutions stock opened at $433.78 on Monday. The business has a 50-day moving average price of $444.62 and a 200 day moving average price of $420.61. Motorola Solutions has a fifty-two week low of $359.36 and a fifty-two week high of $492.22. The firm has a market cap of $71.86 billion, a P/E ratio of 34.00, a P/E/G ratio of 2.99 and a beta of 0.96. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 3.47.

Motorola Solutions (NYSE:MSI) last released its earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 EPS for the quarter, topping analysts’ consensus estimates of $4.35 by $0.24. The company had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.34 billion. Motorola Solutions had a return on equity of 110.75% and a net margin of 18.44%.Motorola Solutions’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the business posted $4.04 EPS. On average, sell-side analysts forecast that Motorola Solutions will post 13.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Motorola Solutions news, CEO Gregory Q. Brown sold 28,435 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $477.95, for a total value of $13,590,508.25. Following the sale, the chief executive officer directly owned 90,721 shares of the company’s stock, valued at $43,360,101.95. This trade represents a 23.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Cynthia Yazdi sold 7,000 shares of the firm’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $471.01, for a total value of $3,297,070.00. Following the completion of the sale, the chief executive officer owned 9,529 shares in the company, valued at $4,488,254.29. The trade was a 42.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 129,069 shares of company stock valued at $60,779,964 over the last three months. Company insiders own 1.44% of the company’s stock.

Institutional Trading of Motorola Solutions

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Motorola Solutions by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 22,171,959 shares of the communications equipment provider’s stock worth $10,139,015,000 after purchasing an additional 286,366 shares during the last quarter. Capital World Investors raised its holdings in shares of Motorola Solutions by 5.5% during the third quarter. Capital World Investors now owns 9,386,519 shares of the communications equipment provider’s stock valued at $4,292,310,000 after buying an additional 490,354 shares during the last quarter. State Street Corp boosted its position in shares of Motorola Solutions by 1.3% during the second quarter. State Street Corp now owns 7,681,622 shares of the communications equipment provider’s stock worth $3,237,985,000 after buying an additional 101,408 shares during the period. Raymond James Financial Inc. boosted its position in shares of Motorola Solutions by 0.9% during the third quarter. Raymond James Financial Inc. now owns 3,433,482 shares of the communications equipment provider’s stock worth $1,570,096,000 after buying an additional 31,744 shares during the period. Finally, Norges Bank bought a new position in Motorola Solutions in the 4th quarter worth approximately $942,542,000. 84.17% of the stock is currently owned by institutional investors.

Motorola Solutions Company Profile

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.