Motorola Solutions (NYSE:MSI) Stock Gets Price Target Bump from JPMorgan Chase & Co.

Motorola Solutions (NYSE:MSI – Get Free Report) had its price target increased by analysts at JPMorgan Chase & Co. from $545.00 to $570.00 in a report released on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the communications equipment provider’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 10.55% from the company’s current price.

Several other research analysts have also recently issued reports on the company. Piper Sandler reaffirmed an “overweight” rating and set a $533.00 price objective (up from $531.00) on shares of Motorola Solutions in a research report on Thursday. Bank of America reissued a “buy” rating on shares of Motorola Solutions in a research report on Thursday, August 6th. UBS Group boosted their target price on Motorola Solutions from $510.00 to $520.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Weiss Ratings raised Motorola Solutions from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Finally, Truist Financial upped their price target on Motorola Solutions from $550.00 to $555.00 and gave the company a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $540.70.

Check Out Our Latest Analysis on Motorola Solutions

Motorola Solutions Stock Up 3.7%

Shares of MSI traded up $18.59 during midday trading on Thursday, reaching $515.58. The stock had a trading volume of 3,406,328 shares, compared to its average volume of 1,062,624. The company has a market cap of $85.32 billion, a price-to-earnings ratio of 40.60, a PEG ratio of 2.93 and a beta of 0.86. The company’s fifty day simple moving average is $466.82 and its two-hundred day simple moving average is $440.68. Motorola Solutions has a 1-year low of $359.36 and a 1-year high of $548.28. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.10 and a quick ratio of 0.86.

Motorola Solutions (NYSE:MSI – Get Free Report) last issued its earnings results on Wednesday, November 4th. The communications equipment provider reported $4.69 EPS for the quarter, topping analysts’ consensus estimates of $4.42 by $0.27. The firm had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.25 billion. Motorola Solutions had a net margin of 17.44% and a return on equity of 98.22%. The company’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.06 earnings per share. Equities research analysts expect that Motorola Solutions will post 15.87 earnings per share for the current year.

Insider Transactions at Motorola Solutions

In related news, CEO Gregory Brown sold 14,220 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $485.22, for a total value of $6,899,828.40. Following the completion of the sale, the chief executive officer directly owned 66,648 shares of the company’s stock, valued at $32,338,942.56. This represents a 17.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kathryn A. Moore sold 1,004 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $476.96, for a total value of $478,867.84. Following the transaction, the senior vice president owned 1,282 shares in the company, valued at $611,462.72. This represents a 43.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.28% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MSI. Whipplewood Advisors LLC boosted its position in Motorola Solutions by 1,966.7% during the first quarter. Whipplewood Advisors LLC now owns 62 shares of the communications equipment provider’s stock worth $27,000 after purchasing an additional 59 shares in the last quarter. Western Wealth Management LLC purchased a new position in shares of Motorola Solutions in the first quarter valued at $27,000. Field & Main Bank purchased a new position in shares of Motorola Solutions in the second quarter valued at $31,000. Gen Wealth Partners Inc increased its position in shares of Motorola Solutions by 310.5% in the third quarter. Gen Wealth Partners Inc now owns 78 shares of the communications equipment provider’s stock valued at $35,000 after buying an additional 59 shares in the last quarter. Finally, Lodestone Wealth Management LLC raised its stake in shares of Motorola Solutions by 53.7% during the 3rd quarter. Lodestone Wealth Management LLC now owns 83 shares of the communications equipment provider’s stock worth $37,000 after buying an additional 29 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions News Summary

Here are the key news stories impacting Motorola Solutions this week:

Motorola Solutions Company Profile

(Get Free Report)

Motorola Solutions, Inc provides mission-critical communications, public safety, and enterprise security technologies. The company develops products and services that help governments, law enforcement agencies, emergency responders, commercial organizations, and other institutions coordinate operations, protect people, and manage critical events.

Its portfolio includes two-way radios and broadband communication systems, command center software, computer-aided dispatch and records management solutions, video security and analytics, access control, and cybersecurity services.

Further Reading

Analyst Recommendations for Motorola Solutions (NYSE:MSI)

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