Motorola Solutions (NYSE:MSI) Reaches New 52-Week High – Time to Buy?

Motorola Solutions, Inc. (NYSE:MSI) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $483.73 and last traded at $469.16, with a volume of 741044 shares changing hands. The stock had previously closed at $462.09.

Analyst Upgrades and Downgrades

Several analysts have commented on MSI shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Bank of America increased their price target on Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Barclays boosted their price target on shares of Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. increased their price objective on shares of Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Evercore ISI raised their price target on shares of Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Motorola Solutions presently has a consensus rating of “Buy” and a consensus price target of $479.50.

Motorola Solutions Stock Performance

The firm’s 50 day moving average is $452.76 and its two-hundred day moving average is $407.52. The stock has a market capitalization of $78.27 billion, a PE ratio of 54.94, a P/E/G ratio of 3.86 and a beta of 0.97. The company has a debt-to-equity ratio of 7.03, a quick ratio of 1.03 and a current ratio of 1.20.

Motorola Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th were issued a $0.98 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.84%. Motorola Solutions’s payout ratio is 45.90%.

Hedge Funds Weigh In On Motorola Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. MFA Wealth Advisors LLC acquired a new position in shares of Motorola Solutions in the 2nd quarter valued at $25,000. Beacon Capital Management LLC increased its position in shares of Motorola Solutions by 71.8% during the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 28 shares in the last quarter. LRI Investments LLC boosted its position in shares of Motorola Solutions by 871.4% in the 2nd quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 61 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new position in Motorola Solutions during the third quarter worth approximately $31,000. Finally, Planning Capital Management Corp purchased a new stake in Motorola Solutions in the third quarter valued at approximately $32,000. 84.17% of the stock is owned by institutional investors and hedge funds.

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.