Motorola Solutions, Inc. Declares Quarterly Dividend of $1.21 (NYSE:MSI)

Motorola Solutions, Inc. (NYSE:MSI) declared a quarterly dividend on Wednesday, February 25th. Stockholders of record on Friday, March 20th will be given a dividend of 1.21 per share by the communications equipment provider on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, March 20th.

Motorola Solutions has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 13 years. Motorola Solutions has a payout ratio of 30.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Motorola Solutions to earn $14.79 per share next year, which means the company should continue to be able to cover its $4.84 annual dividend with an expected future payout ratio of 32.7%.

Motorola Solutions Stock Performance

Shares of MSI traded up $0.13 during trading hours on Thursday, hitting $471.46. The stock had a trading volume of 229,942 shares, compared to its average volume of 1,180,378. The firm has a market capitalization of $78.10 billion, a PE ratio of 36.96, a PEG ratio of 3.30 and a beta of 1.00. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.04 and a quick ratio of 0.87. Motorola Solutions has a 12 month low of $359.36 and a 12 month high of $492.22. The stock has a fifty day moving average price of $406.94 and a 200 day moving average price of $422.39.

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on MSI. Piper Sandler reaffirmed an “overweight” rating and set a $499.00 target price (up from $443.00) on shares of Motorola Solutions in a report on Thursday, February 12th. Morgan Stanley reissued an “overweight” rating and set a $470.00 price objective on shares of Motorola Solutions in a research report on Thursday, February 12th. Northcoast Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price objective for the company in a research note on Monday, December 1st. Barclays lifted their target price on Motorola Solutions from $495.00 to $506.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Motorola Solutions from $515.00 to $520.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Motorola Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $497.14.

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.