Fintel reports that on March 25, 2024, Evercore ISI Group initiated coverage of Motorola Solutions (NYSE:MSI) with a Outperform recommendation.

Analyst Price Forecast Suggests 5.86% Upside

As of March 11, 2024, the average one-year price target for Motorola Solutions is 368.97. The forecasts range from a low of 338.35 to a high of $404.25. The average price target represents an increase of 5.86% from its latest reported closing price of 348.56.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Motorola Solutions is 10,219MM, an increase of 2.42%. The projected annual non-GAAP EPS is 12.71.

Motorola Solutions Declares $0.98 Dividend

On February 21, 2024 the company declared a regular quarterly dividend of $0.98 per share ($3.92 annualized). Shareholders of record as of March 15, 2024 will receive the payment on April 15, 2024. Previously, the company paid $0.98 per share.

At the current share price of $348.56 / share, the stock's dividend yield is 1.12%.

Looking back five years and taking a sample every week, the average dividend yield has been 1.41%, the lowest has been 1.10%, and the highest has been 2.06%. The standard deviation of yields is 0.20 (n=234).

The current dividend yield is 1.40 standard deviations below the historical average.

Additionally, the company's dividend payout ratio is 0.38. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company's 3-Year dividend growth rate is 0.38%, demonstrating that it has increased its dividend over time.

What is the Fund Sentiment?

There are 1977 funds or institutions reporting positions in Motorola Solutions. This is an increase of 73 owner(s) or 3.83% in the last quarter. Average portfolio weight of all funds dedicated to MSI is 0.34%, a decrease of 2.06%. Total shares owned by institutions increased in the last three months by 0.88% to 164,156K shares. The put/call ratio of MSI is 1.29, indicating a bearish outlook.

What are Other Shareholders Doing?

Capital World Investors holds 12,177K shares representing 7.33% ownership of the company. In it's prior filing, the firm reported owning 12,132K shares, representing an increase of 0.36%. The firm increased its portfolio allocation in MSI by 3.63% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 5,202K shares representing 3.13% ownership of the company. In it's prior filing, the firm reported owning 5,209K shares, representing a decrease of 0.14%. The firm increased its portfolio allocation in MSI by 2.63% over the last quarter.

VFINX - Vanguard 500 Index Fund Investor Shares holds 4,054K shares representing 2.44% ownership of the company. In it's prior filing, the firm reported owning 4,015K shares, representing an increase of 0.96%. The firm increased its portfolio allocation in MSI by 2.57% over the last quarter.

VIMSX - Vanguard Mid-Cap Index Fund Investor Shares holds 3,720K shares representing 2.24% ownership of the company. In it's prior filing, the firm reported owning 3,782K shares, representing a decrease of 1.67%. The firm increased its portfolio allocation in MSI by 1.09% over the last quarter.

AGTHX - GROWTH FUND OF AMERICA holds 3,695K shares representing 2.22% ownership of the company. In it's prior filing, the firm reported owning 3,708K shares, representing a decrease of 0.34%. The firm increased its portfolio allocation in MSI by 12.46% over the last quarter.

Motorola Solutions Background Information
(This description is provided by the company.)

Motorola Solutions is a global leader in mission-critical communications and analytics. Our technologies in land mobile radio mission-critical communications, command center software and video security & analytics, bolstered by managed & support services, make cities safer and help businesses stay productive and secure. At Motorola Solutions, we are ushering in a new era in public safety and security.