Motorola Solutions (NYSE:MSI) Stock: Insider Jason Winkler Sells 7,552 Shares

Motorola Solutions, Inc. (NYSE:MSI) CFO Jason Winkler sold 7,552 shares of the stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $529.12, for a total value of $3,995,914.24. Following the completion of the sale, the chief financial officer directly owned 11,319 shares of the company’s stock, valued at $5,989,109.28. This represents a 40.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Motorola Solutions Trading Up 1.5%

Shares of Motorola Solutions stock opened at $535.30 on Thursday. The company’s fifty day simple moving average is $470.50 and its 200-day simple moving average is $443.85. The company has a market cap of $88.50 billion, a price-to-earnings ratio of 34.76, a PEG ratio of 2.87 and a beta of 0.86. The company has a current ratio of 1.10, a quick ratio of 0.85 and a debt-to-equity ratio of 3.03. Motorola Solutions, Inc. has a 1 year low of $359.36 and a 1 year high of $548.28.

Motorola Solutions (NYSE:MSI) last released its earnings results on Wednesday, November 4th. The communications equipment provider reported $4.69 EPS for the quarter, beating the consensus estimate of $4.42 by $0.27. The firm had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.26 billion. Motorola Solutions had a net margin of 16.54% and a return on equity of 94.49%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company earned $4.06 EPS. As a group, sell-side analysts expect that Motorola Solutions, Inc. will post 15.90 EPS for the current year.

Motorola Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 16th were given a $1.21 dividend. This represents a $4.84 annualized dividend and a yield of 0.9%. The ex-dividend date was Wednesday, September 16th. Motorola Solutions’s dividend payout ratio (DPR) is currently 38.94%.

Motorola Solutions News Roundup

Here’s some of the latest news about MSI:

• Positive Sentiment: Motorola Solutions beat third-quarter earnings and revenue estimates, raised its guidance and reported a record backlog. Shares rose about 7% after the results, supporting the recent move to a 52-week high. Axon vs. Motorola: Which Public Safety Stock Has More Upside After Q3 Earnings? Motorola Solutions Reaches a Fresh 52-Week High
• Negative Sentiment: Multiple senior executives sold shares in transactions on November 6 and 9. CEO Gregory Brown sold about 70,800 shares; the CFO and COO also made sizable sales, alongside SVP sales including a roughly $1.1 million transaction. The scale of these sales could weigh on sentiment, although the filings do not explain the reasons. Motorola Solutions Insider Trades Motorola Solutions Insider Sells $1.1 Million in Stock

Institutional Investors Weigh In On Motorola Solutions

Institutional investors have recently bought and sold shares of the business. State Street Corp raised its stake in shares of Motorola Solutions by 4.3% in the 2nd quarter. State Street Corp now owns 7,849,952 shares of the communications equipment provider’s stock valued at $3,269,332,000 after buying an additional 323,725 shares in the last quarter. Aristotle Capital Management LLC bought a new position in shares of Motorola Solutions during the 1st quarter worth about $983,432,000. Amundi lifted its holdings in shares of Motorola Solutions by 1.9% during the 1st quarter. Amundi now owns 1,600,491 shares of the communications equipment provider’s stock worth $694,565,000 after acquiring an additional 30,264 shares during the period. Bank of America Corp DE boosted its position in shares of Motorola Solutions by 34.3% during the 1st quarter. Bank of America Corp DE now owns 1,381,506 shares of the communications equipment provider’s stock valued at $599,532,000 after acquiring an additional 352,679 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of Motorola Solutions by 5.0% during the 1st quarter. Janus Henderson Group PLC now owns 1,244,326 shares of the communications equipment provider’s stock valued at $539,958,000 after acquiring an additional 59,294 shares in the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

Analyst Ratings Changes

MSI has been the subject of a number of research analyst reports. Northcoast Research upped their price objective on shares of Motorola Solutions from $510.00 to $525.00 in a research report on Thursday, August 27th. Bank of America reissued a “buy” rating on shares of Motorola Solutions in a research report on Thursday, August 6th. JPMorgan Chase & Co. boosted their price target on Motorola Solutions from $545.00 to $570.00 and gave the company an “overweight” rating in a research note on Thursday, November 5th. Zacks Research cut Motorola Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 18th. Finally, Truist Financial raised their price objective on Motorola Solutions from $550.00 to $555.00 and gave the stock a “buy” rating in a research report on Thursday, November 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $545.70.

Motorola Solutions Company Profile

Motorola Solutions, Inc. provides communications, software, video security and related services for public safety agencies and commercial and industrial organizations. Its products include two-way radios and land mobile radio systems, dispatch consoles, command center software, video surveillance systems and access control technology. The company’s offerings are designed to help customers coordinate communications, manage incidents and support security operations. Motorola Solutions also provides services such as system integration, maintenance and technical support.