Motorola Solutions (NYSE:MSI) CEO Gregory Brown Sells 25,000 Shares of Stock

Motorola Solutions, Inc. (NYSE:MSI) CEO Gregory Brown sold 25,000 shares of Motorola Solutions stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $526.14, for a total transaction of $13,153,500.00. Following the completion of the sale, the chief executive officer owned 66,769 shares of the company’s stock, valued at $35,129,841.66. This represents a 27.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Motorola Solutions Stock Down 0.8%

Shares of NYSE MSI opened at $531.19 on Friday. The firm has a market cap of $87.82 billion, a PE ratio of 42.73, a P/E/G ratio of 2.88 and a beta of 0.86. Motorola Solutions, Inc. has a 12-month low of $359.36 and a 12-month high of $548.28. The company’s fifty day simple moving average is $471.55 and its 200 day simple moving average is $444.50. The company has a quick ratio of 0.85, a current ratio of 1.10 and a debt-to-equity ratio of 3.03.

Motorola Solutions (NYSE:MSI) last posted its quarterly 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. Motorola Solutions had a net margin of 16.54% and a return on equity of 94.49%. The business had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same period last year, the company posted $4.06 earnings per share. The business’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, sell-side analysts forecast that Motorola Solutions, Inc. will post 16.08 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in MSI. State Street Corp grew its holdings in shares of Motorola Solutions by 4.3% during the second 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 during the last quarter. Aristotle Capital Management LLC acquired a new stake in shares of Motorola Solutions in the 1st quarter worth about $983,432,000. Amundi raised its holdings in shares of Motorola Solutions by 1.9% in 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 last quarter. Bank of America Corp DE raised its holdings in shares of Motorola Solutions by 34.3% in the 1st quarter. Bank of America Corp DE now owns 1,381,506 shares of the communications equipment provider’s stock worth $599,532,000 after acquiring an additional 352,679 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in Motorola Solutions by 5.0% in 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. 84.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

MSI has been the subject of a number of research analyst reports. Northcoast Research boosted their target price on Motorola Solutions from $510.00 to $525.00 in a research report on Thursday, August 27th. Evercore raised their price objective on Motorola Solutions from $525.00 to $550.00 in a research note on Thursday, October 8th. Piper Sandler reissued an “overweight” rating and issued a $533.00 price objective (up from $531.00) on shares of Motorola Solutions in a research note on Thursday, November 5th. Bank of America restated a “buy” rating on shares of Motorola Solutions in a report on Thursday, August 6th. Finally, UBS Group upped their target price on Motorola Solutions from $520.00 to $570.00 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 given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus 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.