Motorola Solutions (NYSE:MSI) CEO Gregory Brown Sells 70,780 Shares of Company Stock

Motorola Solutions, Inc. (NYSE:MSI) CEO Gregory Brown sold 70,780 shares of the company’s stock in a transaction on Friday, November 6th. The shares were sold at an average price of $514.14, for a total value of $36,390,829.20. Following the completion of the transaction, the chief executive officer owned 66,769 shares of the company’s stock, valued at $34,328,613.66. This trade represents a 51.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Motorola Solutions Stock Performance

Shares of NYSE MSI traded down $1.08 during midday trading on Tuesday, hitting $526.89. The company’s stock had a trading volume of 1,248,994 shares, compared to its average volume of 1,067,217. The firm has a market capitalization of $87.20 billion, a price-to-earnings ratio of 42.39, a P/E/G ratio of 2.97 and a beta of 0.86. Motorola Solutions, Inc. has a one year low of $359.36 and a one year high of $548.28. The company has a current ratio of 1.10, a quick ratio of 0.86 and a debt-to-equity ratio of 3.13. The stock has a fifty day moving average price of $468.79 and a 200 day moving average price of $442.54.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Wednesday, November 4th. The communications equipment provider reported $4.69 EPS for the quarter, topping the consensus estimate of $4.42 by $0.27. The company had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.26 billion. Motorola Solutions had a return on equity of 99.35% and a net margin of 16.54%. Motorola Solutions’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.06 earnings per share. On average, research analysts forecast that Motorola Solutions, Inc. will post 15.91 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MSI. Evercore lifted their price objective on shares of Motorola Solutions from $525.00 to $550.00 in a report on Thursday, October 8th. Barclays raised their price target on shares of Motorola Solutions from $529.00 to $598.00 and gave the stock an “overweight” rating in a report on Thursday, November 5th. Morgan Stanley reiterated an “overweight” rating and issued a $476.00 target price (up from $470.00) on shares of Motorola Solutions in a research report on Thursday, August 6th. Truist Financial upped their target price on Motorola Solutions from $550.00 to $555.00 and gave the stock a “buy” rating in a research note on Thursday, November 5th. Finally, Raymond James Financial lifted their price objective on shares of Motorola Solutions from $530.00 to $550.00 in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $545.70.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Aristotle Capital Management LLC purchased a new stake in Motorola Solutions in the 1st quarter valued at about $983,432,000. Bank of New York Mellon Corp acquired a new stake in shares of Motorola Solutions during the 2nd quarter valued at approximately $374,617,000. Bank of America Corp DE grew 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 buying an additional 352,679 shares during the last quarter. State Street Corp increased its position in Motorola Solutions by 4.3% in the second quarter. State Street Corp now owns 7,849,952 shares of the communications equipment provider’s stock worth $3,269,332,000 after buying an additional 323,725 shares during the period. Finally, SEB Asset Management AB bought a new position in Motorola Solutions in the 1st quarter worth about $112,734,000. 84.17% of the stock is owned by hedge funds and other institutional investors.

About Motorola Solutions

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.