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

Motorola Solutions, Inc. (NYSE:MSI – Get Free Report) CEO Gregory Brown sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $526.14, for a total transaction of $13,153,500.00. Following the transaction, the chief executive officer directly owned 66,769 shares in the company, valued at approximately $35,129,841.66. This trade represents a 27.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Motorola Solutions Stock Up 0.2%

Shares of NYSE:MSI opened at $531.50 on Friday. The business’s 50 day moving average is $472.72 and its 200 day moving average is $445.13. The stock has a market cap of $87.87 billion, a P/E ratio of 42.76, a price-to-earnings-growth ratio of 2.85 and a beta of 0.86. Motorola Solutions, Inc. has a 52-week low of $359.36 and a 52-week high of $548.28. 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 – Get Free Report) last issued its earnings results on Wednesday, November 4th. The communications equipment provider reported $4.69 earnings per share for the quarter, topping the consensus estimate of $4.42 by $0.27. Motorola Solutions had a return on equity of 94.49% and a net margin of 16.54%. The business had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same period in the prior year, the business earned $4.06 EPS. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. Sell-side analysts predict that Motorola Solutions, Inc. will post 16.08 EPS for the current year.

Motorola Solutions Announces Dividend

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

Analyst Ratings Changes

MSI has been the subject of a number of recent analyst reports. Zacks Research cut Motorola Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 18th. JPMorgan Chase & Co. increased 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. UBS Group increased their price objective on shares of Motorola Solutions from $520.00 to $570.00 and gave the company a “buy” rating in a research report on Thursday, November 5th. Truist Financial lifted their target price on shares of Motorola Solutions from $550.00 to $555.00 and gave the stock a “buy” rating in a research note on Thursday, November 5th. Finally, Bank of America reissued a “buy” rating on shares of Motorola Solutions in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $545.70.

View Our Latest Research Report on MSI

Hedge Funds Weigh In On Motorola Solutions

Institutional investors have recently added to or reduced their stakes in the stock. Valmark Advisers Inc. increased its stake in Motorola Solutions by 1.7% in the third quarter. Valmark Advisers Inc. now owns 1,177 shares of the communications equipment provider’s stock valued at $525,000 after purchasing an additional 20 shares during the period. GW&K Investment Management LLC raised its holdings in shares of Motorola Solutions by 17.8% in the third quarter. GW&K Investment Management LLC now owns 139 shares of the communications equipment provider’s stock valued at $62,000 after buying an additional 21 shares during the last quarter. Atticus Wealth Management LLC boosted its stake in shares of Motorola Solutions by 3.6% during the third quarter. Atticus Wealth Management LLC now owns 632 shares of the communications equipment provider’s stock worth $282,000 after buying an additional 22 shares during the period. Guidance Capital Inc. boosted its stake in shares of Motorola Solutions by 0.7% during the third quarter. Guidance Capital Inc. now owns 3,235 shares of the communications equipment provider’s stock worth $1,576,000 after buying an additional 22 shares during the period. Finally, Ausdal Financial Partners Inc. grew its holdings in shares of Motorola Solutions by 3.0% during the second quarter. Ausdal Financial Partners Inc. now owns 780 shares of the communications equipment provider’s stock worth $324,000 after buying an additional 23 shares during the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Key Motorola Solutions News

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About Motorola Solutions

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Motorola Solutions (NYSE:MSI)

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