Motorola Solutions (NYSE:MSI) CFO Sells 7,552 Shares of Company Stock

Motorola Solutions, Inc. (NYSE:MSI) CFO Jason Winkler sold 7,552 shares of the business’s 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 transaction, the chief financial officer owned 11,319 shares of the company’s stock, valued at $5,989,109.28. This represents a 40.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Motorola Solutions Stock Performance

MSI traded down $1.08 during trading on Tuesday, reaching $526.89. 1,248,994 shares of the company were exchanged, compared to its average volume of 1,067,217. Motorola Solutions, Inc. has a 52 week low of $359.36 and a 52 week 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 firm has a 50 day moving average of $468.79 and a 200 day moving average of $442.54. The stock has a market cap of $87.20 billion, a P/E ratio of 42.39, a PEG ratio of 2.97 and a beta of 0.86.

Motorola Solutions (NYSE:MSI) last posted its earnings results on Wednesday, November 4th. The communications equipment provider reported $4.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.42 by $0.27. Motorola Solutions had a return on equity of 99.35% and a net margin of 16.54%. The company had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same period last year, the business posted $4.06 earnings per share. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, sell-side analysts forecast that Motorola Solutions, Inc. will post 15.91 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

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

Institutional Investors Weigh In On Motorola Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of MSI. Bogart Wealth LLC grew its position in Motorola Solutions by 55.0% in the 3rd quarter. Bogart Wealth LLC now owns 34,962 shares of the communications equipment provider’s stock valued at $15,592,000 after buying an additional 12,409 shares in the last quarter. McLaughlin Asset Management Inc. increased its stake in Motorola Solutions by 4.4% during the 3rd quarter. McLaughlin Asset Management Inc. now owns 2,058 shares of the communications equipment provider’s stock valued at $918,000 after buying an additional 86 shares during the period. Public Sector Pension Investment Board increased its stake in Motorola Solutions by 6.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 308,904 shares of the communications equipment provider’s stock valued at $138,928,000 after buying an additional 18,990 shares during the period. Bridges Investment Management Inc. raised its position in shares of Motorola Solutions by 70.1% during the 3rd quarter. Bridges Investment Management Inc. now owns 971 shares of the communications equipment provider’s stock worth $433,000 after buying an additional 400 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new stake in shares of Motorola Solutions during the 3rd quarter worth about $1,162,000. 84.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MSI has been the subject of several recent analyst reports. Evercore upped their target price on shares of Motorola Solutions from $525.00 to $550.00 in a research report on Thursday, October 8th. Truist Financial lifted their price target on Motorola Solutions from $550.00 to $555.00 and gave the company a “buy” rating in a report on Thursday, November 5th. Bank of America reiterated a “buy” rating on shares of Motorola Solutions in a research report on Thursday, August 6th. UBS Group increased their price objective on Motorola Solutions from $520.00 to $570.00 and gave the stock a “buy” rating in a report on Thursday, November 5th. Finally, Raymond James Financial raised their target price on Motorola Solutions from $530.00 to $550.00 in a research report on Thursday, August 6th. One equities 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 stock. Based on data from MarketBeat, Motorola Solutions currently has an average rating of “Buy” and a consensus price target of $545.70.

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.