Motorola Solutions (NYSE:MSI) SVP Rajan Naik Sells 10,005 Shares of Stock

Motorola Solutions, Inc. (NYSE:MSI) SVP Rajan Naik sold 10,005 shares of Motorola Solutions stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $512.43, for a total transaction of $5,126,862.15. Following the completion of the sale, the senior vice president owned 12,563 shares of the company’s stock, valued at $6,437,658.09. This trade represents a 44.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Motorola Solutions Stock Performance

NYSE MSI opened at $526.89 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 1.10 and a debt-to-equity ratio of 3.03. The company has a market capitalization of $87.11 billion, a P/E ratio of 42.39, a P/E/G ratio of 2.87 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 firm has a 50-day moving average price of $469.63 and a two-hundred day moving average price of $443.19.

Motorola Solutions (NYSE:MSI) last announced its earnings results 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. Motorola Solutions had a net margin of 16.54% and a return on equity of 94.49%. 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 firm earned $4.06 earnings per share. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. Analysts anticipate that Motorola Solutions, Inc. will post 15.91 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 16th were paid 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 payout ratio is 38.94%.

Hedge Funds Weigh In On Motorola Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp lifted its holdings in shares of Motorola Solutions by 4.3% during the 2nd quarter. State Street Corp now owns 7,849,952 shares of the communications equipment provider’s stock worth $3,269,332,000 after acquiring an additional 323,725 shares during the period. Aristotle Capital Management LLC bought a new position in Motorola Solutions in the first quarter valued at approximately $983,432,000. Amundi increased its stake in Motorola Solutions by 1.9% in the first quarter. Amundi now owns 1,600,491 shares of the communications equipment provider’s stock valued at $694,565,000 after acquiring an additional 30,264 shares during the last quarter. Bank of America Corp DE increased its stake in Motorola Solutions by 34.3% in the first 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 during the last quarter. Finally, Janus Henderson Group PLC raised its position in Motorola Solutions by 5.0% during the first quarter. Janus Henderson Group PLC now owns 1,244,326 shares of the communications equipment provider’s stock valued at $539,958,000 after purchasing an additional 59,294 shares in the last quarter. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on MSI shares. Morgan Stanley restated an “overweight” rating and set a $476.00 price objective (up from $470.00) on shares of Motorola Solutions in a research note on Thursday, August 6th. UBS Group upped their target price on Motorola Solutions from $520.00 to $570.00 and gave the company a “buy” rating in a research report on Thursday, November 5th. Weiss Ratings downgraded Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday. Bank of America reissued a “buy” rating on shares of Motorola Solutions in a report on Thursday, August 6th. Finally, Piper Sandler restated an “overweight” rating and issued a $533.00 price target (up from $531.00) on shares of Motorola Solutions in a research report on Thursday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $545.70.

Trending Headlines about Motorola Solutions

Here are the key news stories impacting Motorola Solutions this week:

• Positive Sentiment: Motorola Solutions beat Q3 earnings expectations, raised its guidance and reported a record backlog. Its shares gained roughly 7% following the results, contrasting with a sharp post-earnings decline for competitor Axon. Axon vs. Motorola: Which Public Safety Stock Has More Upside After Q3 Earnings?
• Negative Sentiment: Several senior leaders reported selling shares in transactions on November 6 and 9. CEO Gregory Brown sold about 70,800 shares, while the CFO, COO and multiple senior vice presidents also reported sales—about 141,000 shares combined. Such sizable insider selling can concern investors, though the filings alone do not establish the reason for the sales. CEO Form 4 filing CFO Form 4 filing COO Form 4 filing

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.