Motorola Solutions (NYSE:MSI) Stock: Insider Jason Winkler Sells 9,609 Shares

Motorola Solutions, Inc. (NYSE:MSI) CFO Jason Winkler sold 9,609 shares of the stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $513.06, for a total transaction of $4,929,993.54. Following the completion of the transaction, the chief financial officer directly owned 11,319 shares in the company, valued at approximately $5,807,326.14. This represents a 45.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Motorola Solutions Trading Up 1.5%

Shares of NYSE:MSI opened at $535.30 on Thursday. Motorola Solutions, Inc. has a 12-month low of $359.36 and a 12-month high of $548.28. The stock has a market cap of $88.50 billion, a PE ratio of 34.76, a P/E/G ratio of 2.87 and a beta of 0.86. The business has a 50 day moving average of $470.50 and a 200-day moving average of $443.85. 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 earnings results on Wednesday, November 4th. The communications equipment provider reported $4.69 EPS for the quarter, beating the consensus estimate of $4.42 by $0.27. The company had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.26 billion. Motorola Solutions had a return on equity of 94.49% and a net margin of 16.54%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.06 earnings per share. As a group, equities research analysts forecast that Motorola Solutions, Inc. will post 15.90 earnings per share for the current year.

Motorola Solutions Announces Dividend

The company 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. The ex-dividend date was Wednesday, September 16th. This represents a $4.84 annualized dividend and a yield of 0.9%. Motorola Solutions’s payout ratio is 38.94%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on MSI shares. Bank of America reiterated a “buy” rating on shares of Motorola Solutions in a research report on Thursday, August 6th. Zacks Research cut shares of Motorola Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 18th. Truist Financial upped their price target on shares of Motorola Solutions from $550.00 to $555.00 and gave the company a “buy” rating in a research note on Thursday, November 5th. Evercore raised their price target on shares of Motorola Solutions from $525.00 to $550.00 in a research report on Thursday, October 8th. Finally, Weiss Ratings cut shares of Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $545.70.

Key Motorola Solutions News

Investors following MSI have been watching these news items:

• Positive Sentiment: Motorola Solutions beat third-quarter earnings and revenue estimates, raised its guidance and reported a record backlog. Shares rose about 7% after the results, supporting the recent move to a 52-week high. Axon vs. Motorola: Which Public Safety Stock Has More Upside After Q3 Earnings? Motorola Solutions Reaches a Fresh 52-Week High
• Negative Sentiment: Multiple senior executives sold shares in transactions on November 6 and 9. CEO Gregory Brown sold about 70,800 shares; the CFO and COO also made sizable sales, alongside SVP sales including a roughly $1.1 million transaction. The scale of these sales could weigh on sentiment, although the filings do not explain the reasons. Motorola Solutions Insider Trades Motorola Solutions Insider Sells $1.1 Million in Stock

Institutional Investors Weigh In On Motorola Solutions

Several institutional investors have recently made changes to their positions in the stock. Aristotle Capital Management LLC acquired a new stake in Motorola Solutions during the first quarter worth approximately $983,432,000. Bank of New York Mellon Corp acquired a new position in Motorola Solutions in the 2nd quarter valued at $374,617,000. Bank of America Corp DE raised its holdings in 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 valued at $599,532,000 after acquiring an additional 352,679 shares in the last quarter. State Street Corp raised its holdings in Motorola Solutions by 4.3% in the 2nd quarter. State Street Corp now owns 7,849,952 shares of the communications equipment provider’s stock valued at $3,269,332,000 after acquiring an additional 323,725 shares in the last quarter. Finally, SEB Asset Management AB bought a new stake in shares of Motorola Solutions during the 1st quarter valued at $112,734,000. 84.17% of the stock is currently owned by 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.