Motorola Solutions (NYSE:MSI) CEO Gregory Brown Sells 40,000 Shares of Company Stock

Motorola Solutions, Inc. (NYSE:MSI) CEO Gregory Brown sold 40,000 shares of Motorola Solutions stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $525.16, for a total value of $21,006,400.00. Following the completion of the sale, the chief executive officer directly owned 66,769 shares in the company, valued at approximately $35,064,408.04. The trade was a 37.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Motorola Solutions Stock Down 0.8%

Shares of MSI opened at $531.19 on Friday. The stock has a market capitalization of $87.82 billion, a price-to-earnings ratio of 42.73, a price-to-earnings-growth ratio of 2.88 and a beta of 0.86. Motorola Solutions, Inc. has a 1 year low of $359.36 and a 1 year high of $548.28. The business’s 50 day simple moving average is $471.55 and its 200-day simple moving average is $444.50. The company has a debt-to-equity ratio of 3.03, a current ratio of 1.10 and a quick ratio of 0.85.

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 analysts’ consensus estimates of $4.42 by $0.27. Motorola Solutions had a return on equity of 94.49% and a net margin of 16.54%. The firm had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same period in the prior year, the company earned $4.06 EPS. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. As a group, equities analysts expect that Motorola Solutions, Inc. will post 16.08 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 16th were given a dividend of $1.21 per share. 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 38.94%.

Hedge Funds Weigh In On Motorola Solutions

Several large investors have recently modified their holdings of the stock. Aristotle Capital Management LLC purchased a new stake in Motorola Solutions during the 1st quarter valued at $983,432,000. Bank of New York Mellon Corp bought a new stake in Motorola Solutions in the second quarter worth $374,617,000. Bank of America Corp DE boosted its stake in Motorola Solutions by 34.3% during the first quarter. Bank of America Corp DE now owns 1,381,506 shares of the communications equipment provider’s stock worth $599,532,000 after buying an additional 352,679 shares during the period. State Street Corp boosted its stake in Motorola Solutions by 4.3% during 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 purchased a new position in Motorola Solutions during the first quarter worth $112,734,000. Institutional investors own 84.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Bank of America reissued a “buy” rating on shares of Motorola Solutions in a research note on Thursday, August 6th. Truist Financial boosted their target price on shares of Motorola Solutions from $550.00 to $555.00 and gave the stock a “buy” rating in a report on Thursday, November 5th. Northcoast Research upped their target price on shares of Motorola Solutions from $510.00 to $525.00 in a research report on Thursday, August 27th. Weiss Ratings downgraded shares of Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday. Finally, Raymond James Financial lifted their price target on Motorola Solutions from $530.00 to $550.00 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 stock has a consensus rating of “Buy” and a consensus target price 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.