Motorola Solutions (NYSE:MSI) Stock: Insider Gregory Brown Sells 70,780 Shares

Motorola Solutions, Inc. (NYSE:MSI – Get Free Report) CEO Gregory Brown sold 70,780 shares of the business’s stock in a transaction that occurred on Friday, November 6th. The shares were sold at an average price of $514.14, for a total value of $36,390,829.20. Following the completion of the sale, the chief executive officer directly owned 66,769 shares in the company, valued at approximately $34,328,613.66. The trade was a 51.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Motorola Solutions Stock Up 1.5%

NYSE:MSI opened at $535.30 on Thursday. 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 stock’s fifty day moving average is $470.50 and its two-hundred day moving average is $443.85. Motorola Solutions, Inc. has a 52 week low of $359.36 and a 52 week high of $548.28. The stock has a market capitalization of $88.50 billion, a price-to-earnings ratio of 34.76, a price-to-earnings-growth ratio of 2.87 and a beta of 0.86.

Motorola Solutions (NYSE:MSI – Get Free Report) last released its quarterly 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 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 analyst estimates of $3.26 billion. During the same period last year, the business posted $4.06 earnings per share. The company’s quarterly revenue was up 12.2% on a year-over-year basis. Research analysts anticipate that Motorola Solutions, Inc. will post 15.90 EPS for the current year.

Motorola Solutions Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have recently issued reports on MSI shares. Weiss Ratings cut shares of Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday. JPMorgan Chase & Co. lifted their price objective on shares of Motorola Solutions from $545.00 to $570.00 and gave the company an “overweight” rating in a report on Thursday, November 5th. Northcoast Research lifted their price objective on shares of Motorola Solutions from $510.00 to $525.00 in a report on Thursday, August 27th. Evercore upped their target price on shares of Motorola Solutions from $525.00 to $550.00 in a research note on Thursday, October 8th. Finally, Bank of America reiterated a “buy” rating on shares of Motorola Solutions in a report on Thursday, August 6th. One 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 data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $545.70.

Get Our Latest Report on Motorola Solutions

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp raised its position 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 purchasing an additional 323,725 shares in the last quarter. Aristotle Capital Management LLC acquired a new position in shares of Motorola Solutions during the first quarter worth about $983,432,000. Amundi increased its stake in shares of Motorola Solutions by 1.9% during the first quarter. Amundi now owns 1,600,491 shares of the communications equipment provider’s stock worth $694,565,000 after buying an additional 30,264 shares during the period. Bank of America Corp DE increased its stake in shares of 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. Finally, Janus Henderson Group PLC increased its stake in shares of 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 worth $539,958,000 after buying an additional 59,294 shares during the period. 84.17% of the stock is owned by institutional investors and hedge funds.

Recent Motorola Solutions Headlines

Here are a few of the latest headlines about MSI:

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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