Motorola Solutions Inc (NYSE:MSI) Chairman Gregory Q. Brown sold 187,000 shares of the stock in a transaction on Friday, March 9th. The shares were sold at an average price of $108.69, for a total transaction of $20,325,030.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Gregory Q. Brown also recently made the following trade(s):
- On Tuesday, March 13th, Gregory Q. Brown sold 185,000 shares of Motorola Solutions stock. The shares were sold at an average price of $109.08, for a total transaction of $20,179,800.00.
Shares of Motorola Solutions stock opened at $109.09 on Thursday. The company has a quick ratio of 1.24, a current ratio of 1.35 and a debt-to-equity ratio of -2.56. Motorola Solutions Inc has a fifty-two week low of $79.63 and a fifty-two week high of $110.29. The firm has a market cap of $17,645.43, a PE ratio of -101.01, a PEG ratio of 2.17 and a beta of 0.32.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 15th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Wednesday, March 14th. Motorola Solutions’s dividend payout ratio is currently -192.59%.
A number of large investors have recently modified their holdings of MSI. Grove Bank & Trust grew its holdings in Motorola Solutions by 731.0% during the 3rd quarter. Grove Bank & Trust now owns 1,205 shares of the communications equipment provider’s stock worth $102,000 after acquiring an additional 1,060 shares during the last quarter. NuWave Investment Management LLC bought a new stake in Motorola Solutions during the 4th quarter worth about $168,000. Fuller & Thaler Asset Management Inc. bought a new stake in Motorola Solutions during the 3rd quarter worth about $187,000. Tower Research Capital LLC TRC bought a new stake in Motorola Solutions during the 4th quarter worth about $188,000. Finally, Meeder Asset Management Inc. grew its holdings in Motorola Solutions by 67.4% during the 4th quarter. Meeder Asset Management Inc. now owns 2,171 shares of the communications equipment provider’s stock worth $196,000 after acquiring an additional 874 shares during the last quarter. 87.93% of the stock is currently owned by hedge funds and other institutional investors.
MSI has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Citigroup increased their price objective on shares of Motorola Solutions from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, March 9th. Deutsche Bank upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research note on Friday, January 12th. Raymond James Financial initiated coverage on shares of Motorola Solutions in a research note on Friday, February 23rd. They issued an “outperform” rating for the company. Finally, JPMorgan Chase & Co. assumed coverage on shares of Motorola Solutions in a research note on Friday, February 9th. They issued a “neutral” rating and a $115.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $114.17.
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Motorola Solutions Company Profile
Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.
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