Motorola Solutions, Inc. (NYSE:MSI) CEO Gregory Q. Brown Sells 39,125 Shares

Motorola Solutions, Inc. (NYSE:MSIGet Rating) CEO Gregory Q. Brown sold 39,125 shares of the firm’s stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $262.10, for a total transaction of $10,254,662.50. Following the completion of the transaction, the chief executive officer now owns 45,476 shares in the company, valued at approximately $11,919,259.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Motorola Solutions Trading Up 0.4 %

Shares of NYSE:MSI opened at $266.00 on Friday. The company has a fifty day simple moving average of $239.19 and a 200 day simple moving average of $230.64. The firm has a market cap of $44.48 billion, a PE ratio of 39.12, a price-to-earnings-growth ratio of 3.20 and a beta of 0.92. Motorola Solutions, Inc. has a 12-month low of $195.18 and a 12-month high of $273.65.

Motorola Solutions (NYSE:MSIGet Rating) last issued its quarterly earnings results on Thursday, November 3rd. The communications equipment provider reported $3.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.88 by $0.12. The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.32 billion. Motorola Solutions had a net margin of 13.47% and a negative return on equity of 533.01%. The business’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.19 earnings per share. As a group, equities research analysts forecast that Motorola Solutions, Inc. will post 9.22 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Thursday, December 15th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Wednesday, December 14th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.79. Motorola Solutions’s payout ratio is 46.47%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Credit Suisse Group cut their price target on shares of Motorola Solutions from $301.00 to $300.00 and set a “market outperform” rating on the stock in a report on Monday, November 7th. Cowen raised their price target on shares of Motorola Solutions to $311.00 in a report on Tuesday, August 9th. Barclays lifted their price objective on shares of Motorola Solutions to $305.00 in a research note on Tuesday, August 9th. StockNews.com initiated coverage on shares of Motorola Solutions in a research note on Wednesday, October 12th. They set a “buy” rating on the stock. Finally, Morgan Stanley lowered shares of Motorola Solutions from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $240.00 to $260.00 in a research note on Wednesday, September 14th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Motorola Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $291.00.

Institutional Trading of Motorola Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Asset Dedication LLC bought a new stake in shares of Motorola Solutions in the third quarter worth $29,000. Investors Asset Management of Georgia Inc. GA ADV acquired a new position in Motorola Solutions in the second quarter worth $30,000. Benjamin F. Edwards & Company Inc. boosted its holdings in Motorola Solutions by 104.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 145 shares of the communications equipment provider’s stock worth $35,000 after purchasing an additional 74 shares during the period. Eagle Bay Advisors LLC acquired a new position in Motorola Solutions in the second quarter worth $35,000. Finally, Almanack Investment Partners LLC. acquired a new position in Motorola Solutions in the third quarter worth $38,000. Institutional investors own 83.96% of the company’s stock.

Motorola Solutions Company Profile

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Motorola Solutions, Inc provides mission critical communications and analytics in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation, and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.

Further Reading

Insider Buying and Selling by Quarter for Motorola Solutions (NYSE:MSI)

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