Insider Selling: Motorola Solutions (NYSE:MSI) SVP Sells $1,089,622.10 in Stock

Motorola Solutions, Inc. (NYSE:MSI) SVP James Niewiara sold 2,086 shares of Motorola Solutions stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $522.35, for a total transaction of $1,089,622.10. Following the transaction, the senior vice president owned 18,398 shares of the company’s stock, valued at $9,610,195.30. This represents a 10.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Motorola Solutions Trading Down 0.8%

NYSE:MSI opened at $531.19 on Friday. 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, Inc. has a one year low of $359.36 and a one year high of $548.28. The company has a market cap of $87.82 billion, a PE ratio of 42.73, a PEG ratio of 2.88 and a beta of 0.86. The firm has a 50-day moving average of $471.55 and a 200-day moving average of $444.50.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Wednesday, November 4th. The communications equipment provider reported $4.69 earnings per share for the quarter, beating the consensus estimate of $4.42 by $0.27. The business had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.26 billion. Motorola Solutions had a net margin of 16.54% and a return on equity of 94.49%. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter last year, the firm earned $4.06 EPS. As a group, equities research analysts expect that Motorola Solutions, Inc. will post 16.08 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

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

Analysts Set New Price Targets

MSI has been the topic of several analyst reports. Morgan Stanley reaffirmed an “overweight” rating and set a $476.00 target price (up from $470.00) on shares of Motorola Solutions in a research report on Thursday, August 6th. Weiss Ratings downgraded Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday. Piper Sandler reissued an “overweight” rating and issued a $533.00 price target (up from $531.00) on shares of Motorola Solutions in a research report on Thursday, November 5th. Evercore raised their price objective on Motorola Solutions from $525.00 to $550.00 in a research note on Thursday, October 8th. Finally, JPMorgan Chase & Co. raised their price objective on Motorola Solutions from $545.00 to $570.00 and gave the company an “overweight” rating in a research note on Thursday, November 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $545.70.

Hedge Funds Weigh In On Motorola Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of MSI. Western Wealth Management LLC purchased a new stake in shares of Motorola Solutions during the first quarter valued at approximately $27,000. Field & Main Bank bought a new stake in Motorola Solutions during the second quarter worth $31,000. Gen Wealth Partners Inc lifted its holdings in Motorola Solutions by 310.5% during the third quarter. Gen Wealth Partners Inc now owns 78 shares of the communications equipment provider’s stock worth $35,000 after acquiring an additional 59 shares during the period. Lodestone Wealth Management LLC boosted its position in Motorola Solutions by 53.7% in the third quarter. Lodestone Wealth Management LLC now owns 83 shares of the communications equipment provider’s stock worth $37,000 after purchasing an additional 29 shares during the last quarter. Finally, Essential Partners LLC boosted its position in Motorola Solutions by 633.3% in the first quarter. Essential Partners LLC now owns 88 shares of the communications equipment provider’s stock worth $38,000 after purchasing an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.

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.