Insider Selling: Motorola Solutions (NYSE:MSI) COO Sells $21,083,189.90 in Stock

Motorola Solutions, Inc. (NYSE:MSI) COO John Molloy sold 40,982 shares of the firm’s stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $514.45, for a total transaction of $21,083,189.90. Following the completion of the transaction, the chief operating officer directly owned 69,330 shares in the company, valued at $35,666,818.50. This represents a 37.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Motorola Solutions Stock Down 0.2%

Shares of MSI stock traded down $1.08 during mid-day trading on Tuesday, hitting $526.89. The stock had a trading volume of 1,248,994 shares, compared to its average volume of 1,067,217. Motorola Solutions, Inc. has a 12-month low of $359.36 and a 12-month high of $548.28. The firm has a market capitalization of $87.20 billion, a P/E ratio of 42.39, a price-to-earnings-growth ratio of 2.97 and a beta of 0.86. The firm’s 50-day moving average is $468.79 and its two-hundred day moving average is $442.54. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.10 and a quick ratio of 0.86.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Wednesday, November 4th. The communications equipment provider reported $4.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.42 by $0.27. The firm had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.26 billion. Motorola Solutions had a net margin of 16.54% and a return on equity of 99.35%. The company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period last year, the firm earned $4.06 earnings per share. On average, analysts predict that Motorola Solutions, Inc. will post 15.91 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 16th were issued 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 dividend payout ratio (DPR) is currently 38.94%.

Analysts Set New Price Targets

Several research firms have recently issued reports on MSI. Raymond James Financial upped their price objective on shares of Motorola Solutions from $530.00 to $550.00 in a report on Thursday, August 6th. Truist Financial upped their price target on shares of Motorola Solutions from $550.00 to $555.00 and gave the company a “buy” rating in a research note on Thursday, November 5th. Northcoast Research lifted their price objective on shares of Motorola Solutions from $510.00 to $525.00 in a research note on Thursday, August 27th. UBS Group boosted their price objective on shares of Motorola Solutions from $520.00 to $570.00 and gave the company a “buy” rating in a report on Thursday, November 5th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $476.00 target price (up from $470.00) on shares of Motorola Solutions in a research report on Thursday, August 6th. One 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 company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $545.70.

Hedge Funds Weigh In On Motorola Solutions

Institutional investors have recently bought and sold shares of the business. Aristotle Capital Management LLC acquired a new stake in Motorola Solutions during the 1st quarter valued at approximately $983,432,000. Bank of New York Mellon Corp acquired a new stake in shares of Motorola Solutions in the second quarter worth $374,617,000. Bank of America Corp DE raised its holdings 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 purchasing an additional 352,679 shares during the last quarter. State Street Corp raised its holdings in shares of 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 purchasing an additional 323,725 shares during the last quarter. Finally, SEB Asset Management AB purchased a new position in shares of Motorola Solutions during the first quarter worth $112,734,000. 84.17% of the stock is owned by hedge funds and other institutional investors.

Motorola Solutions Company Profile

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.