Insider Selling: Motorola Solutions (NYSE:MSI) SVP Sells 10,005 Shares of Company Stock

Motorola Solutions, Inc. (NYSE:MSI) SVP Rajan Naik sold 10,005 shares of the business’s stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $512.43, for a total transaction of $5,126,862.15. Following the sale, the senior vice president owned 12,563 shares of the company’s stock, valued at $6,437,658.09. This represents a 44.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Motorola Solutions Stock Down 0.2%

Shares of NYSE MSI traded down $1.08 during mid-day trading on Tuesday, reaching $526.89. The company had a trading volume of 1,248,994 shares, compared to its average volume of 1,067,217. The company has a current ratio of 1.10, a quick ratio of 0.86 and a debt-to-equity ratio of 3.13. The firm has a 50 day simple moving average of $468.79 and a two-hundred day simple moving average of $442.54. The stock has a market cap of $87.20 billion, a P/E ratio of 42.39, a PEG ratio of 2.97 and a beta of 0.86. Motorola Solutions, Inc. has a 52-week low of $359.36 and a 52-week high of $548.28.

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 analysts’ consensus estimates of $4.42 by $0.27. Motorola Solutions had a net margin of 16.54% and a return on equity of 99.35%. The firm had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same period in the previous year, the company earned $4.06 earnings per share. Motorola Solutions’s quarterly revenue was up 12.2% compared to the same quarter last year. Sell-side analysts predict that Motorola Solutions, Inc. will post 15.91 earnings per share for the current year.

Motorola Solutions Dividend Announcement

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

Institutional Investors Weigh In On Motorola Solutions

Several hedge funds have recently made changes to their positions in MSI. State Street Corp grew 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 buying an additional 323,725 shares during the last quarter. Aristotle Capital Management LLC acquired a new position in Motorola Solutions in the 1st quarter valued at about $983,432,000. Amundi increased its position in Motorola Solutions by 1.9% in the 1st quarter. Amundi now owns 1,600,491 shares of the communications equipment provider’s stock valued at $694,565,000 after acquiring an additional 30,264 shares during the period. Bank of America Corp DE raised its stake in Motorola Solutions by 34.3% during the 1st quarter. Bank of America Corp DE now owns 1,381,506 shares of the communications equipment provider’s stock valued at $599,532,000 after acquiring an additional 352,679 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in Motorola Solutions by 5.0% during the 1st quarter. Janus Henderson Group PLC now owns 1,244,326 shares of the communications equipment provider’s stock valued at $539,958,000 after acquiring an additional 59,294 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

Wall Street Analyst Weigh In

MSI has been the subject of a number of research analyst reports. 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. Bank of America reaffirmed a “buy” rating on shares of Motorola Solutions in a research report on Thursday, August 6th. Weiss Ratings upgraded Motorola Solutions from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. JPMorgan Chase & Co. increased their price objective on Motorola Solutions from $545.00 to $570.00 and gave the company an “overweight” rating in a report on Thursday, November 5th. Finally, Barclays raised their target price on shares of Motorola Solutions from $529.00 to $598.00 and gave the stock an “overweight” rating in a research report 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 company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $545.70.

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.