Motorola Solutions, Inc. (MSI) EVP Sells $546,697.56 in Stock
Motorola Solutions, Inc. (NYSE:MSI) EVP Bruce W. Brda sold 5,916 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $92.41, for a total value of $546,697.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Motorola Solutions, Inc. (NYSE MSI) opened at $91.07 on Friday. Motorola Solutions, Inc. has a fifty-two week low of $76.92 and a fifty-two week high of $94.94. The company has a quick ratio of 1.16, a current ratio of 1.30 and a debt-to-equity ratio of -5.41. The stock has a market capitalization of $14,840.80, a PE ratio of 17.82, a PEG ratio of 4.08 and a beta of 0.33.
Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, November 2nd. The communications equipment provider reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $0.13. Motorola Solutions had a negative return on equity of 92.09% and a net margin of 10.51%. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the prior year, the business earned $1.37 EPS. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. research analysts anticipate that Motorola Solutions, Inc. will post 5.14 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 15th will be issued a $0.52 dividend. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.47. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend is Thursday, December 14th. Motorola Solutions’s dividend payout ratio is presently 48.08%.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Motorola Solutions by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 16,290,817 shares of the communications equipment provider’s stock valued at $1,413,066,000 after acquiring an additional 254,399 shares during the last quarter. Lazard Asset Management LLC lifted its stake in shares of Motorola Solutions by 6.7% in the 2nd quarter. Lazard Asset Management LLC now owns 9,589,218 shares of the communications equipment provider’s stock valued at $831,768,000 after acquiring an additional 600,229 shares during the last quarter. State Street Corp lifted its stake in shares of Motorola Solutions by 1.8% in the 2nd quarter. State Street Corp now owns 7,734,797 shares of the communications equipment provider’s stock valued at $670,905,000 after acquiring an additional 135,926 shares during the last quarter. Parnassus Investments CA lifted its stake in shares of Motorola Solutions by 0.7% in the 3rd quarter. Parnassus Investments CA now owns 5,649,582 shares of the communications equipment provider’s stock valued at $479,480,000 after acquiring an additional 41,541 shares during the last quarter. Finally, Neuberger Berman Group LLC lifted its stake in shares of Motorola Solutions by 2.1% in the 2nd quarter. Neuberger Berman Group LLC now owns 5,458,346 shares of the communications equipment provider’s stock valued at $473,457,000 after acquiring an additional 110,330 shares during the last quarter. 87.95% of the stock is owned by institutional investors.
Several equities analysts recently commented on MSI shares. Zacks Investment Research cut Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Monday, August 28th. Cleveland Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating in a research report on Friday, October 6th. Finally, Jefferies Group LLC restated a “buy” rating and set a $105.00 target price on shares of Motorola Solutions in a research report on Friday, October 6th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Motorola Solutions presently has an average rating of “Buy” and an average price target of $95.08.
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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