Motorola Solutions (NYSE:MSI) CEO Gregory Brown Sells 70,780 Shares of Company Stock

Motorola Solutions, Inc. (NYSE:MSI) CEO Gregory Brown sold 70,780 shares of the company’s stock in a transaction that occurred on Friday, November 6th. The shares were sold at an average price of $514.14, for a total transaction of $36,390,829.20. Following the completion of the transaction, the chief executive officer owned 66,769 shares in the company, valued at approximately $34,328,613.66. This represents a 51.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Motorola Solutions Trading Down 0.2%

Shares of NYSE:MSI opened at $526.89 on Wednesday. The firm has a fifty day moving average of $469.63 and a two-hundred day moving average of $443.19. The company has a quick ratio of 0.85, a current ratio of 1.10 and a debt-to-equity ratio of 3.03. 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 $87.11 billion, a P/E ratio of 42.39, a price-to-earnings-growth ratio of 2.87 and a beta of 0.86.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Wednesday, November 4th. The communications equipment provider reported $4.69 earnings per share for the quarter, topping analysts’ consensus estimates of $4.42 by $0.27. The business 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 94.49%. Motorola Solutions’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the prior year, the business posted $4.06 earnings per share. On average, equities analysts expect that Motorola Solutions, Inc. will post 15.91 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in MSI. Western Wealth Management LLC bought a new stake in shares of Motorola Solutions in the first quarter valued at about $27,000. Field & Main Bank acquired a new stake in Motorola Solutions during the second quarter worth about $31,000. Gen Wealth Partners Inc grew its position 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 buying an additional 59 shares in the last quarter. Lodestone Wealth Management LLC increased its stake in Motorola Solutions by 53.7% during the third quarter. Lodestone Wealth Management LLC now owns 83 shares of the communications equipment provider’s stock valued at $37,000 after acquiring an additional 29 shares during the period. Finally, Essential Partners LLC increased its stake in Motorola Solutions by 633.3% during the first quarter. Essential Partners LLC now owns 88 shares of the communications equipment provider’s stock valued at $38,000 after acquiring an additional 76 shares during the period. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions News Summary

Here are the key news stories impacting Motorola Solutions this week:

• Positive Sentiment: Motorola Solutions beat Q3 earnings expectations, raised its guidance and reported a record backlog. Its shares gained roughly 7% following the results, contrasting with a sharp post-earnings decline for competitor Axon. Axon vs. Motorola: Which Public Safety Stock Has More Upside After Q3 Earnings?
• Negative Sentiment: Several senior leaders reported selling shares in transactions on November 6 and 9. CEO Gregory Brown sold about 70,800 shares, while the CFO, COO and multiple senior vice presidents also reported sales—about 141,000 shares combined. Such sizable insider selling can concern investors, though the filings alone do not establish the reason for the sales. CEO Form 4 filing CFO Form 4 filing COO Form 4 filing

Analysts Set New Price Targets

A number of equities research analysts have issued reports on MSI shares. Barclays upped their price target on shares of Motorola Solutions from $529.00 to $598.00 and gave the company an “overweight” rating in a report on Thursday, November 5th. Truist Financial lifted their price objective on Motorola Solutions from $550.00 to $555.00 and gave the stock a “buy” rating in a research note on Thursday, November 5th. Weiss Ratings cut Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday. Zacks Research cut Motorola Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 18th. Finally, Raymond James Financial increased their target price on Motorola Solutions from $530.00 to $550.00 in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $545.70.

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.