Motorola Solutions (NYSE:MSI) SVP Sells $5,126,862.15 in Stock

Motorola Solutions, Inc. (NYSE:MSI) SVP Rajan Naik sold 10,005 shares of Motorola Solutions stock in a transaction on Friday, November 6th. The shares were sold at an average price of $512.43, for a total transaction of $5,126,862.15. Following the completion of the transaction, the senior vice president owned 12,563 shares in the company, valued at approximately $6,437,658.09. This trade represents a 44.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Motorola Solutions Stock Performance

MSI traded down $1.08 during 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. The firm has a market capitalization of $87.20 billion, a P/E ratio of 42.39, a PEG ratio of 2.97 and a beta of 0.86. The company has a debt-to-equity ratio of 3.13, a quick ratio of 0.86 and a current ratio of 1.10. Motorola Solutions, Inc. has a twelve month low of $359.36 and a twelve month high of $548.28. The company’s 50-day moving average price is $468.79 and its 200 day moving average price is $442.54.

Motorola Solutions (NYSE:MSI) last issued its 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. Motorola Solutions had a net margin of 16.54% and a return on equity of 99.35%. The business had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the previous year, the firm earned $4.06 earnings per share. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, equities research analysts forecast that Motorola Solutions, Inc. will post 15.91 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The business also recently declared 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. This represents a $4.84 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Wednesday, September 16th. Motorola Solutions’s dividend payout ratio (DPR) is presently 38.94%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. 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 in the last quarter. Aristotle Capital Management LLC acquired a new position in shares of Motorola Solutions in the first quarter valued at approximately $983,432,000. Amundi lifted its stake in shares of Motorola Solutions by 1.9% during the first quarter. Amundi now owns 1,600,491 shares of the communications equipment provider’s stock valued at $694,565,000 after buying an additional 30,264 shares during the period. Bank of America Corp DE lifted its stake 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 valued at $599,532,000 after buying an additional 352,679 shares during the period. Finally, Janus Henderson Group PLC boosted its position in Motorola Solutions by 5.0% during the first quarter. Janus Henderson Group PLC now owns 1,244,326 shares of the communications equipment provider’s stock worth $539,958,000 after acquiring an additional 59,294 shares during the last quarter. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on MSI shares. Bank of America reiterated a “buy” rating on shares of Motorola Solutions in a research report on Thursday, August 6th. Piper Sandler restated an “overweight” rating and set a $533.00 target price (up from $531.00) on shares of Motorola Solutions in a report on Thursday, November 5th. JPMorgan Chase & Co. lifted their target price on shares of Motorola Solutions from $545.00 to $570.00 and gave the stock an “overweight” rating in a research report on Thursday, November 5th. 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. Finally, Truist Financial increased their price target on shares of Motorola Solutions from $550.00 to $555.00 and gave the company a “buy” rating in a research report on Thursday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Motorola Solutions presently has a consensus rating of “Buy” and a consensus 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.