Insider Selling: Motorola Solutions Inc (NYSE:MSI) Chairman Sells 65,873 Shares of Stock

Motorola Solutions Inc (NYSE:MSI) Chairman Gregory Q. Brown sold 65,873 shares of the company’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $125.94, for a total transaction of $8,296,045.62. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Gregory Q. Brown also recently made the following trade(s):

  • On Friday, September 14th, Gregory Q. Brown sold 99,953 shares of Motorola Solutions stock. The stock was sold at an average price of $126.65, for a total transaction of $12,659,047.45.

NYSE MSI traded down $2.09 during trading hours on Monday, hitting $123.50. The company’s stock had a trading volume of 548,800 shares, compared to its average volume of 1,127,293. Motorola Solutions Inc has a twelve month low of $88.06 and a twelve month high of $131.48. The firm has a market capitalization of $21.12 billion, a P/E ratio of 23.75, a P/E/G ratio of 2.06 and a beta of 0.41. The company has a debt-to-equity ratio of -3.55, a current ratio of 1.23 and a quick ratio of 1.09.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, August 2nd. The communications equipment provider reported $1.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.37 by $0.09. Motorola Solutions had a negative net margin of 0.97% and a negative return on equity of 70.84%. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period in the prior year, the business posted $1.12 earnings per share. Motorola Solutions’s revenue was up 17.6% compared to the same quarter last year. Sell-side analysts expect that Motorola Solutions Inc will post 6.57 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 14th will be issued a $0.52 dividend. The ex-dividend date is Thursday, September 13th. This represents a $2.08 annualized dividend and a yield of 1.68%. Motorola Solutions’s dividend payout ratio is currently 40.00%.

MSI has been the topic of several research analyst reports. Zacks Investment Research raised shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $137.00 price objective on the stock in a research note on Tuesday, July 24th. Jefferies Financial Group increased their price target on shares of Motorola Solutions to $140.00 and gave the company a “buy” rating in a research note on Monday, July 23rd. Credit Suisse Group set a $129.00 price target on shares of Motorola Solutions and gave the company a “buy” rating in a research note on Tuesday, July 17th. Argus increased their price target on shares of Motorola Solutions to $140.00 and gave the company a “buy” rating in a research note on Tuesday, August 7th. Finally, Northcoast Research set a $128.00 price target on shares of Motorola Solutions and gave the company a “buy” rating in a research note on Monday, August 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. Motorola Solutions presently has an average rating of “Buy” and a consensus target price of $131.85.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE lifted its holdings in Motorola Solutions by 7.3% in the second quarter. Bank of America Corp DE now owns 753,500 shares of the communications equipment provider’s stock valued at $87,684,000 after buying an additional 50,949 shares during the period. Tower Research Capital LLC TRC raised its holdings in Motorola Solutions by 415.4% in the second quarter. Tower Research Capital LLC TRC now owns 4,886 shares of the communications equipment provider’s stock worth $568,000 after purchasing an additional 3,938 shares during the period. Fort L.P. acquired a new stake in Motorola Solutions in the second quarter worth $123,000. Citizens Financial Group Inc RI raised its holdings in Motorola Solutions by 2,298.6% in the second quarter. Citizens Financial Group Inc RI now owns 55,983 shares of the communications equipment provider’s stock worth $6,515,000 after purchasing an additional 53,649 shares during the period. Finally, BlackRock Inc. raised its holdings in Motorola Solutions by 13.1% in the second quarter. BlackRock Inc. now owns 17,760,318 shares of the communications equipment provider’s stock worth $2,066,771,000 after purchasing an additional 2,060,565 shares during the period. Institutional investors and hedge funds own 86.23% of the company’s stock.

Motorola Solutions Company Profile

Motorola Solutions, Inc, together with its subsidiaries, provides mission-critical communication infrastructure, devices, accessories, software, and services in the United States, the United Kingdom, and internationally. The company operates in two segments, Products and Services. The Products segment offers a portfolio of infrastructure, devices, accessories, and software for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.

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Insider Buying and Selling by Quarter for Motorola Solutions (NYSE:MSI)

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