Motorola Solutions Inc (NYSE:MSI) EVP John P. Molloy sold 165,852 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $162.06, for a total transaction of $26,877,975.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of NYSE:MSI traded down $1.10 on Thursday, hitting $160.21. The company had a trading volume of 219,650 shares, compared to its average volume of 1,025,213. Motorola Solutions Inc has a 1 year low of $108.25 and a 1 year high of $164.27. The stock has a market cap of $26.46 billion, a price-to-earnings ratio of 23.46, a P/E/G ratio of 2.83 and a beta of 0.52.
Motorola Solutions (NYSE:MSI) last posted its earnings results on Thursday, May 2nd. The communications equipment provider reported $1.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.20. Motorola Solutions had a net margin of 13.29% and a negative return on equity of 91.61%. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period last year, the company posted $1.10 EPS. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. On average, equities research analysts expect that Motorola Solutions Inc will post 7.41 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 14th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $2.28 dividend on an annualized basis and a yield of 1.42%. Motorola Solutions’s dividend payout ratio (DPR) is currently 33.38%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Truvestments Capital LLC purchased a new position in Motorola Solutions during the 1st quarter valued at about $28,000. Institutional & Family Asset Management LLC lifted its position in Motorola Solutions by 100.0% during the 1st quarter. Institutional & Family Asset Management LLC now owns 200 shares of the communications equipment provider’s stock valued at $28,000 after acquiring an additional 100 shares during the period. Icon Wealth Partners LLC purchased a new position in Motorola Solutions during the 1st quarter valued at about $36,000. Berman Capital Advisors LLC lifted its position in Motorola Solutions by 60.2% during the 1st quarter. Berman Capital Advisors LLC now owns 274 shares of the communications equipment provider’s stock valued at $38,000 after acquiring an additional 103 shares during the period. Finally, Liberty Wealth Management LLC purchased a new position in Motorola Solutions during the 4th quarter valued at about $32,000. 85.91% of the stock is owned by institutional investors.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. TheStreet raised shares of Motorola Solutions from a “c+” rating to a “b-” rating in a research report on Tuesday, February 26th. MKM Partners raised their target price on shares of Motorola Solutions to $143.00 and gave the stock a “neutral” rating in a research report on Monday, May 6th. Deutsche Bank raised their target price on shares of Motorola Solutions from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Finally, Citigroup raised their target price on shares of Motorola Solutions from $145.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company’s stock. Motorola Solutions has an average rating of “Buy” and a consensus target price of $139.39.
Motorola Solutions Company Profile
Motorola Solutions, Inc provides mission-critical communication solutions the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Services and Software. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video solutions, as well as the implementation, optimization, and integration of networks, devices, software, and applications for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.
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