Insider Selling: Mark Moon Sells 20,354 Shares of Motorola Solutions Stock (MSI)
Motorola Solutions (NYSE:MSI) EVP Mark Moon sold 20,354 shares of the company’s stock on the open market in a transaction dated Thursday, October 24th. The stock was sold at an average price of $62.37, for a total value of $1,269,478.98. Following the sale, the executive vice president now directly owns 51,177 shares in the company, valued at approximately $3,191,909. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Motorola Solutions (NYSE:MSI) traded up 0.77% during mid-day trading on Friday, hitting $62.99. 1,524,913 shares of the company’s stock traded hands. Motorola Solutions has a 1-year low of $49.49 and a 1-year high of $64.72. The stock’s 50-day moving average is $56.45 and its 200-day moving average is $58.69. The company has a market cap of $16.746 billion and a price-to-earnings ratio of 17.79.
Motorola Solutions (NYSE:MSI) last announced its earnings results on Wednesday, October 23rd. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.14. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter last year, the company posted $0.84 earnings per share. Motorola Solutions’s revenue was down 1.9% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, January 15th. Investors of record on Friday, December 13th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Wednesday, December 11th.
Several analysts have recently commented on the stock. Analysts at MKM Partners raised their price target on shares of Motorola Solutions from $58.00 to $68.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Motorola Solutions from $61.00 to $65.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Motorola Solutions from $62.00 to $70.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Thirteen research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $61.30.
Motorola Solutions, Inc (NYSE:MSI) provides mission-critical communication infrastructure, devices, software and services.
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