Gregory Q. Brown Sells 100,000 Shares of Motorola Solutions, Inc. (MSI) Stock
Motorola Solutions, Inc. (NYSE:MSI) CEO Gregory Q. Brown sold 100,000 shares of Motorola Solutions stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $92.57, for a total value of $9,257,000.00. Following the sale, the chief executive officer now directly owns 99,015 shares of the company’s stock, valued at $9,165,818.55. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Motorola Solutions, Inc. (NYSE MSI) traded up $0.12 during trading on Wednesday, reaching $92.45. The company’s stock had a trading volume of 1,040,200 shares, compared to its average volume of 1,077,832. Motorola Solutions, Inc. has a 12-month low of $76.92 and a 12-month high of $94.94. The company has a debt-to-equity ratio of -5.41, a quick ratio of 1.16 and a current ratio of 1.30. The company has a market cap of $14,957.44, a price-to-earnings ratio of 17.96, a PEG ratio of 4.11 and a beta of 0.33.
Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, November 2nd. The communications equipment provider reported $1.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.13. Motorola Solutions had a negative return on equity of 92.09% and a net margin of 10.51%. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter last year, the company posted $1.37 EPS. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. equities analysts expect that Motorola Solutions, Inc. will post 5.14 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 15th will be paid a $0.52 dividend. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.47. The ex-dividend date is Thursday, December 14th. This represents a $2.08 annualized dividend and a dividend yield of 2.25%. Motorola Solutions’s dividend payout ratio (DPR) is presently 48.08%.
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Several institutional investors and hedge funds have recently modified their holdings of MSI. Dimensional Fund Advisors LP increased its stake in shares of Motorola Solutions by 4.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 397,623 shares of the communications equipment provider’s stock valued at $34,277,000 after purchasing an additional 17,454 shares during the last quarter. LS Investment Advisors LLC increased its stake in shares of Motorola Solutions by 3.4% in the 2nd quarter. LS Investment Advisors LLC now owns 7,732 shares of the communications equipment provider’s stock valued at $671,000 after purchasing an additional 256 shares during the last quarter. Aperio Group LLC increased its stake in shares of Motorola Solutions by 8.0% in the 2nd quarter. Aperio Group LLC now owns 120,006 shares of the communications equipment provider’s stock valued at $10,409,000 after purchasing an additional 8,887 shares during the last quarter. Manning & Napier Advisors LLC bought a new position in shares of Motorola Solutions in the 2nd quarter valued at $3,335,000. Finally, APG Asset Management N.V. increased its stake in shares of Motorola Solutions by 6.0% in the 2nd quarter. APG Asset Management N.V. now owns 937,459 shares of the communications equipment provider’s stock valued at $81,315,000 after purchasing an additional 53,096 shares during the last quarter. Institutional investors own 88.17% of the company’s stock.
MSI has been the subject of several research reports. Jefferies Group LLC lifted their price target on Motorola Solutions from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Zacks Investment Research cut Motorola Solutions from a “buy” rating to a “hold” rating in a report on Monday, August 28th. Finally, Cleveland Research raised Motorola Solutions from a “neutral” rating to a “buy” rating in a report on Friday, October 6th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Motorola Solutions currently has an average rating of “Buy” and a consensus price target of $95.08.
About Motorola Solutions
Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.
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