Motorola Solutions Inc (NYSE:MSI) Chairman Gregory Q. Brown sold 185,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $109.08, for a total transaction of $20,179,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Gregory Q. Brown also recently made the following trade(s):
- On Friday, March 9th, Gregory Q. Brown sold 187,000 shares of Motorola Solutions stock. The shares were sold at an average price of $108.69, for a total transaction of $20,325,030.00.
Shares of Motorola Solutions Inc (MSI) traded up $0.25 during trading hours on Wednesday, reaching $108.95. 933,538 shares of the company traded hands, compared to its average volume of 1,325,115. The firm has a market capitalization of $17,620.00, a PE ratio of 26.59, a price-to-earnings-growth ratio of 2.16 and a beta of 0.32. Motorola Solutions Inc has a 52-week low of $79.63 and a 52-week high of $110.29. The company has a current ratio of 1.35, a quick ratio of 1.24 and a debt-to-equity ratio of -2.56.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 15th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $2.08 annualized dividend and a yield of 1.91%. Motorola Solutions’s dividend payout ratio (DPR) is 50.73%.
A number of large investors have recently modified their holdings of the stock. Grove Bank & Trust raised its holdings in Motorola Solutions by 731.0% during the third quarter. Grove Bank & Trust now owns 1,205 shares of the communications equipment provider’s stock worth $102,000 after purchasing an additional 1,060 shares in the last quarter. NuWave Investment Management LLC acquired a new stake in Motorola Solutions during the fourth quarter worth approximately $168,000. Fuller & Thaler Asset Management Inc. acquired a new stake in Motorola Solutions during the third quarter worth approximately $187,000. Tower Research Capital LLC TRC acquired a new stake in Motorola Solutions during the fourth quarter worth approximately $188,000. Finally, Meeder Asset Management Inc. raised its holdings in Motorola Solutions by 67.4% during the fourth quarter. Meeder Asset Management Inc. now owns 2,171 shares of the communications equipment provider’s stock worth $196,000 after purchasing an additional 874 shares in the last quarter. 87.93% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have recently commented on the stock. Citigroup raised their price objective on shares of Motorola Solutions from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, March 9th. ValuEngine raised shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Jefferies Group reissued a “buy” rating on shares of Motorola Solutions in a research note on Thursday, March 1st. Deutsche Bank raised their price objective on shares of Motorola Solutions from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, March 1st. Finally, Northcoast Research set a $115.00 price objective on shares of Motorola Solutions and gave the company a “buy” rating in a research note on Wednesday, February 21st. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Motorola Solutions has an average rating of “Buy” and an average price target of $112.09.
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Motorola Solutions Company Profile
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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