Insider Selling: Motorola Solutions (NYSE:MSI) CEO Sells $13,153,500.00 in Stock

Motorola Solutions, Inc. (NYSE:MSI) CEO Gregory Brown sold 25,000 shares of the business’s stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $526.14, for a total value of $13,153,500.00. Following the transaction, the chief executive officer directly owned 66,769 shares of the company’s stock, valued at $35,129,841.66. The trade was a 27.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Motorola Solutions Stock Down 0.8%

MSI stock traded down $4.03 during mid-day trading on Thursday, reaching $531.19. The company had a trading volume of 778,443 shares, compared to its average volume of 1,065,343. The company has a debt-to-equity ratio of 3.03, a quick ratio of 0.85 and a current ratio of 1.10. The company has a market capitalization of $87.82 billion, a price-to-earnings ratio of 42.73, a price-to-earnings-growth ratio of 2.87 and a beta of 0.86. The firm has a fifty day simple moving average of $470.50 and a 200 day simple moving average of $443.85. Motorola Solutions, Inc. has a fifty-two week low of $359.36 and a fifty-two week high of $548.28.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Wednesday, November 4th. The communications equipment provider reported $4.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.42 by $0.27. Motorola Solutions had a return on equity of 94.49% and a net margin of 16.54%. The business had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter last year, the business posted $4.06 EPS. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. Analysts forecast that Motorola Solutions, Inc. will post 15.90 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 16th were issued a $1.21 dividend. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $4.84 annualized dividend and a yield of 0.9%. Motorola Solutions’s dividend payout ratio (DPR) is 38.94%.

Hedge Funds Weigh In On Motorola Solutions

Hedge funds have recently added to or reduced their stakes in the stock. Evelyn Partners Asset Management Ltd acquired a new stake in shares of Motorola Solutions during the first quarter worth about $1,052,000. ProShare Advisors LLC lifted its holdings in shares of Motorola Solutions by 8.5% in the 3rd quarter. ProShare Advisors LLC now owns 49,900 shares of the communications equipment provider’s stock valued at $22,254,000 after purchasing an additional 3,911 shares during the last quarter. BNP Paribas boosted its position in shares of Motorola Solutions by 10.8% in the 2nd quarter. BNP Paribas now owns 29,636 shares of the communications equipment provider’s stock valued at $12,307,000 after purchasing an additional 2,884 shares during the period. First Nebraska Trust Co acquired a new stake in shares of Motorola Solutions in the 1st quarter valued at about $11,361,000. Finally, Lombard Odier Asset Management Switzerland SA purchased a new stake in Motorola Solutions in the 1st quarter valued at $2,204,000. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on MSI. Morgan Stanley reiterated an “overweight” rating and issued a $476.00 price target (up from $470.00) on shares of Motorola Solutions in a research note on Thursday, August 6th. Raymond James Financial raised their price objective on shares of Motorola Solutions from $530.00 to $550.00 in a report on Thursday, August 6th. Evercore raised their price objective on shares of Motorola Solutions from $525.00 to $550.00 in a report on Thursday, October 8th. Truist Financial lifted their price objective on shares of Motorola Solutions from $550.00 to $555.00 and gave the stock a “buy” rating in a research report on Thursday, November 5th. Finally, Bank of America reiterated a “buy” rating on shares of Motorola Solutions in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $545.70.

About Motorola Solutions

Motorola Solutions, Inc. provides communications, software, video security and related services for public safety agencies and commercial and industrial organizations. Its products include two-way radios and land mobile radio systems, dispatch consoles, command center software, video surveillance systems and access control technology. The company’s offerings are designed to help customers coordinate communications, manage incidents and support security operations. Motorola Solutions also provides services such as system integration, maintenance and technical support.