Gregory Q. Brown Sells 39,125 Shares of Motorola Solutions, Inc. (NYSE:MSI) Stock

Motorola Solutions, Inc. (NYSE:MSIGet Rating) CEO Gregory Q. Brown sold 39,125 shares of the stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $262.10, for a total value of $10,254,662.50. Following the completion of the sale, the chief executive officer now owns 45,476 shares of the company’s stock, valued at approximately $11,919,259.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Motorola Solutions Stock Up 0.4 %

MSI opened at $266.00 on Thursday. The stock has a market cap of $44.48 billion, a PE ratio of 39.12, a PEG ratio of 3.16 and a beta of 0.92. The business has a 50 day moving average of $238.71 and a 200-day moving average of $230.39. Motorola Solutions, Inc. has a 52 week low of $195.18 and a 52 week high of $273.65.

Motorola Solutions (NYSE:MSIGet Rating) last released its earnings results on Thursday, November 3rd. The communications equipment provider reported $3.00 EPS for the quarter, beating analysts’ consensus estimates of $2.88 by $0.12. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.32 billion. Motorola Solutions had a negative return on equity of 533.01% and a net margin of 13.47%. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.19 EPS. Equities analysts anticipate that Motorola Solutions, Inc. will post 9.22 EPS for the current year.

Motorola Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Thursday, December 15th will be paid a dividend of $0.88 per share. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.79. The ex-dividend date is Wednesday, December 14th. This represents a $3.52 dividend on an annualized basis and a yield of 1.32%. Motorola Solutions’s payout ratio is presently 46.47%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MSI. Barclays increased their price objective on Motorola Solutions to $305.00 in a report on Tuesday, August 9th. Credit Suisse Group dropped their price objective on Motorola Solutions from $301.00 to $300.00 and set a “market outperform” rating for the company in a report on Monday, November 7th. StockNews.com began coverage on Motorola Solutions in a report on Wednesday, October 12th. They issued a “buy” rating for the company. Morgan Stanley cut Motorola Solutions from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $240.00 to $260.00 in a report on Wednesday, September 14th. Finally, Cowen increased their price objective on Motorola Solutions to $311.00 in a report on Tuesday, August 9th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $291.00.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Toroso Investments LLC raised its stake in Motorola Solutions by 589.8% during the third quarter. Toroso Investments LLC now owns 22,530 shares of the communications equipment provider’s stock valued at $5,046,000 after buying an additional 19,264 shares during the last quarter. IHT Wealth Management LLC purchased a new position in Motorola Solutions during the third quarter valued at $264,000. B. Riley Wealth Advisors Inc. raised its stake in Motorola Solutions by 63.2% during the third quarter. B. Riley Wealth Advisors Inc. now owns 1,990 shares of the communications equipment provider’s stock valued at $446,000 after buying an additional 771 shares during the last quarter. Teachers Retirement System of The State of Kentucky bought a new stake in shares of Motorola Solutions in the 3rd quarter worth $3,472,000. Finally, National Pension Service increased its holdings in shares of Motorola Solutions by 0.5% in the 3rd quarter. National Pension Service now owns 296,340 shares of the communications equipment provider’s stock worth $66,765,000 after purchasing an additional 1,455 shares in the last quarter. Hedge funds and other institutional investors own 83.96% of the company’s stock.

About Motorola Solutions

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Motorola Solutions, Inc provides mission critical communications and analytics in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation, and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.

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