Key Points
- CEO Gregory Brown sold 28,435 shares on March 4 at an average price of $477.95 for about $13.59 million, cutting his holding by 23.86% to 90,721 shares (≈$43.36 million).
- Quarterly results beat estimates: Motorola reported EPS of $4.59 vs. $4.35 expected and revenue of $3.38 billion (up 12.3% YoY), with a net margin of 18.44% and very strong ROE.
- Dividend and analyst outlook: the company declared a quarterly dividend of $1.21 ($4.84 annualized, ~1.0% yield) and carries a consensus "Buy" rating with a $497.14 target from analysts.
Motorola Solutions, Inc. (NYSE:MSI - Get Free Report) CEO Gregory Brown sold 28,435 shares of the stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $477.95, for a total transaction of $13,590,508.25. Following the sale, the chief executive officer directly owned 90,721 shares in the company, valued at $43,360,101.95. This represents a 23.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Motorola Solutions Trading Down 1.3%
NYSE MSI opened at $461.11 on Friday. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.87 and a current ratio of 1.04. The firm has a market cap of $76.39 billion, a price-to-earnings ratio of 36.14, a PEG ratio of 3.27 and a beta of 0.96. The firm has a 50 day simple moving average of $420.96 and a 200-day simple moving average of $423.19. Motorola Solutions, Inc. has a one year low of $359.36 and a one year high of $492.22.
Motorola Solutions (NYSE:MSI - Get Free Report) last announced its earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share for the quarter, topping the consensus estimate of $4.35 by $0.24. The firm had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.34 billion. Motorola Solutions had a net margin of 18.44% and a return on equity of 110.75%. The firm's revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm earned $4.04 EPS. Equities research analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.
Motorola Solutions Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, March 20th will be given a dividend of $1.21 per share. The ex-dividend date of this dividend is Friday, March 20th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.0%. Motorola Solutions's dividend payout ratio is currently 37.93%.
Analyst Ratings Changes
A number of research firms recently issued reports on MSI. Barclays lifted their target price on Motorola Solutions from $495.00 to $506.00 and gave the company an "overweight" rating in a report on Thursday, February 12th. Argus raised Motorola Solutions to a "strong-buy" rating in a research note on Friday, February 13th. Weiss Ratings upgraded Motorola Solutions from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday. Morgan Stanley reaffirmed an "overweight" rating and issued a $470.00 price target on shares of Motorola Solutions in a research report on Thursday, February 12th. Finally, Piper Sandler reissued an "overweight" rating and set a $499.00 price objective (up from $443.00) on shares of Motorola Solutions in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Motorola Solutions currently has a consensus rating of "Buy" and a consensus target price of $497.14.
Read Our Latest Analysis on Motorola Solutions
Institutional Trading of Motorola Solutions
A number of large investors have recently bought and sold shares of MSI. Revolve Wealth Partners LLC acquired a new position in Motorola Solutions in the fourth quarter valued at $208,000. Sivia Capital Partners LLC purchased a new stake in shares of Motorola Solutions in the second quarter valued at about $210,000. Versor Investments LP acquired a new stake in shares of Motorola Solutions during the second quarter worth about $278,000. Sigma Planning Corp grew its holdings in shares of Motorola Solutions by 88.9% during the second quarter. Sigma Planning Corp now owns 905 shares of the communications equipment provider's stock worth $381,000 after buying an additional 426 shares during the last quarter. Finally, Prosperity Consulting Group LLC purchased a new position in shares of Motorola Solutions during the second quarter worth about $474,000. Institutional investors and hedge funds own 84.17% of the company's stock.
About Motorola Solutions
(
Get Free Report)
Motorola Solutions, Inc is a provider of mission-critical communications and analytics solutions for public safety and commercial customers. The company designs, manufactures and supports a range of communications equipment and software aimed at enabling first responders, government agencies and enterprises to coordinate and operate reliably in high-pressure environments. Its offerings emphasize secure, resilient connectivity and situational awareness for organizations that require dependable voice, data and video communications.
Product lines include land mobile radio (LMR) systems and handheld and vehicle-mounted radios used by police, fire and emergency medical services; broadband push-to-talk and LTE-based solutions; command-and-control center software for incident management and records; and video security and analytics systems.
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