Key Points
- CFO Jason Winkler sold 7,552 shares for about $4.0 million at an average price of $529.12, reducing his stake by 40.02%; he retained 11,319 shares.
- Other senior executives also reported share sales, with the CEO, CFO, COO and several senior vice presidents selling about 141,000 shares combined. The filings do not state the reasons for the sales.
- Motorola Solutions beat Q3 earnings and revenue estimates, with revenue up 12.2% year over year; the company also raised guidance and reported a record backlog.
Motorola Solutions, Inc. (NYSE:MSI - Get Free Report) SVP James Niewiara sold 2,086 shares of the company's stock in a transaction on Monday, November 9th. The stock was sold at an average price of $522.35, for a total value of $1,089,622.10. Following the sale, the senior vice president owned 18,398 shares of the company's stock, valued at $9,610,195.30. This trade represents a 10.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Motorola Solutions Price Performance
MSI opened at $526.89 on Wednesday. The business's 50-day moving average is $469.63 and its two-hundred day moving average is $443.19. Motorola Solutions, Inc. has a 1 year low of $359.36 and a 1 year high of $548.28. The company has a debt-to-equity ratio of 3.03, a current ratio of 1.10 and a quick ratio of 0.85. The firm has a market capitalization of $87.11 billion, a PE ratio of 42.39, a price-to-earnings-growth ratio of 2.87 and a beta of 0.86.
Motorola Solutions (NYSE:MSI - Get Free Report) last released its quarterly earnings results on Wednesday, November 4th. The communications equipment provider reported $4.69 EPS for the quarter, beating the consensus estimate of $4.42 by $0.27. The business had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.26 billion. Motorola Solutions had a net margin of 16.54% and a return on equity of 94.49%. During the same period in the prior year, the firm posted $4.06 earnings per share. The company's quarterly revenue was up 12.2% on a year-over-year basis. Research analysts anticipate that Motorola Solutions, Inc. will post 15.91 earnings per share for the current fiscal year.
Motorola Solutions Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 16th were paid a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Wednesday, September 16th. Motorola Solutions's payout ratio is 38.94%.
Wall Street Analysts Forecast Growth
MSI has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of Motorola Solutions from $545.00 to $570.00 and gave the company an "overweight" rating in a research note on Thursday, November 5th. Northcoast Research upped their price target on Motorola Solutions from $510.00 to $525.00 in a research report on Thursday, August 27th. Truist Financial upped their price target on Motorola Solutions from $550.00 to $555.00 and gave the stock a "buy" rating in a research report on Thursday, November 5th. Weiss Ratings lowered Motorola Solutions from a "buy (b)" rating to a "buy (b-)" rating in a report on Monday. Finally, Morgan Stanley reissued an "overweight" rating and issued a $476.00 price objective (up from $470.00) on shares of Motorola Solutions in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $545.70.
Check Out Our Latest Stock Analysis on MSI
Hedge Funds Weigh In On Motorola Solutions
Several hedge funds have recently modified their holdings of MSI. Valmark Advisers Inc. boosted its stake in Motorola Solutions by 1.7% in the 3rd quarter. Valmark Advisers Inc. now owns 1,177 shares of the communications equipment provider's stock worth $525,000 after purchasing an additional 20 shares in the last quarter. Atticus Wealth Management LLC grew its position in Motorola Solutions by 3.6% during the 3rd quarter. Atticus Wealth Management LLC now owns 632 shares of the communications equipment provider's stock worth $282,000 after purchasing an additional 22 shares during the last quarter. Guidance Capital Inc. increased its stake in Motorola Solutions by 0.7% during the 3rd quarter. Guidance Capital Inc. now owns 3,235 shares of the communications equipment provider's stock valued at $1,576,000 after purchasing an additional 22 shares in the last quarter. Ausdal Financial Partners Inc. increased its stake in Motorola Solutions by 3.0% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 780 shares of the communications equipment provider's stock valued at $324,000 after purchasing an additional 23 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its stake in Motorola Solutions by 0.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,779 shares of the communications equipment provider's stock valued at $1,239,000 after purchasing an additional 23 shares in the last quarter. Institutional investors and hedge funds own 84.17% of the company's stock.
Motorola Solutions News Roundup
Here are the key news stories impacting Motorola Solutions this week:
- Positive Sentiment: Motorola Solutions beat Q3 earnings expectations, raised its guidance and reported a record backlog. Its shares gained roughly 7% following the results, contrasting with a sharp post-earnings decline for competitor Axon. Axon vs. Motorola: Which Public Safety Stock Has More Upside After Q3 Earnings?
- Negative Sentiment: Several senior leaders reported selling shares in transactions on November 6 and 9. CEO Gregory Brown sold about 70,800 shares, while the CFO, COO and multiple senior vice presidents also reported sales—about 141,000 shares combined. Such sizable insider selling can concern investors, though the filings alone do not establish the reason for the sales. CEO Form 4 filing CFO Form 4 filing COO Form 4 filing
Motorola Solutions Company Profile
(
Get Free Report)
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.
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