Key Points
- Motorola Solutions CEO Gregory Brown sold 25,000 shares for about $13.15 million at an average price of $526.14, reducing his direct stake by 27.24% to 66,769 shares.
- The company reported quarterly results above expectations: earnings were $4.69 per share versus a $4.42 consensus, while revenue rose 12.2% year over year to $3.38 billion.
- Analysts maintain a broadly positive outlook, with an average “Buy” rating and a $545.70 consensus price target; Truist and UBS recently raised their targets to $555 and $570, respectively.
Motorola Solutions, Inc. (NYSE:MSI - Get Free Report) CEO Gregory Brown sold 25,000 shares of Motorola Solutions stock in a transaction that occurred on Tuesday, November 10th. The shares were 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 in the company, valued at approximately $35,129,841.66. The trade was a 27.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Motorola Solutions Trading Down 0.8%
Shares of Motorola Solutions stock opened at $531.19 on Friday. The company has a market capitalization of $87.82 billion, a P/E ratio of 42.73, a price-to-earnings-growth ratio of 2.88 and a beta of 0.86. The stock has a fifty day simple moving average of $471.55 and a 200 day simple moving average of $444.50. Motorola Solutions, Inc. has a 12-month low of $359.36 and a 12-month high of $548.28. The company has a current ratio of 1.10, a quick ratio of 0.85 and a debt-to-equity ratio of 3.03.
Motorola Solutions (NYSE:MSI - Get Free Report) last issued its quarterly earnings data on Wednesday, November 4th. The communications equipment provider reported $4.69 earnings per share 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 for the quarter, compared to analysts' expectations of $3.26 billion. During the same period last year, the business earned $4.06 EPS. The business's revenue was up 12.2% on a year-over-year basis. On average, sell-side analysts anticipate that Motorola Solutions, Inc. will post 16.08 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. Stockholders of record on Wednesday, September 16th were issued a $1.21 dividend. The ex-dividend date was Wednesday, September 16th. This represents a $4.84 annualized dividend and a dividend yield of 0.9%. Motorola Solutions's dividend payout ratio is currently 38.94%.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. Evelyn Partners Asset Management Ltd purchased a new position in shares of Motorola Solutions in the 1st quarter worth about $1,052,000. ProShare Advisors LLC grew its position in Motorola Solutions by 8.5% during the third quarter. ProShare Advisors LLC now owns 49,900 shares of the communications equipment provider's stock valued at $22,254,000 after buying an additional 3,911 shares during the period. BNP Paribas grew its position in Motorola Solutions by 10.8% during the second quarter. BNP Paribas now owns 29,636 shares of the communications equipment provider's stock valued at $12,307,000 after buying an additional 2,884 shares during the period. Lombard Odier Asset Management Switzerland SA purchased a new stake in Motorola Solutions during the first quarter worth about $2,204,000. Finally, First Nebraska Trust Co purchased a new stake in Motorola Solutions during the first quarter worth about $11,361,000. Institutional investors own 84.17% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on MSI. Truist Financial raised their price target on shares of Motorola Solutions from $550.00 to $555.00 and gave the company a "buy" rating in a research report on Thursday, November 5th. Bank of America reaffirmed a "buy" rating on shares of Motorola Solutions in a research report on Thursday, August 6th. UBS Group increased their price objective on shares of Motorola Solutions from $520.00 to $570.00 and gave the company a "buy" rating in a research note on Thursday, November 5th. Weiss Ratings lowered shares of Motorola Solutions from a "buy (b)" rating to a "buy (b-)" rating in a research note on Monday. Finally, Morgan Stanley reissued an "overweight" rating and set a $476.00 target price (up from $470.00) on shares of Motorola Solutions in a research report on Thursday, August 6th. One investment 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's stock. According to MarketBeat.com, Motorola Solutions presently has an average rating of "Buy" and a consensus price target of $545.70.
Get Our Latest Research Report on Motorola Solutions
About Motorola Solutions
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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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