Motorola Solutions (NYSE:MSI) CFO Sells $3,995,914.24 in Stock

Motorola Solutions, Inc. (NYSE:MSI) CFO Jason Winkler sold 7,552 shares of the business’s stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $529.12, for a total value of $3,995,914.24. Following the transaction, the chief financial officer owned 11,319 shares in the company, valued at approximately $5,989,109.28. This represents a 40.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Motorola Solutions Stock Down 0.2%

Shares of MSI stock traded down $1.08 during trading hours on Tuesday, reaching $526.89. The company had a trading volume of 1,248,994 shares, compared to its average volume of 1,067,217. The company has a market capitalization of $87.20 billion, a P/E ratio of 42.39, a price-to-earnings-growth ratio of 2.97 and a beta of 0.86. The company has a debt-to-equity ratio of 3.13, a quick ratio of 0.86 and a current ratio of 1.10. Motorola Solutions, Inc. has a twelve month low of $359.36 and a twelve month high of $548.28. The stock’s fifty day simple moving average is $468.79 and its 200 day simple moving average is $442.54.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Wednesday, November 4th. The communications equipment provider reported $4.69 EPS for the quarter, topping the consensus estimate of $4.42 by $0.27. The firm had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.26 billion. Motorola Solutions had a return on equity of 99.35% and a net margin of 16.54%. Motorola Solutions’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the previous year, the company posted $4.06 EPS. As a group, sell-side analysts expect that Motorola Solutions, Inc. will post 15.91 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 16th were given a dividend of $1.21 per share. This represents a $4.84 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, September 16th. Motorola Solutions’s payout ratio is presently 38.94%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MSI. Valmark Advisers Inc. boosted its holdings in shares of Motorola Solutions by 1.7% in the 3rd quarter. Valmark Advisers Inc. now owns 1,177 shares of the communications equipment provider’s stock valued at $525,000 after buying an additional 20 shares during the period. Atticus Wealth Management LLC raised its stake in Motorola Solutions by 3.6% during the third quarter. Atticus Wealth Management LLC now owns 632 shares of the communications equipment provider’s stock worth $282,000 after acquiring an additional 22 shares during the period. Guidance Capital Inc. lifted its holdings in Motorola Solutions by 0.7% in the third quarter. Guidance Capital Inc. now owns 3,235 shares of the communications equipment provider’s stock worth $1,576,000 after acquiring an additional 22 shares during the last quarter. Ausdal Financial Partners Inc. lifted its holdings in Motorola Solutions by 3.0% in the second quarter. Ausdal Financial Partners Inc. now owns 780 shares of the communications equipment provider’s stock worth $324,000 after acquiring an additional 23 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its holdings in Motorola Solutions by 0.8% in the third quarter. Hantz Financial Services Inc. now owns 2,779 shares of the communications equipment provider’s stock worth $1,239,000 after acquiring an additional 23 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Northcoast Research raised their price target on shares of Motorola Solutions from $510.00 to $525.00 in a report on Thursday, August 27th. Piper Sandler reiterated an “overweight” rating and issued a $533.00 price objective (up from $531.00) on shares of Motorola Solutions in a report on Thursday, November 5th. Bank of America reissued a “buy” rating on shares of Motorola Solutions in a research report on Thursday, August 6th. Barclays raised their target price on Motorola Solutions from $529.00 to $598.00 and gave the company an “overweight” rating in a research note on Thursday, November 5th. Finally, Raymond James Financial lifted their target price on Motorola Solutions from $530.00 to $550.00 in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Motorola Solutions currently has an average rating of “Buy” and an average price target of $545.70.

Motorola Solutions Company Profile

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.