Motorola Solutions Inc (NYSE:MSI) Chairman Gregory Q. Brown sold 52,521 shares of Motorola Solutions stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $90.96, for a total value of $4,777,310.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Motorola Solutions Inc (MSI) opened at $90.66 on Wednesday. Motorola Solutions Inc has a 1 year low of $76.92 and a 1 year high of $94.96. The company has a debt-to-equity ratio of -5.41, a quick ratio of 1.16 and a current ratio of 1.30. The stock has a market capitalization of $15,168.04, a PE ratio of 18.22, a PEG ratio of 4.17 and a beta of 0.35.
Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, November 2nd. The communications equipment provider reported $1.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.13. The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.58 billion. Motorola Solutions had a negative return on equity of 92.09% and a net margin of 10.51%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company earned $1.37 earnings per share. research analysts predict that Motorola Solutions Inc will post 5.14 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 15th will be issued a $0.52 dividend. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.47. This represents a $2.08 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend is Thursday, December 14th. Motorola Solutions’s payout ratio is presently 48.08%.
A number of analysts have recently commented on the company. Zacks Investment Research raised Motorola Solutions from a “hold” rating to a “buy” rating and set a $97.00 price target on the stock in a research note on Wednesday, September 6th. Jefferies Group reissued a “buy” rating and set a $105.00 price target on shares of Motorola Solutions in a research note on Tuesday, August 22nd. Cowen reissued a “market perform” rating and set a $83.00 price target (up from $75.00) on shares of Motorola Solutions in a research note on Wednesday, August 9th. Finally, ValuEngine lowered Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $95.08.
A number of hedge funds have recently modified their holdings of the business. Gyroscope Capital Management Group LLC increased its holdings in Motorola Solutions by 1.0% in the second quarter. Gyroscope Capital Management Group LLC now owns 3,347 shares of the communications equipment provider’s stock worth $290,000 after purchasing an additional 32 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in Motorola Solutions by 0.3% in the second quarter. Janney Montgomery Scott LLC now owns 10,408 shares of the communications equipment provider’s stock worth $903,000 after purchasing an additional 34 shares in the last quarter. Pitcairn Co. increased its holdings in Motorola Solutions by 0.5% in the second quarter. Pitcairn Co. now owns 8,990 shares of the communications equipment provider’s stock worth $779,000 after purchasing an additional 42 shares in the last quarter. Rothschild Asset Management Inc. increased its holdings in Motorola Solutions by 0.8% in the second quarter. Rothschild Asset Management Inc. now owns 6,597 shares of the communications equipment provider’s stock worth $572,000 after purchasing an additional 51 shares in the last quarter. Finally, Smithfield Trust Co. increased its holdings in Motorola Solutions by 2.7% in the second quarter. Smithfield Trust Co. now owns 2,003 shares of the communications equipment provider’s stock worth $173,000 after purchasing an additional 53 shares in the last quarter. Institutional investors and hedge funds own 87.86% of the company’s stock.
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Motorola Solutions Company Profile
Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.
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