Insider Selling: Motorola Solutions (NYSE:MSI) COO Sells $21,083,189.90 in Stock

Motorola Solutions, Inc. (NYSE:MSI) COO John Molloy sold 40,982 shares of Motorola Solutions stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $514.45, for a total value of $21,083,189.90. Following the transaction, the chief operating officer owned 69,330 shares of the company’s stock, valued at $35,666,818.50. The trade was a 37.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Motorola Solutions Stock Performance

Shares of MSI traded down $1.08 during mid-day trading 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. Motorola Solutions, Inc. has a 52-week low of $359.36 and a 52-week high of $548.28. The company has a quick ratio of 0.86, a current ratio of 1.10 and a debt-to-equity ratio of 3.13. The stock has a market capitalization of $87.20 billion, a P/E ratio of 42.39, a PEG ratio of 2.97 and a beta of 0.86. The stock has a 50 day moving average of $468.79 and a two-hundred day moving average of $442.54.

Motorola Solutions (NYSE:MSI) last posted its 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% compared to the same quarter last year. During the same period last year, the company earned $4.06 earnings per share. On average, analysts expect that Motorola Solutions, Inc. will post 15.91 earnings per share for the current year.

Motorola Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 16th were given a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a yield of 0.9%. The ex-dividend date was Wednesday, September 16th. Motorola Solutions’s dividend payout ratio (DPR) is currently 38.94%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MSI. Piper Sandler restated an “overweight” rating and issued a $533.00 price objective (up from $531.00) on shares of Motorola Solutions in a research report on Thursday, November 5th. Truist Financial lifted their price target on shares of Motorola Solutions from $550.00 to $555.00 and gave the company a “buy” rating in a research note on Thursday, November 5th. Barclays boosted their price target on shares of Motorola Solutions from $529.00 to $598.00 and gave the stock an “overweight” rating in a report on Thursday, November 5th. Evercore upped their price target on shares of Motorola Solutions from $525.00 to $550.00 in a research report on Thursday, October 8th. Finally, Raymond James Financial lifted their price target on Motorola Solutions from $530.00 to $550.00 in a research note 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 given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $545.70.

Hedge Funds Weigh In On Motorola Solutions

Hedge funds and other institutional investors have recently modified their holdings of the business. Valmark Advisers Inc. boosted its stake in Motorola Solutions by 1.7% during the 3rd quarter. Valmark Advisers Inc. now owns 1,177 shares of the communications equipment provider’s stock worth $525,000 after acquiring an additional 20 shares during the last quarter. Atticus Wealth Management LLC increased its stake in Motorola Solutions by 3.6% in the third quarter. Atticus Wealth Management LLC now owns 632 shares of the communications equipment provider’s stock valued at $282,000 after purchasing an additional 22 shares in the last quarter. Guidance Capital Inc. increased its stake 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 valued at $1,576,000 after purchasing an additional 22 shares in the last quarter. Ausdal Financial Partners Inc. raised 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 purchasing an additional 23 shares during the period. Finally, Hantz Financial Services Inc. raised 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 purchasing an additional 23 shares during the period. 84.17% of the stock is owned by hedge funds and other institutional investors.

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.