Motorola Solutions (NYSE:MSI) CFO Sells 9,609 Shares of Stock

Motorola Solutions, Inc. (NYSE:MSI) CFO Jason Winkler sold 9,609 shares of the stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $513.06, for a total value of $4,929,993.54. Following the sale, the chief financial officer directly owned 11,319 shares of the company’s stock, valued at approximately $5,807,326.14. The trade was a 45.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Motorola Solutions Stock Down 0.2%

MSI stock traded down $1.08 during mid-day trading on Tuesday, hitting $526.89. 1,248,994 shares of the company were exchanged, compared to its average volume of 1,067,217. 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 1-year low of $359.36 and a 1-year high of $548.28. The firm’s 50 day simple moving average is $468.79 and its 200 day simple moving average is $442.54. The firm has a market cap of $87.20 billion, a P/E ratio of 42.39, a P/E/G ratio of 2.97 and a beta of 0.86.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results 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 net margin of 16.54% and a return on equity of 99.35%. The company had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter in the prior year, the company earned $4.06 earnings per share. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, sell-side analysts predict that Motorola Solutions, Inc. will post 15.91 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

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

Analyst Ratings Changes

MSI has been the subject of a number of research reports. Northcoast Research increased their target price on Motorola Solutions from $510.00 to $525.00 in a report on Thursday, August 27th. Raymond James Financial boosted their price target on Motorola Solutions from $530.00 to $550.00 in a report on Thursday, August 6th. Barclays upped their price objective on Motorola Solutions from $529.00 to $598.00 and gave the stock an “overweight” rating in a research report on Thursday, November 5th. Evercore increased their price objective on Motorola Solutions from $525.00 to $550.00 in a report on Thursday, October 8th. Finally, Weiss Ratings raised Motorola Solutions from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Motorola Solutions presently has a consensus rating of “Buy” and an average price target of $545.70.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in MSI. Western Wealth Management LLC bought a new position in Motorola Solutions in the first quarter valued at $27,000. Field & Main Bank acquired a new position in Motorola Solutions during the second quarter valued at approximately $31,000. Gen Wealth Partners Inc boosted its position in Motorola Solutions by 310.5% during the third quarter. Gen Wealth Partners Inc now owns 78 shares of the communications equipment provider’s stock valued at $35,000 after purchasing an additional 59 shares during the last quarter. Lodestone Wealth Management LLC grew its stake in Motorola Solutions by 53.7% in the third quarter. Lodestone Wealth Management LLC now owns 83 shares of the communications equipment provider’s stock valued at $37,000 after purchasing an additional 29 shares in the last quarter. Finally, Essential Partners LLC grew its stake in Motorola Solutions by 633.3% in the first quarter. Essential Partners LLC now owns 88 shares of the communications equipment provider’s stock valued at $38,000 after purchasing an additional 76 shares in the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

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.