Motorola Solutions (MSI) Chairman Gregory Q. Brown Sells 185,000 Shares

Motorola Solutions (NYSE:MSI) Chairman Gregory Q. Brown sold 185,000 shares of Motorola Solutions stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $109.08, for a total transaction of $20,179,800.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Gregory Q. Brown also recently made the following trade(s):

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  • On Friday, March 9th, Gregory Q. Brown sold 187,000 shares of Motorola Solutions stock. The stock was sold at an average price of $108.69, for a total transaction of $20,325,030.00.

Shares of NYSE:MSI opened at $103.98 on Friday. The company has a market capitalization of $17,109.89, a PE ratio of 20.00, a P/E/G ratio of 2.10 and a beta of 0.32. Motorola Solutions has a twelve month low of $79.63 and a twelve month high of $110.29. The company has a quick ratio of 1.24, a current ratio of 1.35 and a debt-to-equity ratio of -2.56.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, February 1st. The communications equipment provider reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.06. Motorola Solutions had a negative net margin of 2.43% and a negative return on equity of 75.81%. The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the business posted $2.03 EPS. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. equities analysts forecast that Motorola Solutions will post 6.3 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 15th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.00%. Motorola Solutions’s payout ratio is currently 40.00%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parnassus Investments CA raised its holdings in shares of Motorola Solutions by 0.7% in the 4th quarter. Parnassus Investments CA now owns 5,688,161 shares of the communications equipment provider’s stock worth $513,868,000 after purchasing an additional 38,579 shares in the last quarter. OppenheimerFunds Inc. raised its holdings in shares of Motorola Solutions by 572.8% during the fourth quarter. OppenheimerFunds Inc. now owns 2,729,002 shares of the communications equipment provider’s stock valued at $246,538,000 after acquiring an additional 2,323,370 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Motorola Solutions by 7.5% during the fourth quarter. Victory Capital Management Inc. now owns 2,354,680 shares of the communications equipment provider’s stock valued at $212,721,000 after acquiring an additional 164,564 shares during the period. Artisan Partners Limited Partnership raised its holdings in shares of Motorola Solutions by 8.9% during the third quarter. Artisan Partners Limited Partnership now owns 2,312,861 shares of the communications equipment provider’s stock valued at $196,293,000 after acquiring an additional 188,573 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Motorola Solutions by 9.5% during the fourth quarter. Bank of New York Mellon Corp now owns 2,217,974 shares of the communications equipment provider’s stock valued at $200,372,000 after acquiring an additional 193,079 shares during the period. Institutional investors and hedge funds own 87.94% of the company’s stock.

Several equities research analysts have recently weighed in on MSI shares. Citigroup lifted their price target on shares of Motorola Solutions from $112.00 to $120.00 and gave the company a “buy” rating in a report on Monday, February 5th. ValuEngine raised shares of Motorola Solutions from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Deutsche Bank lifted their price target on shares of Motorola Solutions from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, March 1st. Raymond James Financial set a $120.00 price target on shares of Motorola Solutions and gave the company a “buy” rating in a report on Friday, February 23rd. Finally, Northcoast Research set a $115.00 price target on shares of Motorola Solutions and gave the company a “buy” rating in a report on Wednesday, February 21st. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $114.17.

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Motorola Solutions Company Profile

Motorola Solutions, Inc, together with its subsidiaries, provides mission-critical communication infrastructure, devices, accessories, software, and services in the United States, the United Kingdom, and internationally. The company operates in two segments, Products and Services. The Products segment offers a portfolio of infrastructure, devices, accessories, and software for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.

Insider Buying and Selling by Quarter for Motorola Solutions (NYSE:MSI)

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