Motorola Solutions Inc (NYSE:MSI) EVP John P. Molloy sold 152,871 shares of the stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $125.92, for a total value of $19,249,516.32. Following the completion of the transaction, the executive vice president now directly owns 23,127 shares in the company, valued at approximately $2,912,151.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
NYSE MSI traded up $0.95 during trading hours on Tuesday, hitting $124.45. 727,300 shares of the stock were exchanged, compared to its average volume of 1,125,662. Motorola Solutions Inc has a 12-month low of $88.06 and a 12-month high of $131.48. The company has a quick ratio of 1.09, a current ratio of 1.23 and a debt-to-equity ratio of -3.55. The stock has a market capitalization of $21.12 billion, a P/E ratio of 23.88, a P/E/G ratio of 2.06 and a beta of 0.41.
Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, August 2nd. The communications equipment provider reported $1.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.09. Motorola Solutions had a negative net margin of 0.97% and a negative return on equity of 70.84%. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same period last year, the company posted $1.12 earnings per share. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. On average, equities research analysts expect that Motorola Solutions Inc will post 6.57 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 14th will be paid a dividend of $0.52 per share. The ex-dividend date is Thursday, September 13th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.67%. Motorola Solutions’s dividend payout ratio (DPR) is 40.00%.
Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its position in Motorola Solutions by 13.1% during the second quarter. BlackRock Inc. now owns 17,760,318 shares of the communications equipment provider’s stock worth $2,066,771,000 after acquiring an additional 2,060,565 shares during the last quarter. Voya Investment Management LLC boosted its position in Motorola Solutions by 171.3% during the second quarter. Voya Investment Management LLC now owns 2,509,657 shares of the communications equipment provider’s stock worth $292,049,000 after acquiring an additional 1,584,672 shares during the last quarter. OppenheimerFunds Inc. boosted its position in Motorola Solutions by 33.2% during the first quarter. OppenheimerFunds Inc. now owns 3,635,014 shares of the communications equipment provider’s stock worth $382,767,000 after acquiring an additional 906,012 shares during the last quarter. Unigestion Holding SA acquired a new stake in Motorola Solutions during the second quarter worth approximately $81,578,000. Finally, Millennium Management LLC boosted its position in Motorola Solutions by 118.3% during the first quarter. Millennium Management LLC now owns 1,114,856 shares of the communications equipment provider’s stock worth $117,394,000 after acquiring an additional 604,248 shares during the last quarter. 86.23% of the stock is owned by institutional investors and hedge funds.
MSI has been the subject of several research analyst reports. Jefferies Financial Group upped their price objective on shares of Motorola Solutions to $140.00 and gave the company a “buy” rating in a research note on Monday, July 23rd. Credit Suisse Group set a $137.00 price objective on shares of Motorola Solutions and gave the company a “hold” rating in a research note on Friday, September 21st. Zacks Investment Research upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $137.00 price objective for the company in a research note on Tuesday, July 24th. Northcoast Research set a $128.00 target price on shares of Motorola Solutions and gave the stock a “buy” rating in a research note on Monday, August 6th. Finally, JPMorgan Chase & Co. downgraded shares of Motorola Solutions from a “neutral” rating to an “underweight” rating in a research note on Friday, August 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $131.85.
About Motorola Solutions
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.
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