Motorola Solutions, Inc. (NYSE:MSI – Get Rating) CEO Gregory Q. Brown sold 26,500 shares of Motorola Solutions stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $263.29, for a total value of $6,977,185.00. Following the completion of the transaction, the chief executive officer now owns 45,476 shares in the company, valued at approximately $11,973,376.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Motorola Solutions Stock Up 1.0 %
Shares of NYSE MSI opened at $265.06 on Wednesday. The business’s 50 day moving average price is $238.71 and its 200 day moving average price is $230.39. The firm has a market cap of $44.32 billion, a P/E ratio of 38.98, a P/E/G ratio of 3.16 and a beta of 0.92. Motorola Solutions, Inc. has a 52 week low of $195.18 and a 52 week high of $273.65.
Motorola Solutions (NYSE:MSI – Get Rating) last issued its earnings results on Thursday, November 3rd. The communications equipment provider reported $3.00 EPS for the quarter, beating analysts’ consensus estimates of $2.88 by $0.12. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.32 billion. Motorola Solutions had a negative return on equity of 533.01% and a net margin of 13.47%. Motorola Solutions’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.19 earnings per share. As a group, research analysts expect that Motorola Solutions, Inc. will post 9.22 earnings per share for the current year.
Motorola Solutions Increases Dividend
Analyst Ratings Changes
A number of brokerages have recently weighed in on MSI. Morgan Stanley lowered Motorola Solutions from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $240.00 to $260.00 in a research note on Wednesday, September 14th. Barclays boosted their price target on Motorola Solutions to $305.00 in a research note on Tuesday, August 9th. Cowen boosted their price target on Motorola Solutions to $311.00 in a research note on Tuesday, August 9th. Credit Suisse Group dropped their price target on Motorola Solutions from $301.00 to $300.00 and set a “market outperform” rating on the stock in a research note on Monday, November 7th. Finally, StockNews.com began coverage on Motorola Solutions in a research note on Wednesday, October 12th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $291.00.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the stock. Merit Financial Group LLC lifted its holdings in Motorola Solutions by 4.5% in the second quarter. Merit Financial Group LLC now owns 955 shares of the communications equipment provider’s stock valued at $200,000 after acquiring an additional 41 shares during the period. Integrated Advisors Network LLC lifted its holdings in Motorola Solutions by 3.8% in the third quarter. Integrated Advisors Network LLC now owns 1,217 shares of the communications equipment provider’s stock valued at $273,000 after acquiring an additional 44 shares during the period. Strengthening Families & Communities LLC lifted its holdings in Motorola Solutions by 6.4% in the second quarter. Strengthening Families & Communities LLC now owns 753 shares of the communications equipment provider’s stock valued at $180,000 after acquiring an additional 45 shares during the period. TrinityPoint Wealth LLC lifted its holdings in Motorola Solutions by 4.1% in the second quarter. TrinityPoint Wealth LLC now owns 1,138 shares of the communications equipment provider’s stock valued at $239,000 after acquiring an additional 45 shares during the period. Finally, McIlrath & Eck LLC lifted its holdings in Motorola Solutions by 8.3% in the second quarter. McIlrath & Eck LLC now owns 613 shares of the communications equipment provider’s stock valued at $129,000 after acquiring an additional 47 shares during the period. 83.96% of the stock is owned by institutional investors and hedge funds.
About Motorola Solutions
Motorola Solutions, Inc provides mission critical communications and analytics in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation, and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.
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