Insider Selling: Motorola Solutions Inc (MSI) Chairman Sells 21,600 Shares of Stock

Motorola Solutions Inc (NYSE:MSI) Chairman Gregory Q. Brown sold 21,600 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $146.93, for a total transaction of $3,173,688.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of NYSE:MSI opened at $148.39 on Friday. Motorola Solutions Inc has a twelve month low of $105.89 and a twelve month high of $148.98. The company has a market capitalization of $24.21 billion, a P/E ratio of 21.73, a price-to-earnings-growth ratio of 2.53 and a beta of 0.59.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, May 2nd. The communications equipment provider reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.20. The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Motorola Solutions had a net margin of 13.29% and a negative return on equity of 91.61%. The business’s revenue was up 12.9% on a year-over-year basis. During the same quarter last year, the company earned $1.10 EPS. Analysts expect that Motorola Solutions Inc will post 7.41 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.54%. Motorola Solutions’s payout ratio is 33.38%.

MSI has been the topic of several research reports. TheStreet upgraded shares of Motorola Solutions from a “c+” rating to a “b-” rating in a report on Tuesday, February 26th. Zacks Investment Research upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a report on Friday, May 10th. ValuEngine upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating in a report on Friday, February 8th. Deutsche Bank increased their price target on shares of Motorola Solutions to $150.00 and gave the stock a “buy” rating in a report on Friday, February 8th. Finally, Raymond James set a $139.00 price target on shares of Motorola Solutions and gave the stock a “buy” rating in a report on Friday, February 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $139.39.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Ameritas Investment Corp acquired a new stake in shares of Motorola Solutions during the 1st quarter worth approximately $369,000. FMR LLC grew its stake in shares of Motorola Solutions by 39.3% during the 1st quarter. FMR LLC now owns 1,847,513 shares of the communications equipment provider’s stock worth $259,427,000 after purchasing an additional 521,509 shares during the period. BlueMountain Capital Management LLC grew its stake in shares of Motorola Solutions by 161.6% during the 1st quarter. BlueMountain Capital Management LLC now owns 5,664 shares of the communications equipment provider’s stock worth $795,000 after purchasing an additional 3,499 shares during the period. Kore Private Wealth LLC acquired a new stake in shares of Motorola Solutions during the 1st quarter worth approximately $242,000. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of Motorola Solutions during the 1st quarter worth approximately $260,000. 86.30% of the stock is currently owned by institutional investors and hedge funds.

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Motorola Solutions Company Profile

Motorola Solutions, Inc provides mission-critical communication solutions the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Services and Software. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video solutions, as well as the implementation, optimization, and integration of networks, devices, software, and applications for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.

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

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