Motorola Solutions Inc (MSI) CEO Sells $91,654.50 in Stock

Motorola Solutions Inc (NYSE:MSI) CEO Cynthia Yazdi sold 735 shares of the firm’s stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $124.70, for a total value of $91,654.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

MSI traded down $0.15 during midday trading on Friday, reaching $129.44. 26,127 shares of the company were exchanged, compared to its average volume of 987,907. Motorola Solutions Inc has a one year low of $89.18 and a one year high of $131.48. The stock has a market cap of $20.59 billion, a P/E ratio of 24.87, a price-to-earnings-growth ratio of 1.97 and a beta of 0.46.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, November 1st. The communications equipment provider reported $1.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.72 by $0.22. Motorola Solutions had a negative return on equity of 68.88% and a negative net margin of 0.44%. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter last year, the business earned $1.53 earnings per share. The company’s revenue was up 13.2% compared to the same quarter last year. Equities analysts expect that Motorola Solutions Inc will post 6.66 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 14th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend was Thursday, September 13th. Motorola Solutions’s dividend payout ratio (DPR) is currently 40.00%.

Several research firms recently issued reports on MSI. Deutsche Bank raised their price target on Motorola Solutions from $135.00 to $140.00 and gave the company a “buy” rating in a report on Monday. Gabelli cut Motorola Solutions from a “buy” rating to a “hold” rating in a report on Monday. They noted that the move was a valuation call. Citigroup decreased their price target on Motorola Solutions from $146.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, November 2nd. BMO Capital Markets raised their price target on Motorola Solutions from $134.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, November 2nd. Finally, JPMorgan Chase & Co. decreased their price target on Motorola Solutions from $130.00 to $126.00 and set a “sell” rating on the stock in a report on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. Motorola Solutions has an average rating of “Buy” and a consensus price target of $134.54.

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE boosted its holdings in Motorola Solutions by 7.3% during the second quarter. Bank of America Corp DE now owns 753,500 shares of the communications equipment provider’s stock worth $87,684,000 after buying an additional 50,949 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Motorola Solutions by 415.4% during the second quarter. Tower Research Capital LLC TRC now owns 4,886 shares of the communications equipment provider’s stock worth $568,000 after buying an additional 3,938 shares during the last quarter. Fort L.P. bought a new position in Motorola Solutions during the second quarter worth about $123,000. Citizens Financial Group Inc RI raised its position in shares of Motorola Solutions by 2,298.6% during the second quarter. Citizens Financial Group Inc RI now owns 55,983 shares of the communications equipment provider’s stock worth $6,515,000 after purchasing an additional 53,649 shares during the period. Finally, BlackRock Inc. raised its position in shares of 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 purchasing an additional 2,060,565 shares during the period. Hedge funds and other institutional investors own 86.55% of the company’s stock.

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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.

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