Motorola Solutions Inc (NYSE:MSI) Chairman Gregory Q. Brown Sells 264,635 Shares

Motorola Solutions Inc (NYSE:MSI) Chairman Gregory Q. Brown sold 264,635 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $176.80, for a total transaction of $46,787,468.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

  • On Thursday, August 8th, Gregory Q. Brown sold 85,471 shares of Motorola Solutions stock. The shares were sold at an average price of $177.99, for a total value of $15,212,983.29.

NYSE MSI traded down $1.29 on Monday, reaching $175.02. 949,293 shares of the company’s stock traded hands, compared to its average volume of 866,639. Motorola Solutions Inc has a 12 month low of $108.25 and a 12 month high of $179.14. The stock has a 50-day moving average price of $169.95. The firm has a market cap of $29.64 billion, a PE ratio of 25.62, a PEG ratio of 3.18 and a beta of 0.56.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.17. The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Motorola Solutions had a net margin of 13.47% and a negative return on equity of 105.22%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the business earned $1.46 earnings per share. As a group, research analysts anticipate that Motorola Solutions Inc will post 7.35 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the company. Cetera Advisor Networks LLC boosted its stake in shares of Motorola Solutions by 12.1% during the second quarter. Cetera Advisor Networks LLC now owns 2,478 shares of the communications equipment provider’s stock valued at $417,000 after purchasing an additional 268 shares during the period. Cetera Advisors LLC bought a new position in Motorola Solutions in the second quarter worth $222,000. Bank of New York Mellon Corp raised its holdings in Motorola Solutions by 8.7% in the second quarter. Bank of New York Mellon Corp now owns 1,279,697 shares of the communications equipment provider’s stock worth $213,362,000 after purchasing an additional 102,021 shares in the last quarter. Fiera Capital Corp bought a new position in shares of Motorola Solutions during the second quarter valued at $1,112,000. Finally, Bahl & Gaynor Inc. increased its holdings in shares of Motorola Solutions by 724.5% during the second quarter. Bahl & Gaynor Inc. now owns 84,928 shares of the communications equipment provider’s stock valued at $14,160,000 after acquiring an additional 74,628 shares in the last quarter. 85.41% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on MSI shares. Barclays started coverage on Motorola Solutions in a research report on Wednesday, August 7th. They set an “overweight” rating and a $195.00 price target on the stock. JPMorgan Chase & Co. upped their price target on Motorola Solutions from $136.00 to $150.00 and gave the company an “underweight” rating in a research report on Wednesday, July 24th. Northcoast Research cut Motorola Solutions from a “buy” rating to a “neutral” rating and set a $171.53 price target on the stock. in a research report on Wednesday, July 17th. MKM Partners upped their price target on Motorola Solutions to $170.00 in a research report on Friday, August 2nd. Finally, Argus upped their price target on Motorola Solutions from $165.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. Motorola Solutions currently has a consensus rating of “Buy” and an average target price of $158.00.

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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