Insider Selling: Motorola Solutions, Inc. (NYSE:MSI) SVP Sells 5,274 Shares of Stock

Motorola Solutions, Inc. (NYSE:MSI) SVP Rajan Naik sold 5,274 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $373.81, for a total transaction of $1,971,473.94. Following the completion of the transaction, the senior vice president now directly owns 8,939 shares in the company, valued at $3,341,487.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Motorola Solutions Trading Up 0.2 %

MSI opened at $383.60 on Wednesday. The stock has a market capitalization of $63.98 billion, a P/E ratio of 47.42, a P/E/G ratio of 3.28 and a beta of 0.96. Motorola Solutions, Inc. has a 12 month low of $269.64 and a 12 month high of $384.63. The firm’s fifty day simple moving average is $358.59 and its 200 day simple moving average is $338.84. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 11.16.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, May 2nd. The communications equipment provider reported $2.56 EPS for the quarter, beating the consensus estimate of $2.27 by $0.29. The business had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.34 billion. Motorola Solutions had a net margin of 13.64% and a return on equity of 398.16%. As a group, research analysts anticipate that Motorola Solutions, Inc. will post 12.07 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 14th will be given a $0.98 dividend. The ex-dividend date is Friday, June 14th. This represents a $3.92 annualized dividend and a yield of 1.02%. Motorola Solutions’s dividend payout ratio is currently 48.45%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on MSI shares. Barclays raised their price objective on shares of Motorola Solutions from $362.00 to $372.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. JPMorgan Chase & Co. raised their price objective on shares of Motorola Solutions from $400.00 to $405.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Evercore ISI began coverage on shares of Motorola Solutions in a research report on Monday, March 25th. They set an “outperform” rating and a $400.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Motorola Solutions from $375.00 to $385.00 and gave the stock a “buy” rating in a research report on Monday, June 3rd. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $358.86.

Institutional Investors Weigh In On Motorola Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MSI. Crewe Advisors LLC acquired a new stake in Motorola Solutions in the 1st quarter valued at $28,000. Private Wealth Management Group LLC acquired a new position in shares of Motorola Solutions during the 4th quarter worth about $29,000. Rise Advisors LLC acquired a new position in shares of Motorola Solutions during the 1st quarter worth about $29,000. Northwest Capital Management Inc increased its stake in shares of Motorola Solutions by 71.4% during the 4th quarter. Northwest Capital Management Inc now owns 96 shares of the communications equipment provider’s stock worth $30,000 after purchasing an additional 40 shares during the last quarter. Finally, Motco increased its stake in shares of Motorola Solutions by 137.5% during the 4th quarter. Motco now owns 95 shares of the communications equipment provider’s stock worth $30,000 after purchasing an additional 55 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors and hedge funds.

About Motorola Solutions

Motorola Solutions, Inc provides public safety and enterprise security solutions 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.