Motorola Solutions Inc (NYSE:MSI) EVP Mark S. Hacker sold 102,628 shares of the business’s stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $127.01, for a total transaction of $13,034,782.28. Following the transaction, the executive vice president now directly owns 56,259 shares of the company’s stock, valued at $7,145,455.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of MSI traded down $0.35 during mid-day trading on Friday, reaching $125.59. The stock had a trading volume of 651,472 shares, compared to its average volume of 1,130,290. The firm has a market cap of $21.12 billion, a P/E ratio of 24.15, a PEG ratio of 2.06 and a beta of 0.41. Motorola Solutions Inc has a 12 month low of $86.75 and a 12 month high of $131.48. The company has a debt-to-equity ratio of -3.55, a current ratio of 1.23 and a quick ratio of 1.09.
Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, August 2nd. The communications equipment provider reported $1.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.09. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.72 billion. Motorola Solutions had a negative net margin of 0.97% and a negative return on equity of 70.84%. The company’s revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.12 earnings per share. Equities analysts anticipate that Motorola Solutions Inc will post 6.57 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 14th will be given a $0.52 dividend. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.66%. Motorola Solutions’s payout ratio is currently 40.00%.
Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE boosted its position in shares of Motorola Solutions by 7.3% in 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 purchasing an additional 50,949 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of 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 acquiring an additional 3,938 shares during the last quarter. Fort L.P. bought a new position in shares of Motorola Solutions during the second quarter worth $123,000. Citizens Financial Group Inc RI boosted 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 acquiring an additional 53,649 shares during the last quarter. Finally, BlackRock Inc. boosted 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 acquiring an additional 2,060,565 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.
Several research analysts have recently weighed in on MSI shares. Zacks Investment Research raised shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $137.00 price objective for the company in a report on Tuesday, July 24th. Jefferies Financial Group boosted their target price on shares of Motorola Solutions to $140.00 and gave the company a “buy” rating in a research report on Monday, July 23rd. Credit Suisse Group set a $129.00 target price on shares of Motorola Solutions and gave the company a “buy” rating in a research report on Tuesday, July 17th. Argus boosted their target price on shares of Motorola Solutions to $140.00 and gave the company a “buy” rating in a research report on Tuesday, August 7th. Finally, Northcoast Research set a $128.00 target price on shares of Motorola Solutions and gave the company a “buy” rating in a research report on Monday, August 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $131.85.
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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