Motorola Solutions Inc (MSI) Major Shareholder Motorola Solutions, Inc. Sells 949,779 Shares

Motorola Solutions Inc (NYSE:MSI) major shareholder Motorola Solutions, Inc. sold 949,779 shares of the business’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $15.00, for a total value of $14,246,685.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Motorola Solutions Inc (NYSE:MSI) traded up $3.02 during midday trading on Friday, hitting $96.57. The company’s stock had a trading volume of 1,874,908 shares, compared to its average volume of 867,645. Motorola Solutions Inc has a 1 year low of $76.92 and a 1 year high of $97.18. The company has a market cap of $15,155.08, a price-to-earnings ratio of 24.70, a PEG ratio of 3.95 and a beta of 0.35. The company has a debt-to-equity ratio of -5.41, a current ratio of 1.30 and a quick ratio of 1.16.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, November 2nd. The communications equipment provider reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.13. Motorola Solutions had a negative return on equity of 92.09% and a net margin of 10.51%. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the company posted $1.37 EPS. The business’s revenue was up 7.4% on a year-over-year basis. analysts forecast that Motorola Solutions Inc will post 5.13 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 15th were given a dividend of $0.52 per share. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.47. The ex-dividend date was Thursday, December 14th. This represents a $2.08 annualized dividend and a dividend yield of 2.15%. Motorola Solutions’s dividend payout ratio is presently 53.20%.

Several institutional investors have recently made changes to their positions in MSI. Oppenheimer & Co. Inc. boosted its position in shares of Motorola Solutions by 1.6% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 4,569 shares of the communications equipment provider’s stock valued at $396,000 after purchasing an additional 73 shares in the last quarter. Schroder Investment Management Group boosted its position in shares of Motorola Solutions by 50.2% during the 2nd quarter. Schroder Investment Management Group now owns 37,620 shares of the communications equipment provider’s stock valued at $3,265,000 after purchasing an additional 12,566 shares in the last quarter. CIBC World Markets Inc. boosted its position in shares of Motorola Solutions by 33.0% during the 2nd quarter. CIBC World Markets Inc. now owns 8,880 shares of the communications equipment provider’s stock valued at $770,000 after purchasing an additional 2,204 shares in the last quarter. Eaton Vance Management boosted its position in shares of Motorola Solutions by 853.7% during the 2nd quarter. Eaton Vance Management now owns 38,862 shares of the communications equipment provider’s stock valued at $3,371,000 after purchasing an additional 34,787 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK boosted its position in shares of Motorola Solutions by 20.9% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 47,828 shares of the communications equipment provider’s stock valued at $4,149,000 after purchasing an additional 8,267 shares in the last quarter. Institutional investors own 87.78% of the company’s stock.

A number of brokerages recently weighed in on MSI. Deutsche Bank upgraded Motorola Solutions from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a research report on Friday. Zacks Investment Research lowered Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. ValuEngine lowered Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Jefferies Group reiterated a “buy” rating and issued a $105.00 price target on shares of Motorola Solutions in a research report on Friday, October 6th. Finally, Cleveland Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating in a research report on Friday, October 6th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $95.08.

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About Motorola Solutions

Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.

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

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