Katherine A. Maher Sells 2,615 Shares of Motorola Solutions, Inc. (NYSE:MSI) Stock

Motorola Solutions, Inc. (NYSE:MSI) CAO Katherine A. Maher sold 2,615 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $354.68, for a total value of $927,488.20. Following the completion of the sale, the chief accounting officer now owns 1,138 shares in the company, valued at approximately $403,625.84. The transaction was disclosed in a filing with the SEC, which is available at this link.

Motorola Solutions Price Performance

Shares of Motorola Solutions stock traded up $1.25 during trading hours on Thursday, reaching $360.27. 526,156 shares of the company’s stock were exchanged, compared to its average volume of 667,761. The business has a fifty day moving average of $344.95 and a two-hundred day moving average of $325.55. The company has a market capitalization of $60.09 billion, a P/E ratio of 44.53, a price-to-earnings-growth ratio of 3.27 and a beta of 0.91. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 11.16. Motorola Solutions, Inc. has a 1 year low of $269.64 and a 1 year high of $361.68.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, February 8th. The communications equipment provider reported $3.90 earnings per share for the quarter, topping the consensus estimate of $3.63 by $0.27. The company had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.82 billion. Motorola Solutions had a return on equity of 398.16% and a net margin of 13.64%. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business posted $3.38 earnings per share. As a group, research analysts predict that Motorola Solutions, Inc. will post 11.74 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were paid a $0.98 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.92 dividend on an annualized basis and a yield of 1.09%. Motorola Solutions’s dividend payout ratio is presently 48.45%.

Institutional Investors Weigh In On Motorola Solutions

Several large investors have recently modified their holdings of the stock. Norges Bank purchased a new position in shares of Motorola Solutions during the 4th quarter worth approximately $646,341,000. Alphinity Investment Management Pty Ltd purchased a new position in shares of Motorola Solutions in the 4th quarter valued at about $339,283,000. Groupama Asset Managment purchased a new position in shares of Motorola Solutions in the 4th quarter valued at about $178,361,000. Ameriprise Financial Inc. lifted its stake in shares of Motorola Solutions by 67.8% in the third quarter. Ameriprise Financial Inc. now owns 1,193,146 shares of the communications equipment provider’s stock valued at $324,614,000 after purchasing an additional 482,023 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new stake in Motorola Solutions during the third quarter worth about $77,388,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Barclays raised their price target on shares of Motorola Solutions from $362.00 to $372.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Deutsche Bank Aktiengesellschaft upped their price target on Motorola Solutions from $355.00 to $375.00 and gave the stock a “buy” rating in a report on Monday. William Blair reissued an “outperform” rating on shares of Motorola Solutions in a report on Friday, February 9th. JPMorgan Chase & Co. upped their target price on Motorola Solutions from $400.00 to $405.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Finally, Evercore ISI initiated coverage on Motorola Solutions in a research report on Monday, March 25th. They set an “outperform” rating and a $400.00 target price on the stock. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $357.43.

Motorola Solutions Company Profile

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.