In yesterday’s Wall Street session, Motorola Solutions Inc. (NYSE:MSI) shares traded at $266.00, up 0.35% from the previous session.
MSI stock price is now 11.43% away from the 50-day moving average and 16.06% away from the 200-day moving average. The market capitalization of the company currently stands at $43.22B.
With the price target enhanced from $240 to $260, Morgan Stanley Downgraded its rating from Overweight to Equal-Weight for Motorola Solutions Inc. (NYSE: MSI). On May 23, 2022, Morgan Stanley Upgraded its previous ‘Equal-Weight’ rating to ‘Overweight’ on the stock keeping its target price maintained at $240, while ‘Loop Capital’ rates the stock as ‘Buy’.
In other news, YAZDI CYNTHIA, SVP, Communications & Brand sold 1,009 shares of the company’s stock on Nov 22. The stock was sold for $267,385 at an average price of $265.00. Upon completion of the transaction, the SVP, Communications & Brand now directly owns 501 shares in the company, valued at $0.13 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 22, Chairman and CEO BROWN GREGORY Q sold 23,500 shares of the business’s stock. A total of $6,202,775 was realized by selling the stock at an average price of $263.95. This leaves the insider owning 45,476 shares of the company worth $12.1 million. Insiders disposed of 1,309,770 shares of company stock worth roughly $348.4 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MSI stock. A new stake in Motorola Solutions Inc. shares was purchased by LMR PARTNERS LLP during the first quarter worth $45,505,000. BOWEN HANES & CO INC invested $37,273,000 in shares of MSI during the first quarter. In the first quarter, BALYASNY ASSET MANAGEMENT LLC acquired a new stake in Motorola Solutions Inc. valued at approximately $34,297,000. STRS OHIO acquired a new stake in MSI for approximately $24,738,000. VARMA MUTUAL PENSION INSURANCE CO purchased a new stake in MSI valued at around $21,599,000 in the second quarter. In total, there are 1,240 active investors with 88.30% ownership of the company’s stock.
On Wednesday morning Motorola Solutions Inc. (NYSE: MSI) stock kicked off with the opening price of $265.48. During the past 12 months, Motorola Solutions Inc. has had a low of $195.18 and a high of $273.65. The fifty day moving average price for MSI is $239.19 and a two-hundred day moving average price translates $229.34 for the stock.
The latest earnings results from Motorola Solutions Inc. (NYSE: MSI) was released for Jul, 2022. According to the Communication Equipment Company, earnings per share came in at $2.07, beating analysts’ expectations of $1.87 by 0.2. This compares to $1.77 EPS in the same period last year. The net profit margin was 13.50% and return on equity was -389.40% for MSI. The company reported revenue of $2.37 billion for the quarter, compared to $2.11 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.62 percent. For the current quarter, analysts expect MSI to generate $2.31B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/13/2023. Investors who held shares on 12/15/2022 were paid a $0.88 dividend. On an annualized basis, this represents a $3.16 dividend and a 1.19% percent yield. There was an ex-dividend date of 12/14/2022 for this dividend. In terms of dividend payout ratio, MSI is presently at 44.00%.
Motorola Solutions Inc.(MSI) Company Profile
Motorola Solutions, Inc. provides mission critical communications and analytics 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. Its land mobile radio communications and video security and access control devices include two-way portable and vehicle-mounted radios, fixed and mobile video cameras, and accessories; radio network core and central processing software, base stations, consoles, and repeaters; and video analytics, network video management hardware and software, and access control solutions. The Software and Services segment provides repair, technical support, and hardware maintenance services. This segment also offers monitoring, software updates, and cybersecurity services; and public safety and enterprise command center software, unified communications applications, and video software solutions through on-premise and as a service. It serves government, public safety, and commercial customers. The company was formerly known as Motorola, Inc. and changed its name to Motorola Solutions, Inc. in January 2011. Motorola Solutions, Inc. was founded in 1928 and is headquartered in Chicago, Illinois.