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Kenneth Denman, a director at Motorola Solutions, Inc. (NYSE:MSI), a prominent player in the Communications Equipment industry with a market capitalization of $70.25 billion, recently sold shares of the company, according to a filing with the Securities and Exchange Commission. According to InvestingPro analysis, the company maintains a "GOOD" overall financial health score. On February 19, Denman sold 1,250 shares of Motorola Solutions’ common stock at a price of $429.59 per share, totaling approximately $536,987. Following this transaction, Denman holds 6,936.37 shares, which include deferred stock units received through dividend equivalent rights. The company has maintained and raised its dividend for 14 consecutive years, with analysts maintaining a bullish outlook on the stock. InvestingPro subscribers have access to 12 additional key insights about MSI’s valuation and growth prospects.
In other recent news, Motorola Solutions reported fourth-quarter earnings and revenue that exceeded analyst expectations. The company posted adjusted earnings per share of $4.04, surpassing the consensus forecast of $3.88. Revenue increased by 6% year-over-year to $3.01 billion, slightly above the expected $2.99 billion. For the full year 2024, Motorola Solutions achieved record sales of $10.82 billion, an 8% increase from 2023. The company’s Products and Systems Integration segment grew by 10%, while Software (ETR:SOWGn) and Services increased by 5%. Looking ahead, Motorola Solutions provided optimistic guidance for 2025, with projected first-quarter EPS between $2.98 and $3.03, above the analyst consensus of $2.94. For the full year 2025, the company forecasts EPS of $14.64 to $14.74, compared to Wall Street’s estimate of $14.71. Motorola Solutions ended 2024 with a record backlog of $14.7 billion, driven by strong demand across its portfolio. Additionally, the company’s board approved a quarterly dividend of $0.98 per share, payable on April 15, 2025, to shareholders of record as of March 15, 2025.
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