CHICAGO—Judy C. Lewent, a director at Motorola Solutions, Inc. (NYSE:{{276|MSMSI), has sold a significant portion of her shares in the company. According to a recent filing with the Securities and Exchange Commission, Lewent sold a total of 6,642 shares over two days, amounting to approximately $3.29 million.
The sales occurred on November 12 and 13, with prices ranging from $495.04 to $497.59 per share. Following these transactions, Lewent retains ownership of 33,392.12 shares of Motorola Solutions common stock.
These sales reflect routine portfolio adjustments by Lewent, who maintains a position as a director at the Chicago-based communications equipment company.
In other recent news, Motorola Solutions has reported a record-breaking third quarter for 2024, with a 9% increase in revenue and a 17% rise in earnings per share (EPS) to $3.29 GAAP and $3.74 non-GAAP. The company's robust performance was mainly driven by an 11% growth in Products and Systems Integration and a 7% rise in Software (ETR:SOWGn) and Services. Operating cash flow exceeded $750 million, marking a 6% year-over-year increase. Despite a slight decrease in the ending backlog and a revenue dip from the U.K. Home Office, the company remains optimistic about future growth.
Recent developments include Motorola Solutions raising its full-year revenue growth estimate to 8.25%, with non-GAAP EPS projected between $13.63 and $13.68. The company anticipates a revenue growth of 5% to 6% in 2025, with Software and Services growing at double the rate of Products and SI. In addition, Motorola Solutions reported record Q3 orders, particularly in Land Mobile Radio (LMR), and significant multiyear agreements and upgrades, including an $88 million order in North Africa and a $30 million command center order for Utah.
Analysts from various firms have noted the company's strong financial position, with the net debt to EBITDA ratio maintained at 1.4. They also highlighted the company's strategy to grow its subscription sales, particularly in SaaS and cloud solutions, and the acquisition of 3tc, which has strengthened Motorola Solutions' control room software offerings.
InvestingPro Insights
As Judy C. Lewent adjusts her portfolio with the recent sale of Motorola Solutions shares, it's worth noting that the company's stock has been performing exceptionally well. According to InvestingPro data, Motorola Solutions has seen a remarkable 60.78% price total return over the past year, and an even more impressive 59.87% return year-to-date. This strong performance aligns with the company's solid financial fundamentals.
InvestingPro Tips highlight that Motorola Solutions has raised its dividend for 13 consecutive years, demonstrating a commitment to shareholder returns. This is particularly noteworthy given that the company operates with a moderate level of debt, suggesting prudent financial management.
The stock's current trading price of $496.7 is near its 52-week high, with the price at 97.41% of that peak. This strength is further underscored by the company's robust revenue growth of 8.33% over the last twelve months, reaching $10.65 billion.
However, investors should be aware that the stock is trading at a high earnings multiple, with a P/E ratio of 52.73. This valuation suggests that the market has high expectations for Motorola Solutions' future growth and performance.
For those interested in a deeper dive into Motorola Solutions' financials and market position, InvestingPro offers 20 additional tips, providing a comprehensive view of the company's prospects and potential risks.
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