Hennion & Walsh Asset Management Inc. Has $4.05 Million Stock Position in Motorola Solutions, Inc. $MSI

Hennion & Walsh Asset Management Inc. lessened its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 13.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,846 shares of the communications equipment provider’s stock after selling 1,412 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Motorola Solutions were worth $4,045,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Valeo Financial Advisors LLC boosted its holdings in Motorola Solutions by 2.3% in the 2nd quarter. Valeo Financial Advisors LLC now owns 944 shares of the communications equipment provider’s stock valued at $397,000 after purchasing an additional 21 shares during the period. Advisors Capital Management LLC boosted its stake in shares of Motorola Solutions by 1.0% in the second quarter. Advisors Capital Management LLC now owns 2,452 shares of the communications equipment provider’s stock valued at $1,031,000 after buying an additional 24 shares during the period. Kingsview Wealth Management LLC grew its position in Motorola Solutions by 0.3% during the second quarter. Kingsview Wealth Management LLC now owns 9,115 shares of the communications equipment provider’s stock worth $3,833,000 after buying an additional 24 shares in the last quarter. Rexford Capital Inc. increased its stake in Motorola Solutions by 0.6% during the 3rd quarter. Rexford Capital Inc. now owns 3,893 shares of the communications equipment provider’s stock worth $1,780,000 after acquiring an additional 24 shares during the period. Finally, IFC Advisors LLC raised its holdings in Motorola Solutions by 0.6% in the 2nd quarter. IFC Advisors LLC now owns 4,043 shares of the communications equipment provider’s stock valued at $1,700,000 after acquiring an additional 25 shares in the last quarter. 84.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Northcoast Research raised Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 target price on the stock in a report on Monday, December 1st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Motorola Solutions in a research note on Monday, December 29th. Barclays dropped their target price on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Finally, Piper Sandler upgraded shares of Motorola Solutions from a “neutral” rating to an “overweight” rating and reduced their price target for the stock from $465.00 to $443.00 in a research report on Monday. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Motorola Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $491.86.

Motorola Solutions Stock Performance

Motorola Solutions stock opened at $380.93 on Wednesday. The business has a 50 day moving average of $379.81 and a 200-day moving average of $424.21. Motorola Solutions, Inc. has a 1 year low of $359.36 and a 1 year high of $492.22. The company has a debt-to-equity ratio of 3.59, a current ratio of 1.03 and a quick ratio of 0.86. The company has a market capitalization of $63.44 billion, a P/E ratio of 30.57, a P/E/G ratio of 2.86 and a beta of 1.00.

Motorola Solutions (NYSE:MSI) last posted its earnings results on Friday, October 31st. The communications equipment provider reported $4.06 EPS for the quarter, topping the consensus estimate of $3.85 by $0.21. Motorola Solutions had a net margin of 18.71% and a return on equity of 118.48%. The business had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same period last year, the company earned $3.74 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. On average, equities research analysts predict that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 15th will be issued a $1.21 dividend. The ex-dividend date is Monday, December 15th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.01. This represents a $4.84 dividend on an annualized basis and a yield of 1.3%. Motorola Solutions’s dividend payout ratio (DPR) is currently 38.84%.

Motorola Solutions Profile

Motorola Solutions, Inc is a provider of mission-critical communications and analytics solutions for public safety and commercial customers. The company designs, manufactures and supports a range of communications equipment and software aimed at enabling first responders, government agencies and enterprises to coordinate and operate reliably in high-pressure environments. Its offerings emphasize secure, resilient connectivity and situational awareness for organizations that require dependable voice, data and video communications.

Product lines include land mobile radio (LMR) systems and handheld and vehicle-mounted radios used by police, fire and emergency medical services; broadband push-to-talk and LTE-based solutions; command-and-control center software for incident management and records; and video security and analytics systems.