Hennion & Walsh Asset Management Inc. Sells 2,103 Shares of Motorola Solutions, Inc. $MSI

Hennion & Walsh Asset Management Inc. cut its stake in Motorola Solutions, Inc. (NYSE:MSI) by 23.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,743 shares of the communications equipment provider’s stock after selling 2,103 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Motorola Solutions were worth $2,585,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Revolve Wealth Partners LLC bought a new position in Motorola Solutions during the 4th quarter valued at $208,000. Sivia Capital Partners LLC bought a new stake in shares of Motorola Solutions in the 2nd quarter worth $210,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Motorola Solutions by 23.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,296 shares of the communications equipment provider’s stock worth $4,329,000 after acquiring an additional 1,947 shares in the last quarter. Lido Advisors LLC raised its holdings in shares of Motorola Solutions by 4.0% in the second quarter. Lido Advisors LLC now owns 13,737 shares of the communications equipment provider’s stock valued at $5,781,000 after purchasing an additional 532 shares during the last quarter. Finally, VestGen Advisors LLC lifted its position in shares of Motorola Solutions by 2.7% during the second quarter. VestGen Advisors LLC now owns 3,040 shares of the communications equipment provider’s stock valued at $1,292,000 after purchasing an additional 79 shares in the last quarter. Institutional investors own 84.17% of the company’s stock.

Insider Activity at Motorola Solutions

In other Motorola Solutions news, CEO Cynthia Yazdi sold 7,000 shares of the business’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $471.01, for a total value of $3,297,070.00. Following the sale, the chief executive officer directly owned 9,529 shares in the company, valued at $4,488,254.29. The trade was a 42.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Gregory Q. Brown sold 50,000 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $468.09, for a total value of $23,404,500.00. Following the transaction, the chief executive officer directly owned 47,167 shares in the company, valued at $22,078,401.03. This represents a 51.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 129,069 shares of company stock worth $60,779,964. Insiders own 1.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Morgan Stanley restated an “overweight” rating and set a $470.00 price target on shares of Motorola Solutions in a report on Thursday, February 12th. Argus upgraded shares of Motorola Solutions to a “strong-buy” rating in a research note on Friday, February 13th. Truist Financial began coverage on shares of Motorola Solutions in a research report on Tuesday. They set a “buy” rating and a $540.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on Motorola Solutions from $515.00 to $520.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Finally, Barclays upped their target price on Motorola Solutions from $495.00 to $506.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $502.50.

Motorola Solutions Stock Performance

NYSE MSI opened at $433.78 on Wednesday. Motorola Solutions, Inc. has a 52-week low of $359.36 and a 52-week high of $492.22. The company has a 50-day simple moving average of $444.62 and a 200 day simple moving average of $420.61. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.87 and a current ratio of 1.04. The company has a market capitalization of $71.86 billion, a PE ratio of 34.00, a price-to-earnings-growth ratio of 2.99 and a beta of 0.96.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Wednesday, February 11th. The communications equipment provider reported $4.59 EPS for the quarter, topping the consensus estimate of $4.35 by $0.24. Motorola Solutions had a net margin of 18.44% and a return on equity of 110.75%. The business had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.34 billion. During the same quarter in the previous year, the firm posted $4.04 earnings per share. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, research analysts predict that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Friday, March 20th will be paid a $1.21 dividend. The ex-dividend date is Friday, March 20th. This represents a $4.84 annualized dividend and a yield of 1.1%. Motorola Solutions’s dividend payout ratio is presently 37.93%.

Motorola Solutions Company 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.