Hennion & Walsh Asset Management Inc. Decreases Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Hennion & Walsh Asset Management Inc. trimmed its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 4.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,676 shares of the communications equipment provider’s stock after selling 753 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Motorola Solutions were worth $6,599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. MFA Wealth Advisors LLC purchased a new position in Motorola Solutions in the second quarter worth about $25,000. Beacon Capital Management LLC boosted its holdings in shares of Motorola Solutions by 71.8% in the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after buying an additional 28 shares during the last quarter. LRI Investments LLC boosted its holdings in shares of Motorola Solutions by 871.4% in the second quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock worth $26,000 after buying an additional 61 shares during the last quarter. Crewe Advisors LLC bought a new stake in Motorola Solutions during the first quarter valued at approximately $28,000. Finally, Triad Wealth Partners LLC purchased a new stake in Motorola Solutions during the second quarter valued at approximately $29,000. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MSI shares. Jefferies Financial Group lifted their price target on shares of Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Bank of America upped their price target on Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research report on Wednesday. Evercore ISI lifted their price objective on Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $479.50.

Motorola Solutions Trading Down 0.7 %

Shares of MSI opened at $467.08 on Thursday. The firm has a market cap of $77.91 billion, a P/E ratio of 57.74, a price-to-earnings-growth ratio of 4.07 and a beta of 0.97. The company has a debt-to-equity ratio of 7.03, a current ratio of 1.20 and a quick ratio of 1.03. Motorola Solutions, Inc. has a 1 year low of $271.73 and a 1 year high of $480.28. The company has a 50 day simple moving average of $446.40 and a two-hundred day simple moving average of $399.51.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 EPS for the quarter, topping the consensus estimate of $3.01 by $0.23. The business had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.59 billion. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.41 EPS. On average, equities analysts expect that Motorola Solutions, Inc. will post 12.22 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 13th were paid a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Friday, September 13th. Motorola Solutions’s payout ratio is 48.45%.

Insider Buying and Selling at Motorola Solutions

In other news, COO John P. Molloy sold 23,985 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $407.50, for a total value of $9,773,887.50. Following the sale, the chief operating officer now directly owns 46,821 shares in the company, valued at $19,079,557.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.50% of the stock is owned by company insiders.

About Motorola Solutions

Motorola Solutions, Inc provides public safety and enterprise security solutions 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.