Valmark Advisers Inc. Cuts Holdings in Motorola Solutions, Inc. $MSI

Valmark Advisers Inc. cut its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 68.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,205 shares of the communications equipment provider’s stock after selling 2,591 shares during the quarter. Valmark Advisers Inc.’s holdings in Motorola Solutions were worth $551,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of MSI. Norges Bank acquired a new stake in Motorola Solutions during the 2nd quarter worth approximately $872,307,000. Marshall Wace LLP purchased a new stake in Motorola Solutions during the second quarter worth approximately $230,743,000. Voya Investment Management LLC increased its position in shares of Motorola Solutions by 116.5% in the third quarter. Voya Investment Management LLC now owns 841,463 shares of the communications equipment provider’s stock worth $384,793,000 after acquiring an additional 452,822 shares in the last quarter. Qube Research & Technologies Ltd raised its stake in shares of Motorola Solutions by 54.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,195,796 shares of the communications equipment provider’s stock valued at $502,784,000 after acquiring an additional 422,039 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Motorola Solutions by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 21,885,593 shares of the communications equipment provider’s stock valued at $9,202,016,000 after acquiring an additional 384,479 shares in the last quarter. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Motorola Solutions Stock Performance

NYSE:MSI opened at $383.31 on Monday. The firm has a 50-day moving average of $377.28 and a two-hundred day moving average of $423.46. 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 stock has a market cap of $63.84 billion, a P/E ratio of 30.76, a PEG ratio of 2.86 and a beta of 1.00. Motorola Solutions, Inc. has a 1-year low of $359.36 and a 1-year high of $492.22.

Motorola Solutions (NYSE:MSI) last released its quarterly 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. The business had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Motorola Solutions had a return on equity of 118.48% and a net margin of 18.71%.The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.74 earnings per share. On average, research analysts expect that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be given a dividend of $1.21 per share. The ex-dividend date of this dividend is Monday, December 15th. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.01. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.3%. Motorola Solutions’s dividend payout ratio is 38.84%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on MSI shares. Barclays lowered their price target on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Piper Sandler raised Motorola Solutions from a “neutral” rating to an “overweight” rating and decreased their target price for the stock from $465.00 to $443.00 in a research report on Monday, January 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Motorola Solutions in a research note on Monday, December 29th. Finally, Northcoast Research raised Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price target on the stock in a research report on Monday, December 1st. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $491.86.

About Motorola Solutions

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.