Connor Clark & Lunn Investment Management Ltd. Trims Position in Motorola Solutions, Inc. $MSI

Connor Clark & Lunn Investment Management Ltd. trimmed its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 77.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,450 shares of the communications equipment provider’s stock after selling 8,187 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Motorola Solutions were worth $1,030,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MSI. Signature Resources Capital Management LLC purchased a new position in shares of Motorola Solutions during the second quarter worth $25,000. Saudi Central Bank purchased a new position in shares of Motorola Solutions during the 1st quarter valued at about $29,000. Whipplewood Advisors LLC lifted its holdings in shares of Motorola Solutions by 289.5% in the 2nd quarter. Whipplewood Advisors LLC now owns 74 shares of the communications equipment provider’s stock valued at $31,000 after buying an additional 55 shares during the period. Rossby Financial LCC lifted its holdings in shares of Motorola Solutions by 148.6% in the 2nd quarter. Rossby Financial LCC now owns 87 shares of the communications equipment provider’s stock valued at $37,000 after buying an additional 52 shares during the period. Finally, Cape Investment Advisory Inc. boosted its stake in shares of Motorola Solutions by 3,300.0% in the first quarter. Cape Investment Advisory Inc. now owns 102 shares of the communications equipment provider’s stock worth $45,000 after buying an additional 99 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

Insider Transactions at Motorola Solutions

In related news, SVP James A. Niewiara sold 1,700 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $485.43, for a total value of $825,231.00. Following the completion of the transaction, the senior vice president directly owned 14,542 shares of the company’s stock, valued at approximately $7,059,123.06. This represents a 10.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory Q. Brown sold 50,000 shares of the firm’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $483.50, for a total value of $24,175,000.00. Following the completion of the transaction, the chief executive officer owned 46,936 shares in the company, valued at $22,693,556. The trade was a 51.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 148,128 shares of company stock valued at $70,431,641 over the last ninety days. Company insiders own 1.44% of the company’s stock.

Analyst Ratings Changes

MSI has been the subject of several recent research reports. Barclays reduced their price target on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Piper Sandler reaffirmed a “neutral” rating and set a $465.00 target price (down from $495.00) on shares of Motorola Solutions in a report on Friday, October 31st. UBS Group increased their price target on shares of Motorola Solutions from $490.00 to $510.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Weiss Ratings restated a “buy (b)” rating on shares of Motorola Solutions in a research report on Wednesday, October 8th. Finally, Evercore ISI upped their price objective on shares of Motorola Solutions from $500.00 to $525.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $506.43.

Motorola Solutions Stock Performance

MSI opened at $377.11 on Tuesday. The firm’s fifty day simple moving average is $441.77 and its two-hundred day simple moving average is $434.67. Motorola Solutions, Inc. has a 52-week low of $374.53 and a 52-week high of $503.62. The company has a market cap of $62.81 billion, a price-to-earnings ratio of 30.36, a PEG ratio of 3.46 and a beta of 0.96. The company has a quick ratio of 1.54, a current ratio of 1.73 and a debt-to-equity ratio of 3.86.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share for the quarter, topping the consensus estimate of $3.85 by $0.21. The firm had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.99 billion. Motorola Solutions had a net margin of 19.08% and a return on equity of 134.30%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.74 EPS. Equities analysts anticipate that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th were given a $0.0109 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date was Monday, September 15th. Motorola Solutions’s dividend payout ratio (DPR) is 34.99%.

Motorola Solutions Profile

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.