Connor Clark & Lunn Investment Management Ltd. Buys 6,332 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Key Points

• Connor Clark & Lunn Investment Management Ltd. increased its holdings in Motorola Solutions, Inc. by 147.1% during the 1st quarter, owning 10,637 shares worth approximately $4.66 million.
• Motorola Solutions reported a Q2 EPS of $3.57, exceeding analysts' estimates by $0.21, with revenue reaching $2.77 billion, up 5.2% year-over-year.
• The company has a current dividend yield of 0.9% with an annual payout of $4.36 per share, and its dividend payout ratio is 35.10%.

Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 147.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,637 shares of the communications equipment provider's stock after buying an additional 6,332 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in Motorola Solutions were worth $4,657,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Kingswood Wealth Advisors LLC boosted its position in Motorola Solutions by 3.2% in the first quarter. Kingswood Wealth Advisors LLC now owns 935 shares of the communications equipment provider's stock worth $409,000 after purchasing an additional 29 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in Motorola Solutions by 228.9% in the first quarter. Oppenheimer & Co. Inc. now owns 8,367 shares of the communications equipment provider's stock worth $3,663,000 after purchasing an additional 5,823 shares during the last quarter. Sowell Financial Services LLC purchased a new position in Motorola Solutions in the first quarter worth $874,000. Farther Finance Advisors LLC raised its stake in shares of Motorola Solutions by 35.1% in the first quarter. Farther Finance Advisors LLC now owns 1,344 shares of the communications equipment provider's stock valued at $586,000 after buying an additional 349 shares during the period. Finally, Breed s Hill Capital LLC bought a new stake in shares of Motorola Solutions in the fourth quarter valued at $327,000. Hedge funds and other institutional investors own 84.17% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on MSI shares. William Blair reiterated an "outperform" rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Wall Street Zen lowered Motorola Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Barclays decreased their target price on Motorola Solutions from $511.00 to $509.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. Wolfe Research assumed coverage on Motorola Solutions in a research report on Monday, July 7th. They set a "peer perform" rating on the stock. Finally, UBS Group increased their target price on Motorola Solutions from $490.00 to $510.00 and gave the company a "buy" rating in a report on Friday, August 8th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Motorola Solutions has an average rating of "Moderate Buy" and an average target price of $512.67.

Insiders Place Their Bets

In related news, CAO Katherine A. Maher sold 1,073 shares of the company's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $418.68, for a total value of $449,243.64. Following the sale, the chief accounting officer directly owned 804 shares of the company's stock, valued at $336,618.72. This represents a 57.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.44% of the stock is currently owned by insiders.

Motorola Solutions Trading Down 0.3%

NYSE MSI traded down $1.20 on Friday, hitting $460.41. The company's stock had a trading volume of 1,274,699 shares, compared to its average volume of 999,855. Motorola Solutions, Inc. has a 52-week low of $388.90 and a 52-week high of $507.82. The company has a current ratio of 1.73, a quick ratio of 1.54 and a debt-to-equity ratio of 3.86. The company's 50-day simple moving average is $425.87 and its 200 day simple moving average is $427.68. The firm has a market cap of $76.70 billion, a P/E ratio of 37.07, a PEG ratio of 3.75 and a beta of 0.97.

Motorola Solutions (NYSE:MSI - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The communications equipment provider reported $3.57 earnings per share for the quarter, topping the consensus estimate of $3.36 by $0.21. Motorola Solutions had a return on equity of 134.30% and a net margin of 19.08%. The business had revenue of $2.77 billion during the quarter, compared to analysts' expectations of $2.74 billion. During the same quarter last year, the business posted $3.24 EPS. The business's revenue was up 5.2% on a year-over-year basis. Research analysts predict that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Company 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.