Connor Clark & Lunn Investment Management Ltd. Has $2.46 Million Stake in Motorola Solutions, Inc. (NYSE:MSI)

Posted by Defense World Staff on May 29th, 2023

Connor Clark & Lunn Investment Management Ltd. lifted its position in Motorola Solutions, Inc. (NYSE:MSI – Get Rating) by 86.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,542 shares of the communications equipment provider’s stock after purchasing an additional 4,429 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Motorola Solutions were worth $2,459,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Legacy Advisors LLC grew its position in Motorola Solutions by 4.3% in the fourth quarter. Legacy Advisors LLC now owns 943 shares of the communications equipment provider’s stock valued at $244,000 after acquiring an additional 39 shares during the period. Spire Wealth Management grew its position in Motorola Solutions by 4.4% in the fourth quarter. Spire Wealth Management now owns 950 shares of the communications equipment provider’s stock valued at $245,000 after acquiring an additional 40 shares during the period. OLD National Bancorp IN grew its position in Motorola Solutions by 1.3% in the fourth quarter. OLD National Bancorp IN now owns 3,218 shares of the communications equipment provider’s stock valued at $830,000 after acquiring an additional 41 shares during the period. Integrated Advisors Network LLC grew its position in Motorola Solutions by 3.8% in the third quarter. Integrated Advisors Network LLC now owns 1,217 shares of the communications equipment provider’s stock valued at $273,000 after acquiring an additional 44 shares during the period. Finally, Moody National Bank Trust Division grew its position in Motorola Solutions by 2.9% in the fourth quarter. Moody National Bank Trust Division now owns 1,624 shares of the communications equipment provider’s stock valued at $419,000 after acquiring an additional 46 shares during the period. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Motorola Solutions

In other Motorola Solutions news, CEO Gregory Q. Brown sold 50,000 shares of the stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $291.13, for a total value of $14,556,500.00. Following the transaction, the chief executive officer now owns 91,843 shares of the company’s stock, valued at $26,738,252.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Motorola Solutions news, CEO Gregory Q. Brown sold 50,000 shares of the stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $291.13, for a total value of $14,556,500.00. Following the transaction, the chief executive officer now owns 91,843 shares of the company’s stock, valued at $26,738,252.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Katherine A. Maher sold 1,933 shares of the stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $289.01, for a total value of $558,656.33. Following the completion of the transaction, the chief accounting officer now directly owns 1,611 shares in the company, valued at approximately $465,595.11. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 112,167 shares of company stock valued at $32,403,063. 1.50% of the stock is currently owned by company insiders.

Motorola Solutions Trading Up 0.9 %

Shares of MSI opened at $284.57 on Monday. The company has a quick ratio of 0.94, a current ratio of 1.22 and a debt-to-equity ratio of 24.15. Motorola Solutions, Inc. has a 12-month low of $195.18 and a 12-month high of $299.43. The firm has a market capitalization of $47.72 billion, a PE ratio of 35.57, a price-to-earnings-growth ratio of 3.14 and a beta of 0.93. The stock’s fifty day simple moving average is $285.86 and its 200-day simple moving average is $270.30.

Motorola Solutions (NYSE:MSI – Get Rating) last issued its quarterly earnings results on Thursday, May 4th. The communications equipment provider reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.17. Motorola Solutions had a negative return on equity of 1,549.95% and a net margin of 14.63%. The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the prior year, the firm posted $1.53 earnings per share. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. As a group, research analysts predict that Motorola Solutions, Inc. will post 10.06 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Thursday, June 15th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Wednesday, June 14th. Motorola Solutions’s dividend payout ratio (DPR) is presently 44.00%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MSI. 1-800-FLOWERS.COM reiterated a “maintains” rating on shares of Motorola Solutions in a research report on Friday, May 5th. Jefferies Financial Group increased their target price on Motorola Solutions from $310.00 to $335.00 in a report on Friday, May 5th. Barclays increased their target price on Motorola Solutions from $303.00 to $329.00 in a report on Friday, May 5th. StockNews.com assumed coverage on Motorola Solutions in a report on Thursday, May 18th. They set a “buy” rating on the stock. Finally, TheStreet upgraded Motorola Solutions from a “c+” rating to a “b” rating in a report on Thursday, February 9th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Motorola Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $301.67.

Motorola Solutions Profile

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Motorola Solutions, Inc engages in the provision of communication infrastructure, devices, accessories, software, and services. It operates through the following 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 the implementation and integration of such systems, devices, and applications.