Connor Clark & Lunn Investment Management Ltd. Cuts Position in Motorola Solutions, Inc. (NYSE:MSI)

Connor Clark & Lunn Investment Management Ltd. reduced its position in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 16.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,305 shares of the communications equipment provider's stock after selling 871 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in Motorola Solutions were worth $1,990,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Tradition Wealth Management LLC grew its position in shares of Motorola Solutions by 3.3% during the 3rd quarter. Tradition Wealth Management LLC now owns 654 shares of the communications equipment provider's stock valued at $294,000 after purchasing an additional 21 shares in the last quarter. Center for Financial Planning Inc. grew its position in shares of Motorola Solutions by 0.5% during the 4th quarter. Center for Financial Planning Inc. now owns 5,055 shares of the communications equipment provider's stock valued at $2,337,000 after purchasing an additional 25 shares in the last quarter. Harvest Fund Management Co. Ltd grew its position in shares of Motorola Solutions by 0.9% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 2,989 shares of the communications equipment provider's stock valued at $1,343,000 after purchasing an additional 26 shares in the last quarter. Hancock Whitney Corp lifted its holdings in shares of Motorola Solutions by 0.4% during the 3rd quarter. Hancock Whitney Corp now owns 5,812 shares of the communications equipment provider's stock worth $2,613,000 after acquiring an additional 26 shares during the last quarter. Finally, Wesbanco Bank Inc. lifted its holdings in shares of Motorola Solutions by 2.1% during the 4th quarter. Wesbanco Bank Inc. now owns 1,289 shares of the communications equipment provider's stock worth $596,000 after acquiring an additional 26 shares during the last quarter. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Motorola Solutions from $440.00 to $530.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Barclays dropped their price objective on shares of Motorola Solutions from $529.00 to $527.00 and set an "overweight" rating for the company in a report on Friday, February 14th. Morgan Stanley lifted their price objective on shares of Motorola Solutions from $495.00 to $505.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. Finally, StockNews.com raised shares of Motorola Solutions from a "hold" rating to a "buy" rating in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $505.88.

Motorola Solutions Trading Up 0.3 %

Motorola Solutions stock traded up $1.11 during mid-day trading on Friday, hitting $423.39. The company's stock had a trading volume of 1,140,543 shares, compared to its average volume of 691,445. The company has a debt-to-equity ratio of 3.30, a current ratio of 1.28 and a quick ratio of 1.13. The stock has a market cap of $70.68 billion, a price-to-earnings ratio of 45.92, a price-to-earnings-growth ratio of 3.82 and a beta of 1.03. The business has a 50 day moving average price of $446.45 and a 200-day moving average price of $459.51. Motorola Solutions, Inc. has a 12 month low of $332.98 and a 12 month high of $507.82.

Motorola Solutions (NYSE:MSI - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The communications equipment provider reported $3.75 earnings per share for the quarter, missing the consensus estimate of $3.85 by ($0.10). Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. The business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3 billion. As a group, analysts forecast that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Friday, March 14th. Motorola Solutions's dividend payout ratio is currently 47.29%.

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.