Connor Clark & Lunn Investment Management Ltd. Sells 871 Shares of Motorola Solutions, Inc. (NYSE:MSI)

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

Other hedge funds also recently modified their holdings of the company. Synergy Asset Management LLC bought a new stake in shares of Motorola Solutions in the 4th quarter valued at $25,000. Crews Bank & Trust bought a new stake in Motorola Solutions during the 4th quarter valued at $26,000. First Command Advisory Services Inc. bought a new stake in Motorola Solutions during the 4th quarter valued at $29,000. FSA Wealth Management LLC bought a new stake in Motorola Solutions during the 3rd quarter valued at $29,000. Finally, SBI Securities Co. Ltd. bought a new stake in Motorola Solutions during the 4th quarter valued at $30,000. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Performance

NYSE MSI opened at $421.66 on Wednesday. The company has a fifty day moving average price of $448.66 and a 200-day moving average price of $460.15. 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 firm has a market cap of $70.39 billion, a price-to-earnings ratio of 45.73, a PEG ratio of 3.82 and a beta of 1.03. Motorola Solutions, Inc. has a 1 year low of $332.98 and a 1 year high of $507.82.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, February 13th. The communications equipment provider reported $3.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.10). Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. The company had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $3 billion. As a group, equities research analysts predict that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have commented on MSI. StockNews.com upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Barclays decreased their price target on shares of Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Morgan Stanley upped their target price on shares of Motorola Solutions from $495.00 to $505.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Motorola Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $505.88.

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.