Connor Clark & Lunn Investment Management Ltd. significantly increased its stake in Motorola Solutions, Inc. (NYSE: MSI) by 147.1% during the first quarter, according to its most recent filing with the SEC. The fund acquired an additional 6,332 shares, bringing its total holdings to 10,637 shares. As of the latest report, the value of these holdings stands at $4.66 million.
Several other institutional investors also adjusted their positions in Motorola Solutions recently. Revolve Wealth Partners LLC purchased new shares worth $208,000 in the fourth quarter. Rockefeller Capital Management L.P. boosted its holdings by 56.6%, now owning 21,489 shares valued at approximately $9.93 million after buying an additional 7,765 shares. Similarly, Townsquare Capital LLC increased its stake by 15.1%, acquiring 713 more shares to bring its total holdings to 5,437 shares worth $2.51 million. Other investors, including Advisors Capital Management LLC and Savvy Advisors Inc., also made incremental investments in the company.
Currently, 84.17% of Motorola Solutions' stock is held by institutional investors and hedge funds.
On Wednesday, shares of Motorola Solutions opened at $471.96, showing a 12-month price range between $388.90 and $507.82. The company boasts a market cap of $78.63 billion, a P/E ratio of 38.00, and a P/E/G ratio of 3.74, reflecting strong growth potential. The company's debt-to-equity ratio stands at 3.86, and its current ratio is 1.73, highlighting its liquidity position.
Motorola Solutions recently reported its quarterly earnings on August 7th, surpassing analyst expectations. The company posted $3.57 earnings per share (EPS), exceeding the consensus estimate of $3.36 by $0.21. Revenue for the quarter was $2.77 billion, slightly higher than the expected $2.74 billion, marking a 5.2% year-over-year increase. The company's net margin was 19.08%, and it achieved an impressive return on equity of 134.3%.
In addition to the solid earnings report, Motorola Solutions also declared a quarterly dividend of $1.09 per share, which was paid on July 15th to shareholders of record as of June 13th. The annualized dividend totals $4.36, yielding 0.9%, with a payout ratio of 35.10%.
Analyst ratings for Motorola Solutions have remained favorable, with nine analysts giving it a "buy" rating and three issuing a "hold" recommendation. Notably, UBS Group raised its price target from $490.00 to $510.00, while JPMorgan Chase & Co. lowered its price target from $570.00 to $515.00.
In insider news, Katherine A. Maher, Chief Accounting Officer at Motorola Solutions, sold 1,073 shares of the company's stock on May 29th at an average price of $418.68, resulting in a total transaction value of $449,243.64. Following the sale, Maher now holds 804 shares valued at approximately $336,618.72.
Motorola Solutions, based in the United States, provides cutting-edge solutions for public safety and enterprise security across the globe, including markets in the U.K., Canada, and other international regions. The company's portfolio includes communications infrastructure, devices, accessories, and video security systems, serving government, public safety, and commercial clients who rely on private communication networks and video security solutions.