Should You Hold Motorola Solutions (MSI) for the Long Term?

ClearBridge Investments, an investment management company, released its “ClearBridge Large Cap Value Strategy” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. The strategy outperformed its benchmark, the Russell 1000 Value Index, in the fourth quarter. On an absolute basis, the strategy gained from 10 of the 11 sectors in which it was invested for the quarter. The industrials and financials sectors were the leading contributors while the real estate sector detracted from performance. Overall stock selection and sector allocation contributed to the strategy’s performance on a relative basis. In addition, please check the fund’s top five holdings to know its best picks in 2022.

ClearBridge Large Cap Value Strategy highlighted stocks like Motorola Solutions, Inc. (NYSE:MSI) in the Q4 2022 investor letter. Headquartered in Chicago, Illinois, Motorola Solutions, Inc. (NYSE:MSI) is a mission-critical communication and analytics provider. On February 22, 2023, Motorola Solutions, Inc. (NYSE:MSI) stock closed at $264.11 per share. One-month return of Motorola Solutions, Inc. (NYSE:MSI) was 2.67%, and its shares gained 21.54% of their value over the last 52 weeks. Motorola Solutions, Inc. (NYSE:MSI) has a market capitalization of $44.172 billion.

ClearBridge Large Cap Value Strategy made the following comment about Motorola Solutions, Inc. (NYSE:MSI) in its Q4 2022 investor letter:

“Motorola Solutions, Inc. (NYSE:MSI), a long-term holding that provides mission critical communications products and services to public safety and commercial customers, continues to execute at a high level and should see further upside from stimulus money directed toward public safety investments as well as increasing penetration of its software and services offerings.”

Angelo Giampiccolo/Shutterstock.com

Motorola Solutions, Inc. (NYSE:MSI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 38 hedge fund portfolios held Motorola Solutions, Inc. (NYSE:MSI) at the end of the fourth quarter which was 33 in the previous quarter.

We discussed Motorola Solutions, Inc. (NYSE:MSI) in another article and shared Wedgewood Partners’ views on the company. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.

Suggested Articles:

• 10 High Growth Low Debt Stocks to Buy
• 12 High Growth Value Stocks to Buy
• 11 Most Undervalued Pot Stocks to Buy

Disclosure: None. This article is originally published at Insider Monkey.