27,300 Shares in Motorola Solutions, Inc. (NYSE:MSI) Acquired by Scalar Gauge Management LLC

Scalar Gauge Management LLC purchased a new position in Motorola Solutions, Inc. (NYSE:MSI) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 27,300 shares of the communications equipment provider’s stock, valued at approximately $12,275,000. Motorola Solutions accounts for approximately 6.5% of Scalar Gauge Management LLC’s investment portfolio, making the stock its 5th biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James & Associates lifted its position in shares of Motorola Solutions by 3.7% in the second quarter. Raymond James & Associates now owns 2,319,631 shares of the communications equipment provider’s stock worth $895,494,000 after buying an additional 82,044 shares in the last quarter. Legal & General Group Plc raised its stake in Motorola Solutions by 7.7% during the second quarter. Legal & General Group Plc now owns 1,530,660 shares of the communications equipment provider’s stock valued at $590,911,000 after purchasing an additional 110,072 shares in the last quarter. Swedbank AB lifted its position in Motorola Solutions by 215.7% during the second quarter. Swedbank AB now owns 1,023,956 shares of the communications equipment provider’s stock valued at $395,298,000 after purchasing an additional 699,615 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Motorola Solutions by 0.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 993,689 shares of the communications equipment provider’s stock worth $383,614,000 after buying an additional 4,984 shares in the last quarter. Finally, International Assets Investment Management LLC increased its holdings in shares of Motorola Solutions by 59,189.5% in the 3rd quarter. International Assets Investment Management LLC now owns 967,604 shares of the communications equipment provider’s stock worth $435,064,000 after buying an additional 965,972 shares during the last quarter. Institutional investors own 84.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on MSI shares. Raymond James lifted their price target on Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Jefferies Financial Group boosted their target price on Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Bank of America raised their price target on Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Barclays boosted their price objective on shares of Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. raised their target price on shares of Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $506.29.

Motorola Solutions Stock Down 0.2 %

Shares of MSI opened at $499.82 on Friday. The firm has a market capitalization of $83.53 billion, a P/E ratio of 54.74, a P/E/G ratio of 3.97 and a beta of 0.97. Motorola Solutions, Inc. has a 12-month low of $307.09 and a 12-month high of $507.82. The firm has a fifty day moving average price of $471.53 and a 200-day moving average price of $424.21. The company has a current ratio of 1.25, a quick ratio of 1.07 and a debt-to-equity ratio of 4.23.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.36. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. Equities research analysts expect that Motorola Solutions, Inc. will post 12.48 earnings per share for the current year.

Motorola Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be issued a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 0.87%. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, December 13th. Motorola Solutions’s dividend payout ratio is presently 47.75%.

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.