Scalar Gauge Management LLC Invests $12.28 Million in Motorola Solutions, Inc. (NYSE:MSI)

Scalar Gauge Management LLC acquired a new stake in shares of Motorola Solutions, Inc. (NYSE:MSI) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 27,300 shares of the communications equipment provider’s stock, valued at approximately $12,275,000. Motorola Solutions makes up about 6.5% of Scalar Gauge Management LLC’s holdings, making the stock its 5th largest holding.

Other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC increased its stake in 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 purchasing an additional 965,972 shares during the period. Swedbank AB boosted its holdings in Motorola Solutions by 215.7% in the second quarter. Swedbank AB now owns 1,023,956 shares of the communications equipment provider’s stock valued at $395,298,000 after acquiring an additional 699,615 shares in the last quarter. Wulff Hansen & CO. increased its position in shares of Motorola Solutions by 38,505.0% during the second quarter. Wulff Hansen & CO. now owns 696,434 shares of the communications equipment provider’s stock valued at $268,858,000 after buying an additional 694,630 shares during the period. Mizuho Securities USA LLC lifted its stake in shares of Motorola Solutions by 4,447.9% in the 3rd quarter. Mizuho Securities USA LLC now owns 584,901 shares of the communications equipment provider’s stock valued at $262,989,000 after purchasing an additional 572,040 shares during the period. Finally, National Bank of Canada FI boosted its position in shares of Motorola Solutions by 428.2% during the second quarter. National Bank of Canada FI now owns 501,601 shares of the communications equipment provider’s stock valued at $193,798,000 after purchasing an additional 406,638 shares in the last quarter. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Down 0.2 %

NYSE MSI opened at $499.82 on Friday. Motorola Solutions, Inc. has a 52 week low of $307.09 and a 52 week high of $507.82. The company has a quick ratio of 1.07, a current ratio of 1.25 and a debt-to-equity ratio of 4.23. The company has a market capitalization of $83.53 billion, a P/E ratio of 54.74, a price-to-earnings-growth ratio of 3.97 and a beta of 0.97. The stock’s 50-day moving average price is $471.53 and its 200-day moving average price is $424.21.

Motorola Solutions (NYSE:MSI) last released 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 company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. On average, equities research analysts predict that Motorola Solutions, Inc. will post 12.48 earnings per share for the current year.

Motorola Solutions Increases Dividend

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

Analysts Set New Price Targets

MSI has been the subject of a number of recent research reports. Jefferies Financial Group lifted their price target on shares of 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 boosted their price objective on shares of Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Evercore ISI upped their target price on shares of Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Raymond James boosted their target price on shares of Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, Barclays raised their price target on Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Nine analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $506.29.

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.