Sumitomo Mitsui Trust Group Inc. Grows Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 4.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 426,660 shares of the industrial products company’s stock after buying an additional 18,922 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.83% of Zebra Technologies worth $158,001,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ZBRA. Concord Wealth Partners purchased a new stake in Zebra Technologies in the 3rd quarter valued at $30,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Zebra Technologies in the second quarter valued at about $27,000. Farmers & Merchants Investments Inc. boosted its stake in shares of Zebra Technologies by 185.3% during the second quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock worth $30,000 after buying an additional 63 shares during the period. Transcendent Capital Group LLC purchased a new position in shares of Zebra Technologies during the second quarter worth about $32,000. Finally, Blue Trust Inc. increased its position in Zebra Technologies by 136.7% in the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 67 shares during the period. 91.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Morgan Stanley increased their price objective on Zebra Technologies from $290.00 to $305.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 30th. Truist Financial reaffirmed a “hold” rating and set a $383.00 price target (up from $379.00) on shares of Zebra Technologies in a report on Wednesday, October 30th. Barclays lifted their price objective on Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. UBS Group lifted their price target on Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, TD Cowen increased their price objective on Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Zebra Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $385.18.

Insider Transactions at Zebra Technologies

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $341.69, for a total transaction of $341,690.00. Following the sale, the insider now owns 9,694 shares in the company, valued at approximately $3,312,342.86. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Nathan Andrew Winters sold 1,837 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $381.73, for a total transaction of $701,238.01. Following the transaction, the chief financial officer now directly owns 11,421 shares in the company, valued at $4,359,738.33. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jeffrey F. Schmitz sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $341.69, for a total transaction of $341,690.00. Following the completion of the sale, the insider now directly owns 9,694 shares in the company, valued at $3,312,342.86. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.04% of the company’s stock.

Zebra Technologies Price Performance

Shares of NASDAQ:ZBRA opened at $402.69 on Wednesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. The business’s fifty day moving average price is $364.88 and its two-hundred day moving average price is $336.26. The stock has a market cap of $20.77 billion, a PE ratio of 54.79 and a beta of 1.64. Zebra Technologies Co. has a one year low of $202.01 and a one year high of $405.62.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $2.92 by $0.57. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the company earned $0.57 earnings per share. The business’s revenue for the quarter was up 31.3% compared to the same quarter last year. On average, analysts forecast that Zebra Technologies Co. will post 12.4 EPS for the current fiscal year.

Zebra Technologies Company Profile

Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking, and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, vehicle mounts, and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.