Carnegie Investment Counsel Purchases 1,701 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Carnegie Investment Counsel boosted its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 3.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,577 shares of the industrial products company’s stock after purchasing an additional 1,701 shares during the quarter. Carnegie Investment Counsel’s holdings in Zebra Technologies were worth $16,878,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cascade Investment Advisors Inc. raised its stake in shares of Zebra Technologies by 0.7% during the third quarter. Cascade Investment Advisors Inc. now owns 4,387 shares of the industrial products company’s stock worth $1,625,000 after buying an additional 30 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Zebra Technologies by 38.8% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock worth $36,000 after buying an additional 33 shares during the period. Fifth Third Bancorp grew its holdings in Zebra Technologies by 1.2% in the 2nd quarter. Fifth Third Bancorp now owns 3,038 shares of the industrial products company’s stock valued at $939,000 after buying an additional 36 shares in the last quarter. Signaturefd LLC grew its position in shares of Zebra Technologies by 8.0% during the 2nd quarter. Signaturefd LLC now owns 512 shares of the industrial products company’s stock worth $158,000 after purchasing an additional 38 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its position in shares of Zebra Technologies by 15.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 292 shares of the industrial products company’s stock worth $90,000 after purchasing an additional 38 shares during the period. 91.03% of the stock is currently owned by institutional investors.

Zebra Technologies Stock Up 1.6 %

Shares of NASDAQ ZBRA opened at $375.02 on Friday. The company has a 50 day simple moving average of $346.94 and a 200-day simple moving average of $322.52. Zebra Technologies Co. has a 1 year low of $194.59 and a 1 year high of $376.59. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.28 and a quick ratio of 0.84. The company has a market capitalization of $19.34 billion, a P/E ratio of 84.65 and a beta of 1.66.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.18 EPS for the quarter, beating analysts’ consensus estimates of $2.48 by $0.70. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the prior year, the firm posted $3.24 EPS. The company’s quarterly revenue was up .2% compared to the same quarter last year. On average, equities research analysts predict that Zebra Technologies Co. will post 11.09 earnings per share for the current year.

Analyst Ratings Changes

ZBRA has been the topic of several recent research reports. Needham & Company LLC lifted their target price on shares of Zebra Technologies from $370.00 to $394.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Truist Financial increased their target price on Zebra Technologies from $345.00 to $379.00 and gave the stock a “hold” rating in a research report on Wednesday. TD Cowen upped their target price on shares of Zebra Technologies from $375.00 to $380.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Robert W. Baird raised their price target on shares of Zebra Technologies from $355.00 to $375.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, Stephens increased their price target on shares of Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $352.73.

Insider Transactions at Zebra Technologies

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $341.69, for a total value of $341,690.00. Following the completion of the transaction, the insider now directly owns 9,694 shares in the company, valued at approximately $3,312,342.86. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.06% of the company’s stock.

About Zebra Technologies

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.