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

Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 4.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 426,660 shares of the industrial products company's stock after acquiring an additional 18,922 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.83% of Zebra Technologies worth $158,001,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in ZBRA. WCM Investment Management LLC boosted its holdings in Zebra Technologies by 0.3% during the third quarter. WCM Investment Management LLC now owns 9,501 shares of the industrial products company's stock valued at $3,502,000 after purchasing an additional 27 shares in the last quarter. Cascade Investment Advisors Inc. lifted its position in Zebra Technologies by 0.7% during the 3rd quarter. Cascade Investment Advisors Inc. now owns 4,387 shares of the industrial products company's stock valued at $1,625,000 after purchasing an additional 30 shares during the period. Private Advisor Group LLC grew its holdings in Zebra Technologies by 1.4% during the 3rd quarter. Private Advisor Group LLC now owns 2,218 shares of the industrial products company's stock worth $821,000 after acquiring an additional 31 shares during the period. Massmutual Trust Co. FSB ADV increased its holdings in Zebra Technologies by 38.8% in the second quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company's stock valued at $36,000 after purchasing an additional 33 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC raised its position in shares of Zebra Technologies by 3.1% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,163 shares of the industrial products company's stock valued at $431,000 after acquiring an additional 35 shares during the period. 91.03% of the stock is currently owned by institutional investors.

Zebra Technologies Trading Down 0.6 %

ZBRA traded down $2.46 on Wednesday, hitting $400.23. 348,118 shares of the company were exchanged, compared to its average volume of 362,549. 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 firm has a fifty day simple moving average of $366.32 and a two-hundred day simple moving average of $337.00. The stock has a market capitalization of $20.64 billion, a PE ratio of 54.45 and a beta of 1.64. Zebra Technologies Co. has a 12 month low of $208.50 and a 12 month high of $405.62.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.57. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.22 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. Zebra Technologies's quarterly revenue was up 31.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.57 EPS. Sell-side analysts expect that Zebra Technologies Co. will post 12.4 earnings per share for the current year.

Insider Activity at Zebra Technologies

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the sale, the chief financial officer now owns 11,421 shares in the company, valued at approximately $4,359,738.33. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the company's stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the sale, the chief financial officer now owns 11,421 shares in the company, valued at $4,359,738.33. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey F. Schmitz sold 1,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were 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 $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. 1.06% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ZBRA shares. UBS Group upped their price objective on Zebra Technologies from $390.00 to $445.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Robert W. Baird lifted their target price on Zebra Technologies from $380.00 to $415.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Redburn Atlantic upgraded shares of Zebra Technologies to a "strong-buy" rating in a research report on Wednesday, July 31st. Barclays boosted their target price on shares of Zebra Technologies from $347.00 to $407.00 and gave the company an "equal weight" rating in a research report on Thursday, October 31st. Finally, StockNews.com upgraded Zebra Technologies from a "hold" rating to a "buy" rating in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Zebra Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $385.18.

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.