Principal Financial Group Inc. Acquires 6,514 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Principal Financial Group Inc. raised its stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 6.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 110,417 shares of the industrial products company's stock after acquiring an additional 6,514 shares during the quarter. Principal Financial Group Inc. owned approximately 0.21% of Zebra Technologies worth $40,890,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Concord Wealth Partners acquired 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 worth $27,000. Farmers & Merchants Investments Inc. boosted its position 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 valued at $30,000 after buying an additional 63 shares during the last quarter. Transcendent Capital Group LLC bought a new position in Zebra Technologies in the second quarter valued at about $32,000. Finally, Blue Trust Inc. raised its stake in shares of Zebra Technologies by 136.7% in the third quarter. Blue Trust Inc. now owns 116 shares of the industrial products company's stock worth $43,000 after buying an additional 67 shares during the period. Institutional investors own 91.03% of the company's stock.

Zebra Technologies Stock Performance

NASDAQ ZBRA traded down $0.47 during trading hours on Tuesday, reaching $402.69. The company's stock had a trading volume of 325,266 shares, compared to its average volume of 362,162. The business has a 50-day simple moving average of $364.88 and a 200 day simple moving average of $336.26. The stock has a market cap of $20.77 billion, a PE ratio of 54.85 and a beta of 1.64. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. Zebra Technologies Co. has a 52 week low of $202.01 and a 52 week high of $405.62.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) 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. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The business's revenue for the quarter was up 31.3% on a year-over-year basis. During the same quarter last year, the business earned $0.57 earnings per share. Equities research analysts predict that Zebra Technologies Co. will post 12.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Morgan Stanley raised their price target on Zebra Technologies from $290.00 to $305.00 and gave the company an "underweight" rating in a report on Wednesday, October 30th. Robert W. Baird upped 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. Barclays raised their target price on Zebra Technologies from $347.00 to $407.00 and gave the company an "equal weight" rating in a research report on Thursday, October 31st. Stephens lifted their price objective on Zebra Technologies from $380.00 to $410.00 and gave the stock an "overweight" rating in a research report on Friday, August 2nd. Finally, StockNews.com raised Zebra Technologies from a "hold" rating to a "buy" rating in a research note on Thursday, October 31st. One equities research 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. Based on data from MarketBeat.com, Zebra Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $385.18.

Insider Buying and Selling at Zebra Technologies

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of Zebra Technologies stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $341.69, for a total value of $341,690.00. Following the transaction, the insider now owns 9,694 shares in the company, valued at $3,312,342.86. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the company's stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $381.73, for a total value of $701,238.01. Following the completion of the sale, the chief financial officer now owns 11,421 shares of the company's stock, valued at approximately $4,359,738.33. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey F. Schmitz sold 1,000 shares of the stock in a transaction 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 sale, the insider now directly owns 9,694 shares of the company's stock, valued at $3,312,342.86. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.06% of the company's stock.

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.