Carnegie Investment Counsel Has $17.97 Million Holdings in Zebra Technologies Corporation $ZBRA

Key Points

• Carnegie Investment Counsel increased its holdings in Zebra Technologies Corporation by 6.5%, owning 58,264 shares worth approximately $17.97 million as of the end of the most recent quarter.
• Zebra Technologies received varied ratings from analysts, including an upgrade from Citigroup and a raise in price targets, with a consensus rating of "Moderate Buy" and an average price target of $369.56.
• The company reported a quarterly earnings per share (EPS) of $3.61, beating analysts' expectations and setting guidance for FY 2025 EPS between $15.250 and $15.750.

Carnegie Investment Counsel grew its holdings in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 6.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,264 shares of the industrial products company's stock after purchasing an additional 3,543 shares during the period. Carnegie Investment Counsel owned about 0.11% of Zebra Technologies worth $17,966,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Trust Co. of Toledo NA OH acquired a new stake in shares of Zebra Technologies in the 2nd quarter valued at $25,000. Zions Bancorporation National Association UT bought a new position in shares of Zebra Technologies during the first quarter valued at $27,000. Cary Street Partners Investment Advisory LLC bought a new position in shares of Zebra Technologies during the first quarter valued at $29,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Zebra Technologies during the first quarter valued at $30,000. Finally, Brooklyn Investment Group increased its position in shares of Zebra Technologies by 101.9% during the first quarter. Brooklyn Investment Group now owns 107 shares of the industrial products company's stock worth $30,000 after buying an additional 54 shares during the period. Institutional investors and hedge funds own 91.03% of the company's stock.

Wall Street Analysts Forecast Growth

ZBRA has been the subject of a number of research reports. Citigroup raised their price target on shares of Zebra Technologies from $340.00 to $346.00 and gave the stock a "neutral" rating in a report on Thursday, October 9th. Zacks Research cut shares of Zebra Technologies from a "strong-buy" rating to a "hold" rating in a report on Monday, October 13th. Robert W. Baird raised their price target on shares of Zebra Technologies from $320.00 to $367.00 and gave the company an "outperform" rating in a research report on Monday, July 14th. Morgan Stanley raised their price target on shares of Zebra Technologies from $280.00 to $300.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 6th. Finally, BNP Paribas Exane raised shares of Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 price objective on the stock in a research report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, Zebra Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $369.56.

Zebra Technologies Price Performance

ZBRA stock opened at $313.89 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.46 and a quick ratio of 1.03. Zebra Technologies Corporation has a one year low of $205.73 and a one year high of $427.76. The stock has a market cap of $15.96 billion, a PE ratio of 29.64 and a beta of 1.75. The firm has a 50 day simple moving average of $307.61 and a two-hundred day simple moving average of $296.34.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $3.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.31 by $0.30. Zebra Technologies had a net margin of 10.56% and a return on equity of 18.95%. The company had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter in the prior year, the company earned $3.18 EPS. The firm's revenue was up 6.2% on a year-over-year basis. Zebra Technologies has set its FY 2025 guidance at 15.250-15.750 EPS. Q3 2025 guidance at 3.600-3.800 EPS. On average, analysts predict that Zebra Technologies Corporation will post 13.71 EPS for the current fiscal year.

Zebra Technologies announced that its Board of Directors has authorized a stock buyback plan on Tuesday, August 5th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the industrial products company to buy up to 1.4% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

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.

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