Johnson Investment Counsel Inc. Purchases 2,921 Shares of Zebra Technologies Corporation $ZBRA

Key Points

• Johnson Investment Counsel Inc. increased its holdings in Zebra Technologies by 66.6%, acquiring an additional 2,921 shares, making their total ownership 7,305 shares worth approximately $2.25 million.
• Major institutional investors have also raised their stakes in Zebra Technologies, with SG Americas Securities increasing its position by 168.3% in Q1 2023.
• Zebra Technologies has received positive analyst endorsements, with BNP Paribas Exane upgrading the stock to an "outperform" rating and setting a price target of $408.00.

Johnson Investment Counsel Inc. lifted its position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 66.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,305 shares of the industrial products company's stock after acquiring an additional 2,921 shares during the period. Johnson Investment Counsel Inc.'s holdings in Zebra Technologies were worth $2,253,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ZBRA. SG Americas Securities LLC lifted its stake in Zebra Technologies by 168.3% in the 1st quarter. SG Americas Securities LLC now owns 6,366 shares of the industrial products company's stock valued at $1,799,000 after purchasing an additional 3,993 shares during the last quarter. Fifth Third Bancorp lifted its stake in Zebra Technologies by 8.1% in the 1st quarter. Fifth Third Bancorp now owns 3,127 shares of the industrial products company's stock valued at $884,000 after purchasing an additional 233 shares during the last quarter. Elevation Point Wealth Partners LLC lifted its stake in Zebra Technologies by 7.3% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 954 shares of the industrial products company's stock valued at $270,000 after purchasing an additional 65 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Zebra Technologies by 33.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,912 shares of the industrial products company's stock valued at $2,236,000 after purchasing an additional 1,964 shares during the last quarter. Finally, Sagespring Wealth Partners LLC lifted its stake in Zebra Technologies by 6.6% in the 1st quarter. Sagespring Wealth Partners LLC now owns 1,093 shares of the industrial products company's stock valued at $309,000 after purchasing an additional 68 shares during the last quarter. Institutional investors own 91.03% of the company's stock.

Analyst Upgrades and Downgrades

ZBRA has been the subject of several research reports. BNP Paribas Exane raised shares of Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 price objective for the company in a research note on Thursday, July 10th. Barclays set a $375.00 price target on shares of Zebra Technologies in a research note on Tuesday, October 7th. Truist Financial raised their price target on shares of Zebra Technologies from $319.00 to $350.00 and gave the company a "hold" rating in a research note on Wednesday, October 8th. 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 note on Monday, July 14th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Zebra Technologies in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $369.56.

Zebra Technologies Price Performance

Shares of NASDAQ ZBRA opened at $281.96 on Tuesday. Zebra Technologies Corporation has a twelve month low of $205.73 and a twelve month high of $427.76. The firm has a fifty day simple moving average of $310.75 and a 200 day simple moving average of $294.51. The company has a market capitalization of $14.34 billion, a PE ratio of 26.63 and a beta of 1.75. The company has a quick ratio of 1.03, a current ratio of 1.46 and a debt-to-equity ratio of 0.59.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its earnings results on Tuesday, August 5th. The industrial products company reported $3.61 earnings per share for the quarter, topping 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 business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the firm earned $3.18 earnings per share. Zebra Technologies's quarterly 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, sell-side analysts forecast that Zebra Technologies Corporation will post 13.71 EPS for the current year.

Zebra Technologies declared that its Board of Directors has authorized a share repurchase program 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 programs are typically a sign that the company's leadership believes its shares are undervalued.

Zebra Technologies 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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