Palmer Knight Co Boosts Position in Zebra Technologies Corporation $ZBRA

Key Points

• Palmer Knight Co increased its stake in Zebra Technologies Corporation by 45% in the second quarter, owning 22,452 shares valued at approximately $6.92 million.
• Several institutional investors have also enhanced their positions in Zebra Technologies, contributing to a total of 91.03% institutional ownership of the stock.
• Zebra Technologies posted a quarterly earnings report with $3.61 earnings per share, exceeding expectations, while setting FY 2025 guidance between 15.250-15.750 EPS.

Palmer Knight Co increased its stake in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 45.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,452 shares of the industrial products company's stock after buying an additional 6,973 shares during the period. Zebra Technologies accounts for about 3.0% of Palmer Knight Co's portfolio, making the stock its 23rd largest position. Palmer Knight Co's holdings in Zebra Technologies were worth $6,923,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the stock. Praxis Investment Management Inc. purchased a new position in Zebra Technologies in the 2nd quarter worth about $660,000. WCM Investment Management LLC increased its stake in Zebra Technologies by 11.5% in the 2nd quarter. WCM Investment Management LLC now owns 10,490 shares of the industrial products company's stock worth $3,244,000 after buying an additional 1,081 shares during the period. Twin Tree Management LP increased its stake in Zebra Technologies by 38,011.1% in the 2nd quarter. Twin Tree Management LP now owns 10,290 shares of the industrial products company's stock worth $3,173,000 after buying an additional 10,263 shares during the period. Equitable Trust Co. increased its stake in Zebra Technologies by 87.4% in the 2nd quarter. Equitable Trust Co. now owns 3,032 shares of the industrial products company's stock worth $935,000 after buying an additional 1,414 shares during the period. Finally, Boston Trust Walden Corp increased its stake in Zebra Technologies by 6.2% in the 2nd quarter. Boston Trust Walden Corp now owns 173,652 shares of the industrial products company's stock worth $53,547,000 after buying an additional 10,074 shares during the period. Hedge funds and other institutional investors own 91.03% of the company's stock.

Analyst Upgrades and Downgrades

ZBRA has been the topic of a number of research reports. Morgan Stanley raised their target price 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. Barclays set a $375.00 target price on shares of Zebra Technologies in a research report on Tuesday, October 7th. Citigroup raised their target price on shares of Zebra Technologies from $340.00 to $346.00 and gave the company a "neutral" rating in a research report on Thursday, October 9th. Truist Financial raised their target price on shares of Zebra Technologies from $319.00 to $350.00 and gave the company a "hold" rating in a research report on Wednesday, October 8th. Finally, BNP Paribas raised shares of Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $369.56.

Zebra Technologies Stock Down 0.2%

NASDAQ:ZBRA opened at $293.31 on Friday. Zebra Technologies Corporation has a fifty-two week low of $205.73 and a fifty-two week high of $427.76. The stock has a market capitalization of $14.91 billion, a P/E ratio of 27.70 and a beta of 1.75. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.46. The company's 50-day simple moving average is $309.25 and its 200-day simple moving average is $294.66.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $3.61 earnings per share 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 business had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same period last year, the business earned $3.18 EPS. The company's revenue was up 6.2% compared to the same quarter last year. 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, equities analysts anticipate that Zebra Technologies Corporation will post 13.71 earnings per share for the current fiscal year.

Zebra Technologies announced that its board has authorized a stock repurchase program on Tuesday, August 5th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to buy up to 1.4% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management 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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