Van Strum & Towne Inc. Purchases 50 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Van Strum & Towne Inc. increased its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 5.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,050 shares of the industrial products company’s stock after buying an additional 50 shares during the quarter. Van Strum & Towne Inc.’s holdings in Zebra Technologies were worth $406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of ZBRA. Assetmark Inc. lifted its position in Zebra Technologies by 794.1% in the 3rd quarter. Assetmark Inc. now owns 152 shares of the industrial products company’s stock worth $56,000 after buying an additional 135 shares during the last quarter. Apollon Wealth Management LLC lifted its position in Zebra Technologies by 59.5% in the 3rd quarter. Apollon Wealth Management LLC now owns 1,113 shares of the industrial products company’s stock worth $412,000 after buying an additional 415 shares during the last quarter. Entropy Technologies LP bought a new stake in Zebra Technologies in the 3rd quarter worth approximately $357,000. Huntington National Bank lifted its position in Zebra Technologies by 28.4% in the 3rd quarter. Huntington National Bank now owns 633 shares of the industrial products company’s stock worth $234,000 after buying an additional 140 shares during the last quarter. Finally, Metis Global Partners LLC lifted its position in Zebra Technologies by 1.9% in the third quarter. Metis Global Partners LLC now owns 1,649 shares of the industrial products company’s stock valued at $611,000 after purchasing an additional 31 shares during the last quarter. Institutional investors own 91.03% of the company’s stock.

Zebra Technologies Stock Up 2.7 %

NASDAQ:ZBRA opened at $278.97 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. The stock’s fifty day moving average is $353.87 and its two-hundred day moving average is $369.03. Zebra Technologies Co. has a 52 week low of $266.75 and a 52 week high of $427.76. The stock has a market capitalization of $14.33 billion, a price-to-earnings ratio of 27.40 and a beta of 1.68.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. Research analysts anticipate that Zebra Technologies Co. will post 13.71 EPS for the current year.

Wall Street Analysts Forecast Growth

ZBRA has been the topic of several recent research reports. Robert W. Baird reduced their price target on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 18th. Citigroup started coverage on Zebra Technologies in a research note on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price target on the stock. Morgan Stanley cut their target price on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Truist Financial cut their target price on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Finally, Needham & Company LLC lowered their price target on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $381.42.

Insider Buying and Selling at Zebra Technologies

In other news, Director Anders Gustafsson acquired 500 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average cost of $311.00 per share, with a total value of $155,500.00. Following the purchase, the director now directly owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 1.04% of the stock is currently owned by corporate insiders.

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.