Zurn Elkay Water Solutions Co. (NYSE:ZWS) Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC trimmed its holdings in Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 10.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,540 shares of the company’s stock after selling 863 shares during the period. Great Lakes Advisors LLC’s holdings in Zurn Elkay Water Solutions were worth $281,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of ZWS. Raymond James Financial Inc. acquired a new stake in Zurn Elkay Water Solutions in the 4th quarter valued at about $80,457,000. State Street Corp increased its holdings in shares of Zurn Elkay Water Solutions by 63.8% in the third quarter. State Street Corp now owns 5,441,980 shares of the company’s stock valued at $195,585,000 after purchasing an additional 2,119,777 shares during the last quarter. Principal Financial Group Inc. lifted its position in Zurn Elkay Water Solutions by 49.6% during the third quarter. Principal Financial Group Inc. now owns 2,619,953 shares of the company’s stock worth $94,161,000 after buying an additional 868,748 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Zurn Elkay Water Solutions by 25.6% during the third quarter. JPMorgan Chase & Co. now owns 1,615,944 shares of the company’s stock worth $58,077,000 after buying an additional 329,563 shares during the last quarter. Finally, Public Sector Pension Investment Board purchased a new stake in Zurn Elkay Water Solutions in the 3rd quarter valued at $10,947,000. 83.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Stifel Nicolaus boosted their price target on shares of Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the company a “hold” rating in a research report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $38.40.

Zurn Elkay Water Solutions Stock Performance

Shares of Zurn Elkay Water Solutions stock opened at $33.22 on Monday. The business’s fifty day simple moving average is $36.56 and its 200-day simple moving average is $36.76. The company has a quick ratio of 1.81, a current ratio of 2.91 and a debt-to-equity ratio of 0.31. The firm has a market cap of $5.65 billion, a PE ratio of 36.10, a price-to-earnings-growth ratio of 2.01 and a beta of 1.16. Zurn Elkay Water Solutions Co. has a 52 week low of $28.25 and a 52 week high of $41.15.

Zurn Elkay Water Solutions (NYSE:ZWS) last announced its earnings results on Tuesday, February 4th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.04. Zurn Elkay Water Solutions had a net margin of 10.23% and a return on equity of 14.03%. Equities analysts forecast that Zurn Elkay Water Solutions Co. will post 1.36 earnings per share for the current year.

Zurn Elkay Water Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Thursday, February 20th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend was Thursday, February 20th. Zurn Elkay Water Solutions’s dividend payout ratio (DPR) is 39.13%.

Insider Transactions at Zurn Elkay Water Solutions

In related news, CFO David J. Pauli sold 8,390 shares of the firm’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $35.47, for a total transaction of $297,593.30. Following the completion of the transaction, the chief financial officer now directly owns 59,410 shares in the company, valued at $2,107,272.70. This trade represents a 12.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Aimee Katz sold 8,912,500 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $33.60, for a total transaction of $299,460,000.00. Following the sale, the insider now owns 15,002,819 shares in the company, valued at $504,094,718.40. This trade represents a 37.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.80% of the company’s stock.

Zurn Elkay Water Solutions Company Profile

Zurn Elkay Water Solutions Corporation engages in design, procurement, manufacture, and marketing of water management solutions in the United States, Canada, and internationally. It offers water safety and control products, such as backflow preventers, fire system valves, pressure reducing valves, thermostatic mixing valves, PEX pipings, fittings, and installation tools under the Zurn and Wilkins brand names.