Zurn Elkay Water Solutions Co. (NYSE:ZWS) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 1.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 66,800 shares of the company’s stock after selling 741 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Zurn Elkay Water Solutions were worth $2,492,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in ZWS. Raymond James Financial Inc. acquired a new stake in shares of Zurn Elkay Water Solutions in the fourth quarter valued at $80,457,000. State Street Corp lifted 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 buying an additional 2,119,777 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Zurn Elkay Water Solutions by 49.6% in the third quarter. Principal Financial Group Inc. now owns 2,619,953 shares of the company’s stock valued at $94,161,000 after buying an additional 868,748 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Zurn Elkay Water Solutions by 25.6% in the third quarter. JPMorgan Chase & Co. now owns 1,615,944 shares of the company’s stock valued at $58,077,000 after buying an additional 329,563 shares during the period. Finally, Public Sector Pension Investment Board acquired a new stake in shares of Zurn Elkay Water Solutions in the third quarter valued at $10,947,000. Institutional investors and hedge funds own 83.33% of the company’s stock.

Insider Buying and Selling at Zurn Elkay Water Solutions

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

Wall Street Analysts Forecast Growth

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

Zurn Elkay Water Solutions Stock Up 2.6 %

Shares of Zurn Elkay Water Solutions stock opened at $33.22 on Monday. The stock’s fifty day moving average is $36.56 and its 200-day moving average is $36.76. The firm has a market capitalization 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. The company has a quick ratio of 1.81, a current ratio of 2.91 and a debt-to-equity ratio of 0.31. Zurn Elkay Water Solutions Co. has a 12-month low of $28.25 and a 12-month high of $41.15.

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

Zurn Elkay Water Solutions Dividend Announcement

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

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.