Zurn Elkay Water Solutions Co. (NYSE:ZWS) Position Trimmed by Natixis Advisors LLC

Natixis Advisors LLC decreased its holdings in Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 53.4% during the second quarter, Holdings Channel.com reports. The firm owned 19,767 shares of the company’s stock after selling 22,645 shares during the period. Natixis Advisors LLC’s holdings in Zurn Elkay Water Solutions were worth $581,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Triodos Investment Management BV increased its holdings in shares of Zurn Elkay Water Solutions by 12.2% in the 2nd quarter. Triodos Investment Management BV now owns 46,000 shares of the company’s stock valued at $1,352,000 after purchasing an additional 5,000 shares during the period. Heritage Family Offices LLP acquired a new position in shares of Zurn Elkay Water Solutions during the 2nd quarter worth $341,000. International Assets Investment Management LLC bought a new position in shares of Zurn Elkay Water Solutions during the 2nd quarter valued at $29,000. Peregrine Capital Management LLC lifted its stake in shares of Zurn Elkay Water Solutions by 1.3% in the 2nd quarter. Peregrine Capital Management LLC now owns 290,314 shares of the company’s stock valued at $8,535,000 after purchasing an additional 3,778 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Zurn Elkay Water Solutions by 24.1% in the second quarter. Principal Financial Group Inc. now owns 1,751,205 shares of the company’s stock worth $51,485,000 after purchasing an additional 339,892 shares in the last quarter. Institutional investors and hedge funds own 83.33% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on ZWS shares. Deutsche Bank Aktiengesellschaft increased their price objective on Zurn Elkay Water Solutions from $35.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Oppenheimer reissued an “outperform” rating and set a $37.00 price objective on shares of Zurn Elkay Water Solutions in a report on Thursday. Finally, Stifel Nicolaus raised their target price on Zurn Elkay Water Solutions from $32.00 to $34.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Zurn Elkay Water Solutions has a consensus rating of “Hold” and a consensus target price of $35.17.

Insider Buying and Selling at Zurn Elkay Water Solutions

In other news, Director Timothy J. Jahnke sold 4,086 shares of Zurn Elkay Water Solutions stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $33.01, for a total value of $134,878.86. Following the completion of the sale, the director now directly owns 389,399 shares of the company’s stock, valued at approximately $12,854,060.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Zurn Elkay Water Solutions news, major shareholder Ice Mountain Llc sold 36,938 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $30.44, for a total value of $1,124,392.72. Following the completion of the transaction, the insider now directly owns 23,682,793 shares of the company’s stock, valued at $720,904,218.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Timothy J. Jahnke sold 4,086 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $33.01, for a total value of $134,878.86. Following the completion of the transaction, the director now directly owns 389,399 shares of the company’s stock, valued at $12,854,060.99. The disclosure for this sale can be found here. In the last quarter, insiders sold 164,864 shares of company stock worth $4,918,653. 3.80% of the stock is currently owned by insiders.

Zurn Elkay Water Solutions Price Performance

Shares of NYSE:ZWS opened at $32.48 on Friday. Zurn Elkay Water Solutions Co. has a 1-year low of $25.09 and a 1-year high of $34.58. The firm has a market capitalization of $5.55 billion, a PE ratio of 45.75, a PEG ratio of 1.60 and a beta of 1.14. The business’s 50 day moving average is $31.10 and its 200-day moving average is $31.38. The company has a current ratio of 2.84, a quick ratio of 1.75 and a debt-to-equity ratio of 0.31.

Zurn Elkay Water Solutions (NYSE:ZWS) last posted its earnings results on Tuesday, July 30th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.31 by $0.02. The business had revenue of $412.00 million during the quarter, compared to the consensus estimate of $409.14 million. Zurn Elkay Water Solutions had a return on equity of 12.82% and a net margin of 8.80%. Zurn Elkay Water Solutions’s revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the company earned $0.24 EPS. Sell-side analysts predict that Zurn Elkay Water Solutions Co. will post 1.21 earnings per share for the current year.

Zurn Elkay Water Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, August 20th were given a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $0.32 annualized dividend and a yield of 0.99%. Zurn Elkay Water Solutions’s payout ratio is 45.07%.

About Zurn Elkay Water Solutions

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.