Sanctuary Advisors LLC Raises Holdings in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Sanctuary Advisors LLC increased its stake in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 0.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,208 shares of the company’s stock after purchasing an additional 389 shares during the period. Sanctuary Advisors LLC’s holdings in Zurn Elkay Water Solutions were worth $2,288,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Bleakley Financial Group LLC raised its position in shares of Zurn Elkay Water Solutions by 3.9% during the 4th quarter. Bleakley Financial Group LLC now owns 21,690 shares of the company’s stock worth $809,000 after purchasing an additional 819 shares during the last quarter. DAVENPORT & Co LLC raised its position in shares of Zurn Elkay Water Solutions by 3.2% during the 4th quarter. DAVENPORT & Co LLC now owns 8,559 shares of the company’s stock worth $319,000 after purchasing an additional 269 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Zurn Elkay Water Solutions by 78.6% during the 4th quarter. Pacer Advisors Inc. now owns 6,294 shares of the company’s stock worth $235,000 after purchasing an additional 2,769 shares during the last quarter. KBC Group NV raised its position in shares of Zurn Elkay Water Solutions by 53.9% during the 4th quarter. KBC Group NV now owns 6,122 shares of the company’s stock worth $228,000 after purchasing an additional 2,144 shares during the last quarter. Finally, Crescent Grove Advisors LLC raised its position in shares of Zurn Elkay Water Solutions by 5.7% during the 4th quarter. Crescent Grove Advisors LLC now owns 2,435,447 shares of the company’s stock worth $90,842,000 after purchasing an additional 130,732 shares during the last quarter. 83.33% of the stock is currently owned by institutional investors and hedge funds.

Zurn Elkay Water Solutions Trading Down 1.3 %

Shares of ZWS opened at $34.90 on Friday. The stock has a fifty day moving average of $37.57 and a two-hundred day moving average of $36.38. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.81 and a current ratio of 2.91. The company has a market capitalization of $5.93 billion, a PE ratio of 37.93, a price-to-earnings-growth ratio of 2.01 and a beta of 1.15. Zurn Elkay Water Solutions Co. has a fifty-two week low of $28.25 and a fifty-two week high of $41.15.

Zurn Elkay Water Solutions (NYSE:ZWS) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.32 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts forecast that Zurn Elkay Water Solutions Co. will post 1.36 EPS for the current year.

Zurn Elkay Water Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Thursday, February 20th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $0.36 annualized dividend and a dividend yield of 1.03%. Zurn Elkay Water Solutions’s dividend payout ratio is presently 39.13%.

Insider Activity

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Stifel Nicolaus lifted their price objective on Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. Robert W. Baird boosted their price target on Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, Mizuho boosted their price target on Zurn Elkay Water Solutions from $34.00 to $37.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $38.67.

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.