ELCO Management Co. LLC Sells 1,174 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS)

ELCO Management Co. LLC decreased its holdings in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 9.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,401 shares of the company’s stock after selling 1,174 shares during the period. ELCO Management Co. LLC’s holdings in Zurn Elkay Water Solutions were worth $425,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. FMR LLC raised its stake in shares of Zurn Elkay Water Solutions by 11.2% in the third quarter. FMR LLC now owns 14,070 shares of the company’s stock worth $506,000 after buying an additional 1,416 shares during the period. Captrust Financial Advisors lifted its holdings in Zurn Elkay Water Solutions by 7.8% during the third quarter. Captrust Financial Advisors now owns 7,832 shares of the company’s stock valued at $281,000 after purchasing an additional 570 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of Zurn Elkay Water Solutions by 3.3% in the third quarter. HighTower Advisors LLC now owns 8,092 shares of the company’s stock worth $293,000 after purchasing an additional 259 shares during the period. State Street Corp increased its stake 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 worth $195,585,000 after purchasing an additional 2,119,777 shares in the last quarter. Finally, MML Investors Services LLC raised its position in shares of Zurn Elkay Water Solutions by 2.5% during the 3rd quarter. MML Investors Services LLC now owns 18,077 shares of the company’s stock valued at $650,000 after purchasing an additional 449 shares during the period. 83.33% of the stock is owned by institutional investors.

Insider Activity at Zurn Elkay Water Solutions

In other news, CFO David J. Pauli sold 8,390 shares of the stock in a transaction on Friday, February 14th. The shares were sold at an average price of $35.47, for a total value of $297,593.30. Following the sale, the chief financial officer now owns 59,410 shares of the company’s stock, valued at approximately $2,107,272.70. This represents a 12.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Aimee Katz sold 8,912,500 shares of Zurn Elkay Water Solutions 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 transaction, the insider now directly owns 15,002,819 shares of the company’s stock, valued at approximately $504,094,718.40. This represents a 37.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.60% of the stock is owned by insiders.

Analyst Ratings Changes

ZWS has been the subject of a number of analyst reports. The Goldman Sachs Group cut their price target on Zurn Elkay Water Solutions from $39.00 to $34.00 and set a “neutral” rating for the company in a research note on Wednesday, April 2nd. Stifel Nicolaus upped their price target on Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Zurn Elkay Water Solutions has an average rating of “Hold” and a consensus price target of $37.67.

Zurn Elkay Water Solutions Stock Performance

NYSE ZWS opened at $28.39 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.91 and a quick ratio of 1.81. Zurn Elkay Water Solutions Co. has a 1-year low of $28.18 and a 1-year high of $41.15. The business has a 50 day simple moving average of $34.60 and a two-hundred day simple moving average of $36.72. The stock has a market capitalization of $4.79 billion, a PE ratio of 30.86, a P/E/G ratio of 2.01 and a beta of 1.08.

Zurn Elkay Water Solutions (NYSE:ZWS) last posted its earnings results on Tuesday, February 4th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates 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%. On average, research analysts predict that Zurn Elkay Water Solutions Co. will post 1.36 EPS for the current fiscal year.

Zurn Elkay Water Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Thursday, February 20th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.27%. The ex-dividend date was Thursday, February 20th. Zurn Elkay Water Solutions’s dividend payout ratio is 39.13%.

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.