Thematics Asset Management Sells 15,756 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Thematics Asset Management trimmed its stake in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 6.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 248,371 shares of the company’s stock after selling 15,756 shares during the quarter. Thematics Asset Management owned 0.15% of Zurn Elkay Water Solutions worth $9,264,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. HighTower Advisors LLC boosted its stake in Zurn Elkay Water Solutions by 3.3% in the 3rd quarter. HighTower Advisors LLC now owns 8,092 shares of the company’s stock valued at $293,000 after buying an additional 259 shares in the last quarter. DAVENPORT & Co LLC boosted its stake in shares of Zurn Elkay Water Solutions by 3.2% in the 4th quarter. DAVENPORT & Co LLC now owns 8,559 shares of the company’s stock valued at $319,000 after purchasing an additional 269 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of Zurn Elkay Water Solutions by 7.4% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,984 shares of the company’s stock valued at $205,000 after purchasing an additional 344 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in shares of Zurn Elkay Water Solutions by 0.7% in the 4th quarter. Sanctuary Advisors LLC now owns 58,208 shares of the company’s stock worth $2,288,000 after purchasing an additional 389 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its position in shares of Zurn Elkay Water Solutions by 4.8% during the 4th quarter. Venturi Wealth Management LLC now owns 9,441 shares of the company’s stock worth $352,000 after purchasing an additional 430 shares in the last quarter. 83.33% of the stock is currently owned by institutional investors.

Zurn Elkay Water Solutions Stock Performance

Shares of NYSE:ZWS opened at $30.04 on Friday. The stock has a market capitalization of $5.07 billion, a P/E ratio of 32.65, a P/E/G ratio of 2.01 and a beta of 1.08. The company has a current ratio of 2.91, a quick ratio of 1.81 and a debt-to-equity ratio of 0.31. Zurn Elkay Water Solutions Co. has a 1-year low of $27.74 and a 1-year high of $41.15. The business has a 50-day moving average price of $33.01 and a two-hundred day moving average price of $36.36.

Zurn Elkay Water Solutions (NYSE:ZWS) last announced its quarterly earnings data 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 net margin of 10.23% and a return on equity of 14.03%. Equities analysts predict that Zurn Elkay Water Solutions Co. will post 1.36 earnings per share for the current year.

Zurn Elkay Water Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Thursday, February 20th were issued a $0.09 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $0.36 dividend on an annualized basis and a yield of 1.20%. Zurn Elkay Water Solutions’s dividend payout ratio is presently 39.13%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ZWS shares. The Goldman Sachs Group decreased their price target on Zurn Elkay Water Solutions from $39.00 to $34.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 2nd. Stifel Nicolaus upgraded Zurn Elkay Water Solutions from a “hold” rating to a “buy” rating and decreased their target price for the stock from $39.00 to $34.00 in a report on Wednesday. Finally, BNP Paribas cut Zurn Elkay Water Solutions from an “outperform” rating to a “neutral” rating and set a $29.00 price target for the company. in a report on Wednesday, April 9th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $35.71.

Insider Buying and Selling at Zurn Elkay Water Solutions

In other Zurn Elkay Water Solutions news, major shareholder Aimee Katz sold 8,912,500 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $33.60, for a total value of $299,460,000.00. Following the sale, the insider now directly owns 15,002,819 shares in the company, valued at approximately $504,094,718.40. This trade represents a 37.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO David J. Pauli sold 8,390 shares of the business’s stock in a transaction on Friday, February 14th. The shares were 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 of the company’s stock, valued at $2,107,272.70. This trade represents a 12.37 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.

Zurn Elkay Water Solutions 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.