Zurn Elkay Water Solutions Co. (NYSE:ZWS) Shares Purchased by Venturi Wealth Management LLC

Venturi Wealth Management LLC boosted its position in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 4.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,441 shares of the company’s stock after acquiring an additional 430 shares during the period. Venturi Wealth Management LLC’s holdings in Zurn Elkay Water Solutions were worth $352,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. HighTower Advisors LLC raised its position in shares of Zurn Elkay Water Solutions by 3.3% during the 3rd quarter. HighTower Advisors LLC now owns 8,092 shares of the company’s stock worth $293,000 after acquiring an additional 259 shares in the last quarter. DAVENPORT & Co LLC increased its stake in Zurn Elkay Water Solutions by 3.2% in the fourth quarter. DAVENPORT & Co LLC now owns 8,559 shares of the company’s stock valued at $319,000 after purchasing an additional 269 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in Zurn Elkay Water Solutions by 0.7% during the fourth quarter. Sanctuary Advisors LLC now owns 58,208 shares of the company’s stock worth $2,288,000 after purchasing an additional 389 shares in the last quarter. MML Investors Services LLC raised its holdings in Zurn Elkay Water Solutions by 2.5% during the third quarter. MML Investors Services LLC now owns 18,077 shares of the company’s stock worth $650,000 after purchasing an additional 449 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Zurn Elkay Water Solutions by 138.4% during the 4th quarter. GAMMA Investing LLC now owns 937 shares of the company’s stock worth $35,000 after buying an additional 544 shares during the last quarter. 83.33% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, major shareholder Aimee Katz sold 8,912,500 shares of the firm’s 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 completion of the sale, the insider now owns 15,002,819 shares in the company, valued at approximately $504,094,718.40. This trade represents a 37.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David J. Pauli sold 8,390 shares of the business’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 transaction, the chief financial officer now owns 59,410 shares in the company, 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 Ratings Changes

ZWS has been the topic of a number of recent analyst reports. Robert W. Baird increased their target price on shares of Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Stifel Nicolaus raised their price objective on Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Finally, Mizuho lifted their target price on Zurn Elkay Water Solutions from $34.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $38.67.

Zurn Elkay Water Solutions Stock Down 0.8 %

Shares of NYSE:ZWS opened at $35.36 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.91 and a quick ratio of 1.81. The stock has a market cap of $6.01 billion, a P/E ratio of 38.43, a P/E/G ratio of 2.03 and a beta of 1.15. Zurn Elkay Water Solutions Co. has a 1-year low of $28.25 and a 1-year high of $41.15. The firm has a fifty day moving average price of $37.67 and a 200 day moving average price of $36.30.

Zurn Elkay Water Solutions (NYSE:ZWS) last announced its earnings results on Tuesday, February 4th. The company reported $0.32 earnings per share for the quarter, topping 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%. Sell-side analysts predict that Zurn Elkay Water Solutions Co. will post 1.36 EPS for the current year.

Zurn Elkay Water Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Thursday, February 20th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $0.36 annualized dividend and a dividend yield of 1.02%. 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.