Zurn Elkay Water Solutions Co. (NYSE:ZWS) CFO Sells $297,593.30 in Stock

Zurn Elkay Water Solutions Co. (NYSE:ZWS) 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 transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Zurn Elkay Water Solutions Price Performance

Shares of Zurn Elkay Water Solutions stock opened at $34.90 on Friday. The company has a current ratio of 2.91, a quick ratio of 1.81 and a debt-to-equity ratio of 0.31. The company’s 50-day moving average price is $37.57 and its two-hundred day moving average price is $36.34. Zurn Elkay Water Solutions Co. has a 52 week low of $28.25 and a 52 week high of $41.15. The stock has a market cap of $5.93 billion, a PE ratio of 37.93, a price-to-earnings-growth ratio of 2.02 and a beta of 1.15.

Zurn Elkay Water Solutions (NYSE:ZWS) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.32 EPS 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%. As a group, sell-side analysts anticipate 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 declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Thursday, February 20th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.03%. The ex-dividend date is Thursday, February 20th. Zurn Elkay Water Solutions’s dividend payout ratio (DPR) is presently 39.13%.

Wall Street Analyst Weigh In

ZWS has been the subject of several analyst reports. Stifel Nicolaus boosted their price target on shares of Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the company a “hold” rating in a report on Friday, January 24th. Robert W. Baird upped their price objective on shares of Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, Mizuho upped their price objective on shares of Zurn Elkay Water Solutions from $34.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Zurn Elkay Water Solutions has an average rating of “Moderate Buy” and a consensus target price of $38.67.

Institutional Investors Weigh In On Zurn Elkay Water Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC raised its position in Zurn Elkay Water Solutions by 0.7% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 13,563,362 shares of the company’s stock worth $505,913,000 after acquiring an additional 91,758 shares in the last quarter. Impax Asset Management Group plc raised its holdings in Zurn Elkay Water Solutions by 4.1% during the 3rd quarter. Impax Asset Management Group plc now owns 8,801,275 shares of the company’s stock worth $315,645,000 after buying an additional 346,412 shares during the period. Invesco Ltd. raised its holdings in Zurn Elkay Water Solutions by 26.8% during the 4th quarter. Invesco Ltd. now owns 5,880,302 shares of the company’s stock worth $219,335,000 after buying an additional 1,242,642 shares during the period. State Street Corp raised its holdings in Zurn Elkay Water Solutions by 63.8% during the 3rd quarter. State Street Corp now owns 5,441,980 shares of the company’s stock worth $195,585,000 after buying an additional 2,119,777 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in Zurn Elkay Water Solutions by 6.5% during the 4th quarter. Janus Henderson Group PLC now owns 4,006,596 shares of the company’s stock worth $149,444,000 after buying an additional 245,258 shares during the period. 83.33% of the stock is currently owned by institutional investors.

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.