Skandinaviska Enskilda Banken AB publ Trims Stock Position in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Skandinaviska Enskilda Banken AB publ lessened its position in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 21,789 shares of the company’s stock after selling 829 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Zurn Elkay Water Solutions were worth $816,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Barclays PLC grew its position in Zurn Elkay Water Solutions by 85.7% in the 3rd quarter. Barclays PLC now owns 304,731 shares of the company’s stock valued at $10,952,000 after acquiring an additional 140,624 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Zurn Elkay Water Solutions by 49.6% in the third quarter. Principal Financial Group Inc. now owns 2,619,953 shares of the company’s stock valued at $94,161,000 after buying an additional 868,748 shares during the last quarter. Global Alpha Capital Management Ltd. raised its position in shares of Zurn Elkay Water Solutions by 23.1% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 92,448 shares of the company’s stock worth $3,323,000 after acquiring an additional 17,350 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Zurn Elkay Water Solutions by 25.6% during the third quarter. JPMorgan Chase & Co. now owns 1,615,944 shares of the company’s stock worth $58,077,000 after purchasing an additional 329,563 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Zurn Elkay Water Solutions by 1.1% in the third quarter. Geode Capital Management LLC now owns 3,256,457 shares of the company’s stock valued at $117,060,000 after acquiring an additional 35,570 shares during the last quarter. 83.33% of the stock is currently owned by institutional investors and hedge funds.

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 firm’s stock in a transaction dated 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 transaction, the insider now owns 15,002,819 shares of the company’s stock, valued at $504,094,718.40. This trade represents a 37.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO David J. Pauli sold 8,390 shares of the firm’s 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 completion of the sale, the chief financial officer now owns 59,410 shares in the company, valued at $2,107,272.70. The trade was a 12.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, Stifel Nicolaus lifted their target price 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. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $38.40.

Zurn Elkay Water Solutions Price Performance

NYSE:ZWS opened at $33.47 on Tuesday. 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 firm has a market cap of $5.69 billion, a price-to-earnings ratio of 36.38, a price-to-earnings-growth ratio of 2.01 and a beta of 1.16. The company’s 50-day moving average is $36.49 and its two-hundred day moving average is $36.77. Zurn Elkay Water Solutions Co. has a 12-month low of $28.25 and a 12-month high of $41.15.

Zurn Elkay Water Solutions (NYSE:ZWS) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.32 earnings per share for the quarter, topping 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%. Research analysts expect 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 announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Thursday, February 20th were paid a $0.09 dividend. The ex-dividend date was Thursday, February 20th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.08%. 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.