Heritage Family Offices LLP Sells 437 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Heritage Family Offices LLP lessened its stake in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 3.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 11,058 shares of the company’s stock after selling 437 shares during the period. Heritage Family Offices LLP’s holdings in Zurn Elkay Water Solutions were worth $412,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ZWS. Sei Investments Co. increased its holdings in Zurn Elkay Water Solutions by 11.1% in the 2nd quarter. Sei Investments Co. now owns 211,183 shares of the company’s stock worth $6,209,000 after acquiring an additional 21,081 shares in the last quarter. Barclays PLC lifted its holdings in Zurn Elkay Water Solutions by 85.7% during the third quarter. Barclays PLC now owns 304,731 shares of the company’s stock valued at $10,952,000 after purchasing an additional 140,624 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of 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 worth $94,161,000 after purchasing an additional 868,748 shares during the period. Global Alpha Capital Management Ltd. increased its stake in shares of Zurn Elkay Water Solutions by 23.1% in the third quarter. Global Alpha Capital Management Ltd. now owns 92,448 shares of the company’s stock worth $3,323,000 after purchasing an additional 17,350 shares in the last quarter. Finally, Hsbc Holdings PLC raised its position in shares of Zurn Elkay Water Solutions by 209.9% during the 2nd quarter. Hsbc Holdings PLC now owns 82,640 shares of the company’s stock valued at $2,411,000 after purchasing an additional 55,970 shares during the period. Institutional investors own 83.33% of the company’s stock.

Insiders Place Their Bets

In other Zurn Elkay Water Solutions news, CEO Todd A. Adams sold 120,000 shares of Zurn Elkay Water Solutions stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $39.83, for a total transaction of $4,779,600.00. Following the completion of the transaction, the chief executive officer now directly owns 2,242,867 shares of the company’s stock, valued at $89,333,392.61. The trade was a 5.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jeffrey J. Lavalle sold 3,132 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $39.15, for a total transaction of $122,617.80. Following the transaction, the vice president now owns 35,422 shares in the company, valued at $1,386,771.30. This trade represents a 8.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 127,202 shares of company stock valued at $5,061,558 over the last ninety days. 3.00% of the stock is owned by insiders.

Zurn Elkay Water Solutions Price Performance

Shares of Zurn Elkay Water Solutions stock opened at $37.51 on Thursday. The firm has a market cap of $6.37 billion, a PE ratio of 47.48, a PEG ratio of 1.69 and a beta of 1.15. The stock has a 50 day moving average of $38.73 and a 200 day moving average of $35.02. The company has a current ratio of 2.70, a quick ratio of 1.71 and a debt-to-equity ratio of 0.31. Zurn Elkay Water Solutions Co. has a 12 month low of $27.90 and a 12 month high of $41.15.

Zurn Elkay Water Solutions (NYSE:ZWS) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Zurn Elkay Water Solutions had a net margin of 8.87% and a return on equity of 13.30%. The company had revenue of $410.00 million for the quarter, compared to the consensus estimate of $406.15 million. During the same quarter in the prior year, the firm earned $0.29 earnings per share. Zurn Elkay Water Solutions’s revenue was up 2.9% on a year-over-year basis. On average, research analysts expect that Zurn Elkay Water Solutions Co. will post 1.24 EPS for the current fiscal year.

Zurn Elkay Water Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Wednesday, November 20th were given a $0.09 dividend. The ex-dividend date was Wednesday, November 20th. This represents a $0.36 annualized dividend and a yield of 0.96%. This is a positive change from Zurn Elkay Water Solutions’s previous quarterly dividend of $0.08. Zurn Elkay Water Solutions’s dividend payout ratio (DPR) is currently 45.57%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Robert W. Baird increased their price target on Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Stifel Nicolaus increased their target price on Zurn Elkay Water Solutions from $36.00 to $38.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Mizuho lifted their target price on Zurn Elkay Water Solutions from $34.00 to $37.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, Oppenheimer upped their price target on Zurn Elkay Water Solutions from $37.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.50.

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.