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

Venturi Wealth Management LLC raised its holdings in Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 4.8% in the 4th quarter, HoldingsChannel reports. The fund 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 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in ZWS. Creative Planning lifted its position in Zurn Elkay Water Solutions by 95.7% during the third quarter. Creative Planning now owns 29,553 shares of the company’s stock worth $1,062,000 after buying an additional 14,452 shares during the period. International Assets Investment Management LLC grew its holdings in Zurn Elkay Water Solutions by 3,475.8% in the 3rd quarter. International Assets Investment Management LLC now owns 35,293 shares of the company’s stock valued at $1,268,000 after buying an additional 34,306 shares during the period. Louisiana State Employees Retirement System acquired a new position in shares of Zurn Elkay Water Solutions during the 3rd quarter valued at about $2,494,000. State of Alaska Department of Revenue purchased a new position in shares of Zurn Elkay Water Solutions during the 3rd quarter worth about $2,943,000. Finally, New York State Teachers Retirement System acquired a new stake in shares of Zurn Elkay Water Solutions in the third quarter worth approximately $1,172,000. Hedge funds and other institutional investors own 83.33% of the company’s stock.

Insider Activity at Zurn Elkay Water Solutions

In related news, major shareholder Aimee Katz sold 8,912,500 shares of Zurn Elkay Water Solutions stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $33.60, for a total transaction of $299,460,000.00. Following the sale, the insider now owns 15,002,819 shares of the company’s stock, valued at $504,094,718.40. The trade was a 37.27 % decrease in their position. The transaction was disclosed in a filing 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 stock was 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 owns 59,410 shares in the company, valued at $2,107,272.70. This represents a 12.37 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.80% of the company’s stock.

Zurn Elkay Water Solutions Price Performance

ZWS opened at $35.36 on Friday. Zurn Elkay Water Solutions Co. has a 52-week low of $28.25 and a 52-week high of $41.15. The company has a 50 day moving average of $37.67 and a two-hundred day moving average of $36.30. The company 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. The company has a quick ratio of 1.81, a current ratio of 2.91 and a debt-to-equity ratio of 0.31.

Zurn Elkay Water Solutions (NYSE:ZWS) last announced 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%. On average, analysts expect 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 announced a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Thursday, February 20th will be paid a $0.09 dividend. The ex-dividend date is Thursday, February 20th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.02%. Zurn Elkay Water Solutions’s dividend payout ratio (DPR) is currently 39.13%.

Wall Street Analyst Weigh In

ZWS has been the subject of several research analyst reports. Mizuho upped their price target on shares of 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. Robert W. Baird upped their price objective on 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, Stifel Nicolaus lifted their target price on 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 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 $38.67.

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.