TD Private Client Wealth LLC Reduces Stock Holdings in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

TD Private Client Wealth LLC cut its position in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,528 shares of the company’s stock after selling 2,105 shares during the period. TD Private Client Wealth LLC’s holdings in Zurn Elkay Water Solutions were worth $2,258,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Teacher Retirement System of Texas raised its position in shares of Zurn Elkay Water Solutions by 2.6% during the 4th quarter. Teacher Retirement System of Texas now owns 62,995 shares of the company’s stock valued at $2,350,000 after buying an additional 1,595 shares during the period. Xponance Inc. raised its position in Zurn Elkay Water Solutions by 22.8% in the fourth quarter. Xponance Inc. now owns 11,547 shares of the company’s stock valued at $431,000 after purchasing an additional 2,146 shares during the period. Cibc World Markets Corp acquired a new position in shares of Zurn Elkay Water Solutions in the 4th quarter valued at $503,000. Corient Private Wealth LLC grew its holdings in shares of Zurn Elkay Water Solutions by 6.7% during the 4th quarter. Corient Private Wealth LLC now owns 13,903 shares of the company’s stock worth $519,000 after purchasing an additional 876 shares during the period. Finally, Gitterman Wealth Management LLC increased its position in shares of Zurn Elkay Water Solutions by 27.3% during the 4th quarter. Gitterman Wealth Management LLC now owns 7,472 shares of the company’s stock worth $279,000 after purchasing an additional 1,603 shares during the last quarter. 83.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Zurn Elkay Water Solutions news, CFO David J. Pauli sold 8,390 shares of Zurn Elkay Water Solutions 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 completion of the sale, the chief financial officer now directly owns 59,410 shares of the company’s stock, valued at $2,107,272.70. The trade was a 12.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Aimee Katz sold 8,912,500 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $33.60, for a total value of $299,460,000.00. Following the transaction, the insider now directly owns 15,002,819 shares of the company’s stock, valued at approximately $504,094,718.40. This represents a 37.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.80% of the company’s stock.

Zurn Elkay Water Solutions Stock Down 0.6 %

Shares of ZWS opened at $33.42 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.81 and a current ratio of 2.91. The stock has a market capitalization of $5.64 billion, a PE ratio of 36.33, a P/E/G ratio of 2.01 and a beta of 1.16. The company’s 50-day simple moving average is $36.26 and its 200-day simple moving average is $36.74. Zurn Elkay Water Solutions Co. has a 1 year low of $28.25 and a 1 year high of $41.15.

Zurn Elkay Water Solutions (NYSE:ZWS) last released its 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 return on equity of 14.03% and a net margin of 10.23%. Analysts forecast that Zurn Elkay Water Solutions Co. will post 1.36 earnings per share for the current fiscal year.

Zurn Elkay Water Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Thursday, February 20th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend was Thursday, February 20th. Zurn Elkay Water Solutions’s dividend payout ratio is presently 39.13%.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus upped 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 research report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $38.40.

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.