2,187 Shares in Zurn Elkay Water Solutions Co. (NYSE:ZWS) Purchased by Caisse Des Depots ET Consignations

Caisse Des Depots ET Consignations acquired a new stake in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,187 shares of the company’s stock, valued at approximately $82,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Raymond James Financial Inc. bought a new position in shares of Zurn Elkay Water Solutions during the fourth quarter worth about $80,457,000. State Street Corp lifted 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 last quarter. Principal Financial Group Inc. grew its position in shares of Zurn Elkay Water Solutions by 49.6% in the 3rd quarter. Principal Financial Group Inc. now owns 2,619,953 shares of the company’s stock worth $94,161,000 after acquiring an additional 868,748 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Zurn Elkay Water Solutions by 25.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,615,944 shares of the company’s stock valued at $58,077,000 after acquiring an additional 329,563 shares during the last quarter. Finally, Public Sector Pension Investment Board acquired a new stake in shares of Zurn Elkay Water Solutions during the 3rd quarter valued at approximately $10,947,000. 83.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus lifted their price objective on shares of Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the stock a “hold” rating in a 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $38.40.

Zurn Elkay Water Solutions Stock Performance

Shares of ZWS stock opened at $32.96 on Friday. The company has a quick ratio of 1.81, a current ratio of 2.91 and a debt-to-equity ratio of 0.31. The business has a 50 day moving average of $35.89 and a two-hundred day moving average of $36.85. The company has a market cap of $5.56 billion, a P/E ratio of 35.82, a PEG ratio of 2.01 and a beta of 1.16. Zurn Elkay Water Solutions Co. has a 52 week low of $28.25 and a 52 week high of $41.15.

Zurn Elkay Water Solutions (NYSE:ZWS) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates 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%. As a group, analysts anticipate that Zurn Elkay Water Solutions Co. will post 1.36 EPS for the current year.

Zurn Elkay Water Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Thursday, February 20th were given a $0.09 dividend. The ex-dividend date was Thursday, February 20th. This represents a $0.36 annualized dividend and a yield of 1.09%. Zurn Elkay Water Solutions’s dividend payout ratio is presently 39.13%.

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 business’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $33.60, for a total transaction of $299,460,000.00. Following the completion of the transaction, the insider now owns 15,002,819 shares in the company, valued at approximately $504,094,718.40. The trade was a 37.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through 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 transaction, the chief financial officer now directly owns 59,410 shares in the company, valued at $2,107,272.70. This trade represents a 12.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by company insiders.

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.