Zurn Elkay Water Solutions Co. (NYSE:ZWS) Stock Holdings Lifted by Captrust Financial Advisors

Captrust Financial Advisors lifted its holdings in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 7.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,832 shares of the company’s stock after buying an additional 570 shares during the period. Captrust Financial Advisors’ holdings in Zurn Elkay Water Solutions were worth $281,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake 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 acquiring an additional 868,748 shares during the period. Dimensional Fund Advisors LP boosted its position in Zurn Elkay Water Solutions by 37.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,695,510 shares of the company’s stock valued at $49,846,000 after purchasing an additional 465,701 shares during the period. Impax Asset Management Group plc grew its stake in Zurn Elkay Water Solutions by 4.1% during the 3rd quarter. Impax Asset Management Group plc now owns 8,801,275 shares of the company’s stock worth $315,645,000 after buying an additional 346,412 shares during the last quarter. Public Sector Pension Investment Board acquired a new stake in Zurn Elkay Water Solutions in the third quarter worth $10,947,000. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its stake in Zurn Elkay Water Solutions by 2.1% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 13,138,996 shares of the company’s stock valued at $386,286,000 after buying an additional 265,857 shares during the last quarter. Institutional investors and hedge funds own 83.33% of the company’s stock.

Analysts Set New Price Targets

ZWS has been the topic of a number of analyst reports. Oppenheimer increased their price objective on shares of Zurn Elkay Water Solutions from $37.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Mizuho lifted their price target on Zurn Elkay Water Solutions from $34.00 to $37.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Stifel Nicolaus raised their target price on Zurn Elkay Water Solutions from $36.00 to $38.00 and gave the company a “hold” rating in a research report on Wednesday. Finally, Robert W. Baird lifted their target price on Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $38.50.

Zurn Elkay Water Solutions Price Performance

Shares of NYSE:ZWS opened at $39.77 on Friday. The stock’s 50 day moving average price is $38.38 and its 200 day moving average price is $33.91. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.70 and a quick ratio of 1.71. The stock has a market cap of $6.75 billion, a price-to-earnings ratio of 50.34, a PEG ratio of 2.05 and a beta of 1.14. Zurn Elkay Water Solutions Co. has a 12 month low of $27.55 and a 12 month high of $41.15.

Zurn Elkay Water Solutions (NYSE:ZWS) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. Zurn Elkay Water Solutions had a return on equity of 13.30% and a net margin of 8.87%. 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 previous year, the business earned $0.29 EPS. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. Equities research analysts anticipate that Zurn Elkay Water Solutions Co. will post 1.24 earnings per share for the current fiscal year.

Zurn Elkay Water Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Wednesday, November 20th were given a dividend of $0.09 per share. This is a positive change from Zurn Elkay Water Solutions’s previous quarterly dividend of $0.08. The ex-dividend date was Wednesday, November 20th. This represents a $0.36 annualized dividend and a dividend yield of 0.91%. Zurn Elkay Water Solutions’s dividend payout ratio (DPR) is 45.57%.

Insider Transactions at Zurn Elkay Water Solutions

In related news, CEO Todd A. Adams sold 120,000 shares of Zurn Elkay Water Solutions stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $39.83, for a total value of $4,779,600.00. Following the transaction, the chief executive officer now directly owns 2,242,867 shares in the company, valued at $89,333,392.61. The trade was a 5.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO David J. Pauli sold 4,070 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $39.15, for a total value of $159,340.50. Following the sale, the chief financial officer now directly owns 47,572 shares of the company’s stock, valued at approximately $1,862,443.80. This represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 157,237 shares of company stock valued at $6,164,583 in the last quarter. Insiders own 3.80% of the company’s stock.

Zurn Elkay Water Solutions 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.