J. W. Coons Advisors LLC Has $24.73 Million Stock Holdings in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

J. W. Coons Advisors LLC reduced its stake in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 66.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 688,164 shares of the company’s stock after selling 1,391,836 shares during the period. Zurn Elkay Water Solutions comprises 6.2% of J. W. Coons Advisors LLC’s investment portfolio, making the stock its 2nd biggest position. J. W. Coons Advisors LLC owned approximately 0.41% of Zurn Elkay Water Solutions worth $24,733,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of ZWS. Sei Investments Co. boosted 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 buying an additional 21,081 shares during the period. Hsbc Holdings PLC raised its stake 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. Impax Asset Management Group plc boosted its stake in Zurn Elkay Water Solutions by 4.1% in the 3rd quarter. Impax Asset Management Group plc now owns 8,801,275 shares of the company’s stock worth $315,645,000 after purchasing an additional 346,412 shares during the period. B. Riley Wealth Advisors Inc. bought a new stake in shares of Zurn Elkay Water Solutions during the second quarter valued at about $431,000. Finally, AQR Capital Management LLC purchased a new stake in shares of Zurn Elkay Water Solutions in the second quarter worth about $1,068,000. 83.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ZWS has been the topic of a number of analyst reports. Mizuho upped their target price on shares of Zurn Elkay Water Solutions from $34.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Oppenheimer increased their price objective on Zurn Elkay Water Solutions from $37.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft upped their target price on Zurn Elkay Water Solutions from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Robert W. Baird increased their price target on shares of 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 upped their target price on Zurn Elkay Water Solutions from $34.00 to $36.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $38.17.

Insider Buying and Selling at Zurn Elkay Water Solutions

In related news, VP Sudhanshu Chhabra sold 52,851 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $32.55, for a total value of $1,720,300.05. Following the transaction, the vice president now owns 80,151 shares of the company’s stock, valued at approximately $2,608,915.05. This trade represents a 39.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Todd A. Adams sold 120,000 shares of the business’s 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 sale, the chief executive officer now directly owns 2,242,867 shares of the company’s stock, valued at approximately $89,333,392.61. The trade was a 5.08 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 225,688 shares of company stock worth $8,400,151. 3.80% of the stock is owned by corporate insiders.

Zurn Elkay Water Solutions Trading Up 0.0 %

Shares of ZWS stock opened at $38.91 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.70 and a quick ratio of 1.71. Zurn Elkay Water Solutions Co. has a 1-year low of $27.55 and a 1-year high of $40.64. The business has a 50-day moving average of $36.16 and a 200 day moving average of $32.83. The stock has a market capitalization of $6.60 billion, a PE ratio of 49.25, a P/E/G ratio of 1.97 and a beta of 1.14.

Zurn Elkay Water Solutions (NYSE:ZWS) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. The business had revenue of $410.00 million during the quarter, compared to analyst estimates of $406.15 million. Zurn Elkay Water Solutions had a return on equity of 13.30% and a net margin of 8.87%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.29 earnings per share. As a group, sell-side analysts anticipate that Zurn Elkay Water Solutions Co. will post 1.24 earnings per share for the current year.

Zurn Elkay Water Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Wednesday, November 20th will be paid a $0.09 dividend. This is a boost from Zurn Elkay Water Solutions’s previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Wednesday, November 20th. Zurn Elkay Water Solutions’s dividend payout ratio is currently 40.51%.

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.