Fort Washington Investment Advisors Inc. OH Buys 848 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Fort Washington Investment Advisors Inc. OH boosted its position in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 0.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 424,293 shares of the company’s stock after acquiring an additional 848 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Zurn Elkay Water Solutions were worth $12,474,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC grew its position in shares of Zurn Elkay Water Solutions by 51,600.0% during the fourth quarter. International Assets Investment Management LLC now owns 29,469 shares of the company’s stock worth $867,000 after purchasing an additional 29,412 shares in the last quarter. California Public Employees Retirement System raised its position in shares of Zurn Elkay Water Solutions by 13.9% during the fourth quarter. California Public Employees Retirement System now owns 243,469 shares of the company’s stock valued at $7,160,000 after buying an additional 29,642 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Zurn Elkay Water Solutions by 2.7% in the fourth quarter. New York State Common Retirement Fund now owns 60,571 shares of the company’s stock worth $1,781,000 after buying an additional 1,602 shares in the last quarter. Truist Financial Corp bought a new position in shares of Zurn Elkay Water Solutions during the fourth quarter worth $5,608,000. Finally, Victory Capital Management Inc. grew its stake in Zurn Elkay Water Solutions by 2,065.2% during the fourth quarter. Victory Capital Management Inc. now owns 476,854 shares of the company’s stock valued at $14,024,000 after acquiring an additional 454,830 shares in the last quarter. Hedge funds and other institutional investors own 83.33% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ZWS shares. Stifel Nicolaus boosted their target price on Zurn Elkay Water Solutions from $32.00 to $34.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Deutsche Bank Aktiengesellschaft lifted their price objective 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. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $35.17.

Insider Buying and Selling at Zurn Elkay Water Solutions

In related news, major shareholder Aimee Katz sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $29.04, for a total transaction of $2,904,000.00. Following the completion of the sale, the insider now directly owns 23,574,164 shares of the company’s stock, valued at approximately $684,593,722.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder Aimee Katz sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $29.04, for a total value of $2,904,000.00. Following the completion of the sale, the insider now owns 23,574,164 shares in the company, valued at $684,593,722.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Ice Mountain Llc sold 36,938 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $30.44, for a total transaction of $1,124,392.72. Following the transaction, the insider now owns 23,682,793 shares in the company, valued at $720,904,218.92. The disclosure for this sale can be found here. Insiders sold 149,951 shares of company stock worth $4,424,854 over the last 90 days. Company insiders own 3.80% of the company’s stock.

Zurn Elkay Water Solutions Trading Up 0.7 %

Shares of ZWS stock opened at $32.45 on Friday. The company has a market cap of $5.60 billion, a PE ratio of 45.70, a price-to-earnings-growth ratio of 1.68 and a beta of 1.15. Zurn Elkay Water Solutions Co. has a 1 year low of $25.09 and a 1 year high of $34.58. The stock’s 50 day simple moving average is $30.68 and its two-hundred day simple moving average is $31.37. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.84 and a quick ratio of 1.75.

Zurn Elkay Water Solutions (NYSE:ZWS) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.02. The company had revenue of $412.00 million for the quarter, compared to analyst estimates of $409.14 million. Zurn Elkay Water Solutions had a return on equity of 12.82% and a net margin of 8.80%. Zurn Elkay Water Solutions’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.24 EPS. Research analysts predict that Zurn Elkay Water Solutions Co. will post 1.21 earnings per share for the current year.

Zurn Elkay Water Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Tuesday, August 20th will be given a dividend of $0.08 per share. The ex-dividend date is Tuesday, August 20th. This represents a $0.32 annualized dividend and a dividend yield of 0.99%. Zurn Elkay Water Solutions’s dividend payout ratio (DPR) is presently 45.07%.

About Zurn Elkay Water Solutions

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.