Insider Selling: Zurn Elkay Water Solutions Co. (NYSE:ZWS) CFO Sells $159,340.50 in Stock

Zurn Elkay Water Solutions Co. (NYSE:ZWS) CFO David J. Pauli sold 4,070 shares of Zurn Elkay Water Solutions stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $39.15, for a total value of $159,340.50. Following the completion of the sale, the chief financial officer now directly owns 47,572 shares in the company, valued at $1,862,443.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Zurn Elkay Water Solutions Stock Down 0.1 %

Zurn Elkay Water Solutions stock opened at $39.17 on Friday. The business has a fifty day moving average of $35.33 and a two-hundred day moving average of $32.56. The company has a quick ratio of 1.71, a current ratio of 2.70 and a debt-to-equity ratio of 0.31. The firm has a market cap of $6.65 billion, a P/E ratio of 49.58, a P/E/G ratio of 2.02 and a beta of 1.14. Zurn Elkay Water Solutions Co. has a twelve month low of $27.55 and a twelve month high of $40.64.

Zurn Elkay Water Solutions (NYSE:ZWS) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $410.00 million for the quarter, compared to the consensus estimate of $406.15 million. Zurn Elkay Water Solutions had a return on equity of 13.30% and a net margin of 8.87%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.29 earnings per share. On average, analysts forecast 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 declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Wednesday, November 20th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This is an increase 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 0.92%. Zurn Elkay Water Solutions’s dividend payout ratio is presently 40.51%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ZWS. Robert W. Baird boosted their price objective on Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft boosted their target price on Zurn Elkay Water Solutions from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Stifel Nicolaus boosted their target price on Zurn Elkay Water Solutions from $34.00 to $36.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Mizuho boosted 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. Finally, Oppenheimer boosted their price target on Zurn Elkay Water Solutions from $37.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $38.17.

Hedge Funds Weigh In On Zurn Elkay Water Solutions

Several hedge funds have recently made changes to their positions in ZWS. Principal Financial Group Inc. increased 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 valued at $94,161,000 after acquiring an additional 868,748 shares during the period. Dimensional Fund Advisors LP grew 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 worth $49,846,000 after purchasing an additional 465,701 shares during the period. Impax Asset Management Group plc grew its position 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 purchasing an additional 346,412 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its position in Zurn Elkay Water Solutions by 2.1% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 13,138,996 shares of the company’s stock worth $386,286,000 after purchasing an additional 265,857 shares during the period. Finally, Wintrust Investments LLC grew its position in Zurn Elkay Water Solutions by 1,300.0% during the 1st quarter. Wintrust Investments LLC now owns 252,000 shares of the company’s stock worth $8,434,000 after purchasing an additional 234,000 shares during the period. 83.33% of the stock is owned by institutional investors and hedge funds.

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.