Teacher Retirement System of Texas Purchases 1,595 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Teacher Retirement System of Texas raised its position in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,995 shares of the company’s stock after acquiring an additional 1,595 shares during the period. Teacher Retirement System of Texas’ holdings in Zurn Elkay Water Solutions were worth $2,350,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp lifted its position in shares of 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 purchasing an additional 2,119,777 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Zurn Elkay Water Solutions by 1.1% during the third quarter. Geode Capital Management LLC now owns 3,256,457 shares of the company’s stock worth $117,060,000 after buying an additional 35,570 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of 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. Crescent Grove Advisors LLC increased its position in Zurn Elkay Water Solutions by 5.7% during the fourth quarter. Crescent Grove Advisors LLC now owns 2,435,447 shares of the company’s stock worth $90,842,000 after acquiring an additional 130,732 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Zurn Elkay Water Solutions during the 4th quarter valued at $80,457,000. 83.33% of the stock is owned by institutional investors and hedge funds.

Zurn Elkay Water Solutions Trading Down 0.6 %

Shares of Zurn Elkay Water Solutions stock opened at $34.01 on Thursday. The company’s fifty day moving average price is $36.08 and its two-hundred day moving average price is $36.86. The firm has a market capitalization of $5.74 billion, a PE ratio of 36.97, a price-to-earnings-growth 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. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.91 and a quick ratio of 1.81.

Zurn Elkay Water Solutions (NYSE:ZWS) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.04. Zurn Elkay Water Solutions had a net margin of 10.23% and a return on equity of 14.03%. On average, analysts expect that Zurn Elkay Water Solutions Co. will post 1.36 EPS for the current year.

Zurn Elkay Water Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Thursday, February 20th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend was Thursday, February 20th. Zurn Elkay Water Solutions’s dividend payout ratio is 39.13%.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus upped their price objective on shares of Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the company a “hold” rating in a research report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Zurn Elkay Water Solutions has a consensus rating of “Hold” and an average price target of $38.40.

Insider Activity at Zurn Elkay Water Solutions

In other news, CFO David J. Pauli sold 8,390 shares of Zurn Elkay Water Solutions stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 59,410 shares in the company, valued at approximately $2,107,272.70. The trade was a 12.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Aimee Katz sold 8,912,500 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $33.60, for a total value of $299,460,000.00. Following the sale, the insider now owns 15,002,819 shares in the company, valued at approximately $504,094,718.40. This trade represents a 37.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.60% of the stock is owned by insiders.

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.