Zurn Elkay Water Solutions Co. (NYSE:ZWS) Shares Purchased by Candriam S.C.A.

Candriam S.C.A. raised its position in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 13.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 110,548 shares of the company’s stock after buying an additional 12,703 shares during the quarter. Candriam S.C.A. owned about 0.07% of Zurn Elkay Water Solutions worth $4,123,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vestmark Advisory Solutions Inc. raised its stake in Zurn Elkay Water Solutions by 4.0% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 132,921 shares of the company’s stock valued at $4,958,000 after buying an additional 5,054 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Zurn Elkay Water Solutions during the fourth quarter valued at approximately $80,457,000. Charles Schwab Investment Management Inc. raised its position in shares of Zurn Elkay Water Solutions by 4.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,935,535 shares of the company’s stock worth $72,195,000 after purchasing an additional 76,102 shares during the period. Fisher Asset Management LLC acquired a new stake in shares of Zurn Elkay Water Solutions during the 4th quarter worth approximately $10,936,000. Finally, NewEdge Wealth LLC raised its position in shares of Zurn Elkay Water Solutions by 4.0% during the 4th quarter. NewEdge Wealth LLC now owns 132,993 shares of the company’s stock worth $4,961,000 after purchasing an additional 5,126 shares during the period. Institutional investors and hedge funds own 83.33% of the company’s stock.

Zurn Elkay Water Solutions Stock Performance

Shares of ZWS stock opened at $35.42 on Friday. Zurn Elkay Water Solutions Co. has a 12-month low of $28.25 and a 12-month high of $41.15. The firm has a market capitalization of $6.02 billion, a price-to-earnings ratio of 38.50, a price-to-earnings-growth ratio of 2.01 and a beta of 1.16. The business has a 50 day simple moving average of $36.96 and a 200 day simple moving average of $36.68. 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 issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. Zurn Elkay Water Solutions had a return on equity of 14.03% and a net margin of 10.23%. On average, equities research analysts anticipate that Zurn Elkay Water Solutions Co. will post 1.36 EPS for the current year.

Zurn Elkay Water Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Thursday, February 20th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date was Thursday, February 20th. Zurn Elkay Water Solutions’s dividend payout ratio (DPR) is 39.13%.

Analyst Ratings Changes

Separately, Stifel Nicolaus increased their price target on Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Zurn Elkay Water Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.67.

Insider Buying and Selling

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