17,419 Shares in Zurn Elkay Water Solutions Co. (NYSE:ZWS) Purchased by Impact Capital Partners LLC

Impact Capital Partners LLC acquired a new stake in Zurn Elkay Water Solutions Co. (NYSE:ZWS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 17,419 shares of the company’s stock, valued at approximately $650,000.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of Zurn Elkay Water Solutions by 138.4% during the fourth quarter. GAMMA Investing LLC now owns 937 shares of the company’s stock worth $35,000 after purchasing an additional 544 shares during the period. Tsfg LLC bought a new position in shares of Zurn Elkay Water Solutions in the 4th quarter valued at $56,000. Tortoise Investment Management LLC increased its stake in shares of Zurn Elkay Water Solutions by 77.4% in the 4th quarter. Tortoise Investment Management LLC now owns 1,731 shares of the company’s stock valued at $65,000 after purchasing an additional 755 shares during the last quarter. KBC Group NV increased its stake in shares of Zurn Elkay Water Solutions by 20.9% in the 3rd quarter. KBC Group NV now owns 3,978 shares of the company’s stock valued at $143,000 after purchasing an additional 688 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Zurn Elkay Water Solutions by 7.4% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,984 shares of the company’s stock valued at $205,000 after acquiring an additional 344 shares in the last quarter. 83.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insider Transactions at Zurn Elkay Water Solutions

In other Zurn Elkay Water Solutions news, CFO David J. Pauli sold 8,390 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $35.47, for a total transaction of $297,593.30. Following the sale, the chief financial officer now owns 59,410 shares in the company, valued at $2,107,272.70. This represents a 12.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 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 represents a 37.27 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.80% of the company’s stock.

Zurn Elkay Water Solutions Stock Down 1.1 %

Shares of NYSE:ZWS opened at $32.79 on Thursday. The company has a market capitalization of $5.58 billion, a price-to-earnings ratio of 35.64, a P/E/G ratio of 2.01 and a beta of 1.16. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.91 and a quick ratio of 1.81. The business’s 50-day moving average is $36.73 and its 200-day moving average is $36.72. Zurn Elkay Water Solutions Co. has a 1 year low of $28.25 and a 1 year high of $41.15.

Zurn Elkay Water Solutions (NYSE:ZWS) last issued its earnings results on Tuesday, February 4th. The company reported $0.32 EPS for the quarter, beating 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%. Equities research analysts predict that Zurn Elkay Water Solutions Co. will post 1.36 earnings per share for the current year.

Zurn Elkay Water Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Thursday, February 20th were paid a $0.09 dividend. The ex-dividend date was Thursday, February 20th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.10%. Zurn Elkay Water Solutions’s payout ratio is presently 39.13%.

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.