David J. Pauli Sells 8,390 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) Stock

Zurn Elkay Water Solutions Co. (NYSE:ZWS) CFO David J. Pauli sold 8,390 shares of the firm’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $35.47, for a total transaction of $297,593.30. Following the completion of the sale, the chief financial officer now owns 59,410 shares of the company’s stock, valued at $2,107,272.70. This trade represents a 12.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Zurn Elkay Water Solutions Stock Performance

NYSE ZWS traded down $0.08 on Wednesday, reaching $35.71. The stock had a trading volume of 762,855 shares, compared to its average volume of 1,034,517. 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 company has a market cap of $6.07 billion, a P/E ratio of 38.82, a price-to-earnings-growth ratio of 2.01 and a beta of 1.15. The firm has a fifty day moving average of $37.85 and a two-hundred day moving average of $36.32. 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 released its quarterly earnings results on Tuesday, February 4th. The company reported $0.32 EPS for the quarter, beating 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, 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 declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Thursday, February 20th will be given a $0.09 dividend. The ex-dividend date is Thursday, February 20th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.01%. Zurn Elkay Water Solutions’s payout ratio is 39.13%.

Institutional Investors Weigh In On Zurn Elkay Water Solutions

Several institutional investors have recently made changes to their positions in the stock. Impax Asset Management Group plc raised its holdings in Zurn Elkay Water Solutions by 4.1% in the 3rd quarter. Impax Asset Management Group plc now owns 8,801,275 shares of the company’s stock valued at $315,645,000 after acquiring an additional 346,412 shares in the last quarter. Invesco Ltd. increased its position in shares of Zurn Elkay Water Solutions by 26.8% in the fourth quarter. Invesco Ltd. now owns 5,880,302 shares of the company’s stock worth $219,335,000 after purchasing an additional 1,242,642 shares during the period. State Street Corp raised its stake in Zurn Elkay Water Solutions by 63.8% in the third quarter. State Street Corp now owns 5,441,980 shares of the company’s stock valued at $195,585,000 after purchasing an additional 2,119,777 shares in the last quarter. Janus Henderson Group PLC lifted its position in Zurn Elkay Water Solutions by 6.5% during the fourth quarter. Janus Henderson Group PLC now owns 4,006,596 shares of the company’s stock worth $149,444,000 after purchasing an additional 245,258 shares during the period. Finally, First Trust Advisors LP grew its stake in Zurn Elkay Water Solutions by 184.0% during the fourth quarter. First Trust Advisors LP now owns 3,556,599 shares of the company’s stock worth $132,661,000 after buying an additional 2,304,285 shares in the last quarter. 83.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ZWS has been the subject of a number of recent analyst reports. Oppenheimer raised their price objective on Zurn Elkay Water Solutions from $37.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Stifel Nicolaus raised their price target 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. Robert W. Baird lifted their price objective on shares of Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Finally, Mizuho increased their price objective on shares of Zurn Elkay Water Solutions from $34.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Zurn Elkay Water Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $38.67.

Zurn Elkay Water Solutions Company 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.