121,905 Zurn Elkay Water Solutions Cor $ZWS Shares Purchased by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of Zurn Elkay Water Solutions Cor (NYSE:ZWS) by 20.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 706,955 shares of the company’s stock after acquiring an additional 121,905 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Zurn Elkay Water Solutions Cor were worth $32,852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Engineers Gate Manager LP raised its position in Zurn Elkay Water Solutions Cor by 114.0% in the 2nd quarter. Engineers Gate Manager LP now owns 56,915 shares of the company’s stock worth $2,876,000 after buying an additional 30,320 shares during the last quarter. Amundi lifted its stake in Zurn Elkay Water Solutions Cor by 15.7% during the 2nd quarter. Amundi now owns 1,045,504 shares of the company’s stock valued at $52,829,000 after acquiring an additional 141,916 shares during the period. Deutsche Bank AG bought a new position in Zurn Elkay Water Solutions Cor during the 2nd quarter valued at about $8,205,000. SG Americas Securities LLC boosted its holdings in shares of Zurn Elkay Water Solutions Cor by 53.5% during the 1st quarter. SG Americas Securities LLC now owns 45,125 shares of the company’s stock valued at $2,023,000 after acquiring an additional 15,735 shares during the last quarter. Finally, Illinois Municipal Retirement Fund boosted its holdings in shares of Zurn Elkay Water Solutions Cor by 15.0% during the 1st quarter. Illinois Municipal Retirement Fund now owns 114,668 shares of the company’s stock valued at $5,142,000 after acquiring an additional 14,958 shares during the last quarter. 83.33% of the stock is owned by hedge funds and other institutional investors.

Zurn Elkay Water Solutions Cor Stock Down 0.4%

Zurn Elkay Water Solutions Cor stock opened at $46.92 on Friday. Zurn Elkay Water Solutions Cor has a one year low of $43.06 and a one year high of $55.00. The stock has a fifty day moving average of $47.78 and a 200 day moving average of $48.40. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.13 and a current ratio of 3.05. The stock has a market cap of $7.78 billion, a PE ratio of 27.70, a price-to-earnings-growth ratio of 1.72 and a beta of 1.07.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last posted its earnings results on Tuesday, July 28th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The company had revenue of $491.00 million for the quarter, compared to the consensus estimate of $483.04 million. Zurn Elkay Water Solutions Cor had a return on equity of 18.01% and a net margin of 15.45%. Zurn Elkay Water Solutions Cor’s revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.42 earnings per share. As a group, sell-side analysts predict that Zurn Elkay Water Solutions Cor will post 1.83 EPS for the current year.

Zurn Elkay Water Solutions Cor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Thursday, August 20th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $0.44 annualized dividend and a dividend yield of 0.9%. Zurn Elkay Water Solutions Cor’s dividend payout ratio is presently 27.16%.

Analyst Ratings Changes

ZWS has been the subject of a number of research analyst reports. Zacks Research upgraded shares of Zurn Elkay Water Solutions Cor from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. Robert W. Baird set a $58.00 price objective on shares of Zurn Elkay Water Solutions Cor in a report on Thursday, July 30th. Oppenheimer increased their price objective on shares of Zurn Elkay Water Solutions Cor from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Wednesday, September 9th. The Goldman Sachs Group restated a “neutral” rating and set a $55.00 price objective on shares of Zurn Elkay Water Solutions Cor in a research report on Wednesday, July 29th. Finally, Royal Bank Of Canada dropped their target price on shares of Zurn Elkay Water Solutions Cor from $58.00 to $54.00 and set a “sector perform” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Zurn Elkay Water Solutions Cor has an average rating of “Moderate Buy” and a consensus price target of $57.00.

Insider Activity at Zurn Elkay Water Solutions Cor

In other Zurn Elkay Water Solutions Cor news, Director Jacques Butler purchased 2,016 shares of Zurn Elkay Water Solutions Cor stock in a transaction dated Wednesday, August 19th. The stock was purchased at an average price of $49.60 per share, with a total value of $99,993.60. Following the transaction, the director directly owned 37,487 shares of the company’s stock, valued at $1,859,355.20. This trade represents a 5.68% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.40% of the stock is owned by insiders.

Zurn Elkay Water Solutions Cor Profile

Zurn Elkay Water Solutions Corporation (NYSE: ZWS) is a water management and plumbing products company serving commercial, institutional, industrial and residential markets. Its products are designed to support the collection, control, conservation, treatment and delivery of water in buildings and other infrastructure.

The company offers plumbing and drainage products, including drains, fixtures, faucets, flush valves, backflow prevention devices, water control systems and related accessories.