Zurn Elkay Water Solutions Cor (ZWS) To Go Ex-Dividend on November 20th

Zurn Elkay Water Solutions Cor (NYSE:ZWS) announced a quarterly dividend on Thursday, October 22nd. Shareholders of record on Friday, November 20th will be paid a dividend of $0.13 per share on Monday, December 7th. This represents a $0.52 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, November 20th. This is a 18.2% increase from Zurn Elkay Water Solutions Cor’s previous quarterly dividend of $0.11.

Zurn Elkay Water Solutions Cor has a dividend payout ratio of 29.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Zurn Elkay Water Solutions Cor to earn $2.03 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 21.7%.

Zurn Elkay Water Solutions Cor Price Performance

ZWS opened at $48.54 on Friday. The stock has a 50-day moving average price of $47.39 and a 200-day moving average price of $48.50. Zurn Elkay Water Solutions Cor has a 12-month low of $43.06 and a 12-month high of $55.00. The company has a current ratio of 3.05, a quick ratio of 2.13 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $8.05 billion, a P/E ratio of 29.96, a PEG ratio of 1.77 and a beta of 1.07.

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

Insider Buying and Selling

In other Zurn Elkay Water Solutions Cor news, Director Jacques Butler acquired 2,016 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was acquired at an average price of $49.60 per share, for a total transaction of $99,993.60. Following the acquisition, the director owned 37,487 shares in the company, valued at $1,859,355.20. This represents a 5.68% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Zurn Elkay Water Solutions Cor

Hedge funds and other institutional investors have recently made changes to their positions in the business. Kilter Group LLC purchased a new stake in Zurn Elkay Water Solutions Cor in the second quarter worth $25,000. Northwestern Mutual Wealth Management Co. purchased a new position in Zurn Elkay Water Solutions Cor during the second quarter valued at $27,000. Root Financial Partners LLC purchased a new position in Zurn Elkay Water Solutions Cor during the third quarter valued at $26,000. Assetmark Inc. boosted its holdings in shares of Zurn Elkay Water Solutions Cor by 53.0% during the 1st quarter. Assetmark Inc. now owns 843 shares of the company’s stock valued at $38,000 after buying an additional 292 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Zurn Elkay Water Solutions Cor during the 2nd quarter valued at $49,000. Institutional investors own 83.33% of the company’s stock.

About Zurn Elkay Water Solutions Cor

Zurn Elkay Water Solutions Corporation (NYSE: ZWS) is a manufacturer of products and systems used to manage, conserve and protect water in commercial, institutional, industrial and residential buildings. The company provides plumbing and water-management solutions designed to support water distribution, drainage, safety, hygiene and efficiency.

Its product portfolio includes commercial faucets, flush valves, fixtures, drains, plumbing specialties, backflow-prevention devices, water coolers, bottle-filling stations, water filtration systems and related accessories.