12,084 Shares in Zurn Elkay Water Solutions Co. (NYSE:ZWS) Purchased by Choreo LLC

Choreo LLC acquired a new position in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 12,084 shares of the company’s stock, valued at approximately $348,000.

A number of other large investors also recently added to or reduced their stakes in ZWS. Tortoise Investment Management LLC lifted its holdings in shares of Zurn Elkay Water Solutions by 76.7% during the 2nd quarter. Tortoise Investment Management LLC now owns 859 shares of the company’s stock valued at $25,000 after purchasing an additional 373 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Zurn Elkay Water Solutions in the second quarter valued at approximately $29,000. Principal Securities Inc. bought a new stake in shares of Zurn Elkay Water Solutions in the fourth quarter worth $34,000. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Zurn Elkay Water Solutions by 732.4% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,440 shares of the company’s stock worth $42,000 after purchasing an additional 1,267 shares in the last quarter. Finally, EntryPoint Capital LLC boosted its holdings in Zurn Elkay Water Solutions by 649.1% during the first quarter. EntryPoint Capital LLC now owns 1,603 shares of the company’s stock worth $54,000 after purchasing an additional 1,389 shares during the last quarter. 83.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Oppenheimer reissued an “outperform” rating and set a $37.00 price target on shares of Zurn Elkay Water Solutions in a research report on Thursday, September 12th. Stifel Nicolaus lifted their target price on Zurn Elkay Water Solutions from $32.00 to $34.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Zurn Elkay Water Solutions from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $35.17.

Insider Activity

In related news, Director Timothy J. Jahnke sold 4,086 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $33.01, for a total value of $134,878.86. Following the transaction, the director now owns 389,399 shares in the company, valued at approximately $12,854,060.99. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, major shareholder Aimee Katz sold 8,240 shares of Zurn Elkay Water Solutions stock in a transaction on Monday, July 1st. The stock was sold at an average price of $29.14, for a total transaction of $240,113.60. Following the completion of the sale, the insider now owns 23,565,924 shares of the company’s stock, valued at $686,711,025.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Timothy J. Jahnke sold 4,086 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $33.01, for a total transaction of $134,878.86. Following the completion of the transaction, the director now owns 389,399 shares in the company, valued at $12,854,060.99. The disclosure for this sale can be found here. Insiders have sold 217,715 shares of company stock valued at $6,638,953 over the last ninety days. 3.80% of the stock is currently owned by company insiders.

Zurn Elkay Water Solutions Trading Up 1.0 %

Zurn Elkay Water Solutions stock opened at $33.80 on Wednesday. The stock has a 50-day simple moving average of $31.37 and a 200 day simple moving average of $31.42. The stock has a market capitalization of $5.78 billion, a P/E ratio of 47.61, a PEG ratio of 1.75 and a beta of 1.14. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.75 and a current ratio of 2.84. Zurn Elkay Water Solutions Co. has a 52 week low of $25.09 and a 52 week high of $34.58.

Zurn Elkay Water Solutions (NYSE:ZWS) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. The company had revenue of $412.00 million during the quarter, compared to analysts’ expectations of $409.14 million. Zurn Elkay Water Solutions had a return on equity of 12.82% and a net margin of 8.80%. The business’s revenue was up 2.2% on a year-over-year basis. During the same period last year, the firm posted $0.24 earnings per share. Analysts expect that Zurn Elkay Water Solutions Co. will post 1.21 earnings per share for the current year.

Zurn Elkay Water Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, August 20th were issued a $0.08 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $0.32 annualized dividend and a dividend yield of 0.95%. Zurn Elkay Water Solutions’s dividend payout ratio is currently 45.07%.

About Zurn Elkay Water Solutions

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.