Zurn Elkay Water Solutions Co. (NYSE:ZWS) Shares Sold by Choreo LLC

Choreo LLC lessened its holdings in Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,900 shares of the company’s stock after selling 529 shares during the quarter. Choreo LLC’s holdings in Zurn Elkay Water Solutions were worth $446,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ZWS. State Street Corp raised its position in Zurn Elkay Water Solutions by 63.8% during the third quarter. State Street Corp now owns 5,441,980 shares of the company’s stock valued at $195,585,000 after acquiring an additional 2,119,777 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Zurn Elkay Water Solutions by 49.6% during the 3rd quarter. Principal Financial Group Inc. now owns 2,619,953 shares of the company’s stock valued at $94,161,000 after purchasing an additional 868,748 shares in the last quarter. Impax Asset Management Group plc boosted its holdings in Zurn Elkay Water Solutions by 4.1% during the third quarter. Impax Asset Management Group plc now owns 8,801,275 shares of the company’s stock worth $315,645,000 after buying an additional 346,412 shares in the last quarter. JPMorgan Chase & Co. grew its position in Zurn Elkay Water Solutions by 25.6% during the third quarter. JPMorgan Chase & Co. now owns 1,615,944 shares of the company’s stock valued at $58,077,000 after buying an additional 329,563 shares during the period. Finally, Public Sector Pension Investment Board acquired a new position in shares of Zurn Elkay Water Solutions in the third quarter worth about $10,947,000. Institutional investors and hedge funds own 83.33% of the company’s stock.

Zurn Elkay Water Solutions Stock Down 2.6 %

ZWS stock opened at $35.91 on Thursday. The firm has a market cap of $6.09 billion, a PE ratio of 39.03, a PEG ratio of 1.78 and a beta of 1.15. Zurn Elkay Water Solutions Co. has a one year low of $28.25 and a one year high of $41.15. The firm’s 50 day moving average price is $38.34 and its 200-day moving average price is $36.18. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.71 and a current ratio of 2.70.

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, topping analysts’ consensus estimates of $0.28 by $0.04. Zurn Elkay Water Solutions had a return on equity of 14.01% and a net margin of 10.23%. On average, equities research analysts anticipate that Zurn Elkay Water Solutions Co. will post 1.35 EPS for the current year.

Zurn Elkay Water Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Thursday, February 20th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $0.36 dividend on an annualized basis and a yield of 1.00%. Zurn Elkay Water Solutions’s dividend payout ratio (DPR) is presently 39.13%.

Analyst Upgrades and Downgrades

Several analysts have commented on ZWS shares. 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. Oppenheimer upped their price target on shares of Zurn Elkay Water Solutions from $37.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Robert W. Baird lifted their price objective on Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, Mizuho upped their target price on shares of Zurn Elkay Water Solutions from $34.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $38.67.

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.