Zurn Elkay Water Solutions Co. (NYSE:ZWS) Stock Position Decreased by Aureus Asset Management LLC

Aureus Asset Management LLC lowered its holdings in Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 13.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,313 shares of the company’s stock after selling 1,000 shares during the period. Aureus Asset Management LLC’s holdings in Zurn Elkay Water Solutions were worth $227,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Zurn Elkay Water Solutions by 2.1% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 13,138,996 shares of the company’s stock valued at $386,286,000 after acquiring an additional 265,857 shares during the period. Impax Asset Management Group plc lifted its position 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 purchasing an additional 346,412 shares during the last quarter. Principal Financial Group Inc. boosted its stake in 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 during the period. Charles Schwab Investment Management Inc. grew its position in Zurn Elkay Water Solutions by 3.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,859,433 shares of the company’s stock worth $66,828,000 after purchasing an additional 65,426 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Zurn Elkay Water Solutions by 37.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,695,510 shares of the company’s stock valued at $49,846,000 after purchasing an additional 465,701 shares during the period. 83.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO David J. Pauli sold 4,070 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $39.15, for a total value of $159,340.50. Following the completion of the transaction, the chief financial officer now owns 47,572 shares in the company, valued at $1,862,443.80. This trade represents a 7.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Jeffrey J. Lavalle sold 3,132 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $39.15, for a total value of $122,617.80. Following the sale, the vice president now owns 35,422 shares in the company, valued at approximately $1,386,771.30. The trade was a 8.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 225,688 shares of company stock worth $8,400,151 in the last ninety days. 3.00% of the stock is currently owned by corporate insiders.

Zurn Elkay Water Solutions Stock Performance

Shares of NYSE ZWS opened at $40.29 on Tuesday. Zurn Elkay Water Solutions Co. has a 1 year low of $27.55 and a 1 year high of $40.64. The firm has a market cap of $6.84 billion, a P/E ratio of 51.00, a PEG ratio of 2.02 and a beta of 1.14. The stock has a fifty day moving average price of $37.41 and a two-hundred day moving average price of $33.34. 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 announced its earnings results on Tuesday, October 29th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. Zurn Elkay Water Solutions had a return on equity of 13.30% and a net margin of 8.87%. The business had revenue of $410.00 million during the quarter, compared to analysts’ expectations of $406.15 million. During the same quarter last year, the business posted $0.29 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. Research analysts forecast that Zurn Elkay Water Solutions Co. will post 1.24 EPS for the current fiscal year.

Zurn Elkay Water Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Wednesday, November 20th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $0.36 annualized dividend and a dividend yield of 0.89%. This is a boost from Zurn Elkay Water Solutions’s previous quarterly dividend of $0.08. Zurn Elkay Water Solutions’s payout ratio is currently 45.57%.

Analyst Upgrades and Downgrades

ZWS has been the subject of several analyst reports. Robert W. Baird boosted their price objective on 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. Stifel Nicolaus increased their price target on Zurn Elkay Water Solutions from $34.00 to $36.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Mizuho raised their price target on Zurn Elkay Water Solutions from $34.00 to $37.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, Oppenheimer upped their price objective on shares of Zurn Elkay Water Solutions from $37.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $38.17.

Zurn Elkay Water Solutions 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.