David J. Pauli Sells 8,390 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) Stock

Zurn Elkay Water Solutions Co. (NYSE:ZWS) CFO David J. Pauli sold 8,390 shares of Zurn Elkay Water Solutions stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $35.47, for a total transaction of $297,593.30. Following the completion of the sale, the chief financial officer now directly owns 59,410 shares in the company, valued at $2,107,272.70. This trade represents a 12.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Zurn Elkay Water Solutions Stock Down 0.8 %

Zurn Elkay Water Solutions stock opened at $35.36 on Friday. Zurn Elkay Water Solutions Co. has a 1-year low of $28.25 and a 1-year high of $41.15. The firm has a market capitalization of $6.01 billion, a price-to-earnings ratio of 38.43, a P/E/G ratio of 2.03 and a beta of 1.15. The company has a current ratio of 2.91, a quick ratio of 1.81 and a debt-to-equity ratio of 0.31. The firm has a 50 day simple moving average of $37.67 and a 200 day simple moving average of $36.30.

Zurn Elkay Water Solutions (NYSE:ZWS) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. Zurn Elkay Water Solutions had a net margin of 10.23% and a return on equity of 14.03%. On average, analysts predict that Zurn Elkay Water Solutions Co. will post 1.36 earnings per share for the current year.

Zurn Elkay Water Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Thursday, February 20th will be given a dividend of $0.09 per share. The ex-dividend date is Thursday, February 20th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.02%. Zurn Elkay Water Solutions’s dividend payout ratio (DPR) is currently 39.13%.

Wall Street Analysts Forecast Growth

ZWS has been the topic of a number of research reports. Stifel Nicolaus lifted their price target on shares of Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Mizuho lifted their price target 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. Finally, Robert W. Baird lifted their price target on shares of Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $38.67.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Impax Asset Management Group plc grew its position in shares of Zurn Elkay Water Solutions by 4.1% during 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 in the last quarter. Invesco Ltd. grew its position in shares of Zurn Elkay Water Solutions by 26.8% during the 4th quarter. Invesco Ltd. now owns 5,880,302 shares of the company’s stock valued at $219,335,000 after purchasing an additional 1,242,642 shares in the last quarter. State Street Corp grew its position in shares of Zurn Elkay Water Solutions by 63.8% during the 3rd quarter. State Street Corp now owns 5,441,980 shares of the company’s stock valued at $195,585,000 after purchasing an additional 2,119,777 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Zurn Elkay Water Solutions by 6.5% during the 4th quarter. Janus Henderson Group PLC now owns 4,006,596 shares of the company’s stock valued at $149,444,000 after purchasing an additional 245,258 shares in the last quarter. Finally, First Trust Advisors LP grew its position in shares of Zurn Elkay Water Solutions by 184.0% during the 4th quarter. First Trust Advisors LP now owns 3,556,599 shares of the company’s stock valued at $132,661,000 after purchasing an additional 2,304,285 shares in the last quarter. 83.33% of the stock is currently owned by hedge funds and other institutional investors.

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.