8,518 shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. acquired a new stake in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS – Free Report) during the 1st quarter, according to the company’s most recent 13F filing with the SEC. The company acquired 8,518 shares of the company’s stock, valued at approximately $285,000.

Several other large investors have also bought and sold shares of ZWS. Envestnet Portfolio Solutions Inc. increased its position in shares of Zurn Elkay Water Solutions by 12.9% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 20,786 shares of the company’s stock worth $696,000 after purchasing an additional 2,375 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in shares of Zurn Elkay Water Solutions in the 1st quarter worth $132,000. Jennison Associates LLC increased its position in shares of Zurn Elkay Water Solutions by 68.6% in the 1st quarter. Jennison Associates LLC now owns 1,275,293 shares of the company’s stock worth $42,684,000 after purchasing an additional 518,733 shares in the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of Zurn Elkay Water Solutions during the 1st quarter worth $142,000. Finally, Janney Montgomery Scott LLC increased its stake in Zurn Elkay Water Solutions by 5.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 210,295 shares of the company’s stock worth $7,039,000 after acquiring an additional 11,216 shares during the last quarter. 83.33% of the shares are currently held by institutional investors.

Wall Street analysts weigh in

Several brokerages have recently given their opinions on ZWS. Deutsche Bank Aktiengesellschaft lowered their price target on Zurn Elkay Water Solutions from $37.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Stifel Nicolaus increased their price target on Zurn Elkay Water Solutions from $32.00 to $34.00 and gave the stock a “hold” rating in a report on Thursday. Finally, Oppenheimer increased their price target on Zurn Elkay Water Solutions from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, April 12th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “hold” and a consensus price target of $34.29.

Get our latest analysis on Zurn Elkay Water Solutions

Insider activity

In other news, majority owner Aimee Katz sold 100,000 shares of Zurn Elkay Water Solutions stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $29.04, for a total transaction of $2,904,000.00. Following the completion of the sale, the insider now owns 23,574,164 shares of the company’s stock, valued at approximately $684,593,722.56. The sale was disclosed in a filing with the SEC, which can be accessed via this hyperlink. In other news, Director Thomas Christopoul sold 10,495 shares of Zurn Elkay Water Solutions stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $32.11, for a total transaction of $336,994.45. Following the completion of the sale, the director now owns 104,844 shares of the company’s stock, valued at approximately $3,366,540.84. The sale was disclosed in a filing with the SEC, which can be accessed at this hyperlink. Also, major shareholder Aimee Katz sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $29.04, for a total value of $2,904,000.00. Following the completion of the sale, the insider now owns 23,574,164 shares of the company’s stock, valued at approximately $684,593,722.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 501,024 shares of the company’s stock for $15,713,451. Currently, 3.80% of the shares are held by insiders.

Zurn Elkay Water Solutions shares down 0.6%

Shares of NYSE ZWS opened at $30.96 on Friday. Zurn Elkay Water Solutions Co. has a 52-week low of $25.09 and a 52-week high of $34.58. The company has a 50-day simple moving average of $30.72 and a 200-day simple moving average of $31.02. The company has a quick ratio of 1.95, a current ratio of 3.31 and a debt-to-equity ratio of 0.31. The company has a market cap of $5.35 billion, a price/earnings ratio of 43.61, a price/earnings/growth ratio of 1.72 and a beta of 1.15.

Zurn Elkay Water Solutions (NYSE:ZWS – Get Free Report) last released its earnings results on Tuesday, April 23. The company reported $0.29 EPS for the quarter, which topped the consensus estimate of $0.26 by $0.03. Zurn Elkay Water Solutions had a return on equity of 11.85% and a net margin of 8.11%. The company had revenue of $374.00 million during the quarter, compared to the consensus estimate of $369.43 million. During the same quarter last year, the company earned $0.18 EPS. The company’s revenue increased 0.5% compared to the same quarter last year. Research analysts expect that Zurn Elkay Water Solutions Co. will post 1.18 EPS per share for the current fiscal year.

Zurn Elkay Water Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Monday, May 20th were paid a dividend of $0.08 per share. The ex-dividend date was Friday, May 17th. This represents an annualized dividend of $0.32 and a dividend yield of 1.03%. Zurn Elkay Water Solutions’ dividend payout ratio (DPR) is currently 45.07%.

Company Profile of Zurn Elkay Water Solutions

(Free Report)

Zurn Elkay Water Solutions Corporation designs, procures, manufactures and markets water management solutions in the United States, Canada and internationally. It offers water safety and control products such as check valves, fire protection valves, pressure reducing valves, thermostatic mixing valves, PEX pipe, fittings and installation tools under the Zurn and Wilkins brand names.

Also see

Want to know which other hedge funds own ZWS? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Zurn Elkay Water Solutions Co. (NYSE:ZWS – Free Report).

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