Barclays PLC Has $10.26 Million Stock Position in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Barclays PLC reduced its position in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) by 9.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 275,162 shares of the company's stock after selling 29,569 shares during the period. Barclays PLC owned 0.16% of Zurn Elkay Water Solutions worth $10,263,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. HighTower Advisors LLC raised its stake in Zurn Elkay Water Solutions by 3.3% during the 3rd quarter. HighTower Advisors LLC now owns 8,092 shares of the company's stock valued at $293,000 after purchasing an additional 259 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Zurn Elkay Water Solutions in the 3rd quarter valued at $234,000. Principal Financial Group Inc. raised its stake in shares of Zurn Elkay Water Solutions by 49.6% in the 3rd quarter. Principal Financial Group Inc. now owns 2,619,953 shares of the company's stock valued at $94,161,000 after buying an additional 868,748 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Zurn Elkay Water Solutions by 25.6% in the 3rd 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 in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Zurn Elkay Water Solutions by 138.4% in the 4th quarter. GAMMA Investing LLC now owns 937 shares of the company's stock valued at $35,000 after buying an additional 544 shares in the last quarter. 83.33% of the stock is owned by institutional investors.

Insider Buying and Selling at Zurn Elkay Water Solutions

In other Zurn Elkay Water Solutions news, CFO David J. Pauli sold 8,390 shares of the company's stock in a transaction on Friday, February 14th. The shares were 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 owns 59,410 shares in the company, valued at approximately $2,107,272.70. The trade was a 12.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Aimee Katz sold 8,912,500 shares of the business's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $33.60, for a total transaction of $299,460,000.00. Following the completion of the transaction, the insider now directly owns 15,002,819 shares of the company's stock, valued at $504,094,718.40. This trade represents a 37.27 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ZWS. Robert W. Baird lowered their target price on shares of Zurn Elkay Water Solutions from $42.00 to $39.00 and set a "neutral" rating on the stock in a report on Thursday. BNP Paribas lowered shares of Zurn Elkay Water Solutions from an "outperform" rating to a "neutral" rating and set a $29.00 target price on the stock. in a report on Wednesday, April 9th. Stifel Nicolaus upped their target price on shares of Zurn Elkay Water Solutions from $34.00 to $39.00 and gave the stock a "buy" rating in a report on Thursday. Finally, The Goldman Sachs Group lowered their target price on shares of Zurn Elkay Water Solutions from $39.00 to $34.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Zurn Elkay Water Solutions currently has an average rating of "Hold" and an average price target of $36.43.

Zurn Elkay Water Solutions Trading Down 0.4 %

ZWS stock traded down $0.15 during trading on Monday, hitting $33.71. The company had a trading volume of 926,985 shares, compared to its average volume of 1,124,595. The company has a quick ratio of 1.81, a current ratio of 2.91 and a debt-to-equity ratio of 0.31. The firm has a 50-day moving average price of $32.61 and a 200-day moving average price of $36.20. Zurn Elkay Water Solutions Co. has a 12 month low of $27.74 and a 12 month high of $41.15. The stock has a market cap of $5.69 billion, a price-to-earnings ratio of 36.64, a PEG ratio of 2.01 and a beta of 1.08.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.02. Zurn Elkay Water Solutions had a net margin of 10.23% and a return on equity of 14.03%. The firm had revenue of $388.80 million during the quarter, compared to analysts' expectations of $383.87 million. During the same quarter in the previous year, the company posted $0.29 EPS. As a group, analysts predict that Zurn Elkay Water Solutions Co. will post 1.36 earnings per share for the current year.

Zurn Elkay Water Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Thursday, February 20th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Thursday, February 20th. Zurn Elkay Water Solutions's payout ratio is 36.36%.

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.