Deutsche Bank AG Purchases 16,892 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Deutsche Bank AG grew its position in Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) by 11.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 165,150 shares of the company's stock after purchasing an additional 16,892 shares during the period. Deutsche Bank AG owned approximately 0.10% of Zurn Elkay Water Solutions worth $6,160,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Barclays PLC boosted its position in Zurn Elkay Water Solutions by 85.7% during the 3rd quarter. Barclays PLC now owns 304,731 shares of the company's stock worth $10,952,000 after acquiring an additional 140,624 shares during the last quarter. Perpetual Ltd boosted its position in Zurn Elkay Water Solutions by 8.4% during the 4th quarter. Perpetual Ltd now owns 214,189 shares of the company's stock worth $7,989,000 after acquiring an additional 16,520 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in Zurn Elkay Water Solutions during the 4th quarter worth approximately $556,000. Crescent Grove Advisors LLC boosted its position in Zurn Elkay Water Solutions by 5.7% during the 4th quarter. Crescent Grove Advisors LLC now owns 2,435,447 shares of the company's stock worth $90,842,000 after acquiring an additional 130,732 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in Zurn Elkay Water Solutions by 986.9% during the 4th quarter. Exchange Traded Concepts LLC now owns 26,237 shares of the company's stock worth $979,000 after acquiring an additional 23,823 shares during the last quarter. 83.33% of the stock is currently owned by institutional investors.

Zurn Elkay Water Solutions Stock Down 0.5%

Shares of NYSE ZWS traded down $0.20 during trading hours on Friday, hitting $35.55. The company had a trading volume of 601,925 shares, compared to its average volume of 1,128,084. The stock has a market capitalization of $5.98 billion, a P/E ratio of 38.64, a price-to-earnings-growth ratio of 2.01 and a beta of 1.02. The company has a quick ratio of 1.81, a current ratio of 2.91 and a debt-to-equity ratio of 0.31. Zurn Elkay Water Solutions Co. has a 1-year low of $27.74 and a 1-year high of $41.15. The firm's 50 day moving average is $33.16 and its 200-day moving average is $36.08.

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

Zurn Elkay Water Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Tuesday, May 20th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Tuesday, May 20th. Zurn Elkay Water Solutions's dividend payout ratio (DPR) is presently 36.36%.

Analyst Ratings Changes

A number of equities analysts have weighed in on ZWS shares. BNP Paribas downgraded Zurn Elkay Water Solutions from an "outperform" rating to a "neutral" rating and set a $29.00 price target for the company. in a research report on Wednesday, April 9th. Mizuho set a $36.00 price target on Zurn Elkay Water Solutions in a research report on Friday, May 16th. The Goldman Sachs Group reduced their price target on Zurn Elkay Water Solutions from $39.00 to $34.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Robert W. Baird reduced their price target on Zurn Elkay Water Solutions from $42.00 to $39.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Finally, Stifel Nicolaus increased their price objective on Zurn Elkay Water Solutions from $34.00 to $39.00 and gave the company a "buy" rating in a report on Thursday, April 24th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Zurn Elkay Water Solutions currently has an average rating of "Hold" and an average target price of $36.29.

Insider Activity at Zurn Elkay Water Solutions

In related news, VP Sudhanshu Chhabra sold 25,921 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $37.19, for a total value of $964,001.99. Following the sale, the vice president now owns 94,132 shares in the company, valued at approximately $3,500,769.08. This represents a 21.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David J. Pauli sold 2,706 shares of the stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $37.11, for a total value of $100,419.66. Following the completion of the sale, the chief financial officer now owns 60,772 shares in the company, valued at approximately $2,255,248.92. This trade represents a 4.26% decrease in their position. The disclosure for this sale can be found here. 2.60% of the stock is owned by company insiders.

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.