Fort Washington Investment Advisors Inc. OH Acquires 166,080 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Fort Washington Investment Advisors Inc. OH raised its position in Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) by 45.2% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 533,849 shares of the company's stock after buying an additional 166,080 shares during the period. Fort Washington Investment Advisors Inc. OH owned about 0.32% of Zurn Elkay Water Solutions worth $17,606,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of ZWS. Atala Financial Inc bought a new position in Zurn Elkay Water Solutions in the 4th quarter valued at $44,000. Tortoise Investment Management LLC boosted its position in Zurn Elkay Water Solutions by 77.4% in the 4th quarter. Tortoise Investment Management LLC now owns 1,731 shares of the company's stock valued at $65,000 after buying an additional 755 shares during the last quarter. Caisse Des Depots ET Consignations acquired a new position in shares of Zurn Elkay Water Solutions in the 4th quarter valued at $82,000. Central Pacific Bank Trust Division lifted its stake in shares of Zurn Elkay Water Solutions by 31.0% in the 1st quarter. Central Pacific Bank Trust Division now owns 4,400 shares of the company's stock valued at $145,000 after purchasing an additional 1,040 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of Zurn Elkay Water Solutions by 7.4% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,984 shares of the company's stock valued at $205,000 after purchasing an additional 344 shares during the period. 83.33% of the stock is currently owned by institutional investors.

Insider Activity

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

Zurn Elkay Water Solutions Stock Up 0.9%

ZWS stock traded up $0.31 during trading hours on Monday, reaching $35.52. 557,981 shares of the stock were exchanged, compared to its average volume of 1,109,197. The firm's 50-day moving average is $34.40 and its 200-day moving average is $35.67. The company has a market cap of $5.98 billion, a price-to-earnings ratio of 38.60, a PEG ratio of 2.01 and a beta of 1.00. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.91 and a quick ratio of 1.81. Zurn Elkay Water Solutions Co. has a 12 month low of $27.74 and a 12 month high of $41.15.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $0.31 earnings per share 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 analysts' expectations 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 last year, the company earned $0.29 EPS. On average, equities research analysts expect that Zurn Elkay Water Solutions Co. will post 1.36 earnings per share for the current year.

Zurn Elkay Water Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Tuesday, May 20th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Tuesday, May 20th. Zurn Elkay Water Solutions's payout ratio is 36.36%.

Analyst Upgrades and Downgrades

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

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.