Zurn Elkay Water Solutions Co. (NYSE:ZWS) Shares Sold by Visionary Wealth Advisors

Visionary Wealth Advisors reduced its holdings in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) by 17.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,626 shares of the company's stock after selling 6,700 shares during the quarter. Visionary Wealth Advisors' holdings in Zurn Elkay Water Solutions were worth $1,142,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Invesco Ltd. grew its stake in Zurn Elkay Water Solutions by 26.8% during the fourth quarter. Invesco Ltd. now owns 5,880,302 shares of the company's stock worth $219,335,000 after buying an additional 1,242,642 shares during the period. Janus Henderson Group PLC grew its stake in Zurn Elkay Water Solutions by 6.5% during the fourth quarter. Janus Henderson Group PLC now owns 4,006,596 shares of the company's stock worth $149,444,000 after buying an additional 245,258 shares during the period. First Trust Advisors LP grew its stake in Zurn Elkay Water Solutions by 184.0% during the fourth quarter. First Trust Advisors LP now owns 3,556,599 shares of the company's stock worth $132,661,000 after buying an additional 2,304,285 shares during the period. Beck Mack & Oliver LLC grew its stake in Zurn Elkay Water Solutions by 0.5% during the fourth quarter. Beck Mack & Oliver LLC now owns 3,485,566 shares of the company's stock worth $130,012,000 after buying an additional 17,090 shares during the period. Finally, Crescent Grove Advisors LLC grew its stake in Zurn Elkay Water Solutions by 5.7% during the fourth quarter. Crescent Grove Advisors LLC now owns 2,435,447 shares of the company's stock worth $90,842,000 after buying an additional 130,732 shares during the period. 83.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ZWS shares. Robert W. Baird decreased their price objective on shares of Zurn Elkay Water Solutions from $42.00 to $39.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Mizuho set a $36.00 target price on shares of Zurn Elkay Water Solutions in a research report on Friday, May 16th. Stifel Nicolaus boosted 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 research report on Thursday, April 24th. BNP Paribas cut 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 research report on Wednesday, April 9th. Finally, The Goldman Sachs Group reduced 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 research report on Wednesday, April 2nd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Zurn Elkay Water Solutions has a consensus rating of "Hold" and an average price target of $36.29.

Insider Activity at Zurn Elkay Water Solutions

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

Zurn Elkay Water Solutions Stock Down 0.5%

ZWS traded down $0.20 during trading on Friday, hitting $35.55. The company had a trading volume of 601,925 shares, compared to its average volume of 1,129,439. The company has a market cap of $5.98 billion, a PE ratio of 38.64, a P/E/G ratio of 2.01 and a beta of 1.02. The business has a 50-day moving average of $33.16 and a 200-day moving average of $36.06. 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 1-year low of $27.74 and a 1-year high of $41.15.

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

Zurn Elkay Water Solutions Dividend Announcement

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

Zurn Elkay Water Solutions Company Profile

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.