Janus Henderson Group PLC Purchases 245,258 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Janus Henderson Group PLC lifted its position in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) by 6.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,006,596 shares of the company's stock after buying an additional 245,258 shares during the quarter. Janus Henderson Group PLC owned approximately 2.36% of Zurn Elkay Water Solutions worth $149,444,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Barclays PLC lifted its holdings in Zurn Elkay Water Solutions by 85.7% in the 3rd quarter. Barclays PLC now owns 304,731 shares of the company's stock worth $10,952,000 after purchasing an additional 140,624 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Zurn Elkay Water Solutions by 138.4% in the fourth quarter. GAMMA Investing LLC now owns 937 shares of the company's stock worth $35,000 after buying an additional 544 shares in the last quarter. Tsfg LLC bought a new position in shares of Zurn Elkay Water Solutions during the fourth quarter worth $56,000. Fifth Third Wealth Advisors LLC bought a new position in shares of Zurn Elkay Water Solutions during the fourth quarter worth $247,000. Finally, Crossmark Global Holdings Inc. purchased a new position in Zurn Elkay Water Solutions during the fourth quarter valued at $556,000. Institutional investors own 83.33% of the company's stock.

Insider Transactions at Zurn Elkay Water Solutions

In other Zurn Elkay Water Solutions news, 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 sale, the chief financial officer now owns 60,772 shares of the company's stock, valued at $2,255,248.92. This trade represents a 4.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Sudhanshu Chhabra sold 25,921 shares of the company's stock in a transaction that occurred 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 transaction, the vice president now directly owns 94,132 shares in the company, valued at approximately $3,500,769.08. This represents a 21.59% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.60% of the company's stock.

Wall Street Analyst Weigh In

ZWS has been the topic of several research analyst reports. The Goldman Sachs Group decreased their price target on shares of 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. BNP Paribas downgraded 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. Robert W. Baird cut their price target on Zurn Elkay Water Solutions from $42.00 to $39.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Finally, Stifel Nicolaus lifted 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. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $36.43.

Zurn Elkay Water Solutions Trading Up 1.6%

NYSE ZWS traded up $0.61 during trading hours on Friday, hitting $37.61. 704,835 shares of the company were exchanged, compared to its average volume of 1,128,321. Zurn Elkay Water Solutions Co. has a 52 week low of $27.74 and a 52 week high of $41.15. 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 stock has a 50-day moving average price of $32.74 and a 200 day moving average price of $36.09. The stock has a market cap of $6.33 billion, a PE ratio of 40.88, a price-to-earnings-growth ratio of 2.01 and a beta of 1.02.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last released its earnings results 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 firm had revenue of $388.80 million for 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 previous year, the company posted $0.29 EPS. Analysts forecast 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 company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Tuesday, May 20th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.36 annualized dividend and a dividend yield of 0.96%. Zurn Elkay Water Solutions's dividend payout ratio (DPR) is presently 36.36%.

Zurn Elkay Water Solutions 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.