International Assets Investment Management LLC Purchases 29,412 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS)

International Assets Investment Management LLC increased its holdings in Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) by 51,600.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,469 shares of the company's stock after buying an additional 29,412 shares during the period. International Assets Investment Management LLC's holdings in Zurn Elkay Water Solutions were worth $867,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in ZWS. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Zurn Elkay Water Solutions by 145.1% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,210,447 shares of the company's stock worth $202,037,000 after buying an additional 4,268,785 shares in the last quarter. Raymond James & Associates raised its stake in Zurn Elkay Water Solutions by 1,622.8% in the 4th quarter. Raymond James & Associates now owns 1,244,205 shares of the company's stock valued at $36,592,000 after purchasing an additional 1,171,985 shares during the last quarter. Epoch Investment Partners Inc. raised its stake in Zurn Elkay Water Solutions by 199.2% in the 3rd quarter. Epoch Investment Partners Inc. now owns 302,491 shares of the company's stock valued at $8,476,000 after purchasing an additional 201,394 shares during the last quarter. Deutsche Bank AG raised its stake in Zurn Elkay Water Solutions by 142.0% in the 3rd quarter. Deutsche Bank AG now owns 333,909 shares of the company's stock valued at $9,356,000 after purchasing an additional 195,954 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in Zurn Elkay Water Solutions by 21.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,080,000 shares of the company's stock valued at $30,415,000 after purchasing an additional 191,000 shares during the last quarter. 83.33% of the stock is currently owned by hedge funds and other institutional investors.

Zurn Elkay Water Solutions Stock Performance

NYSE ZWS traded down $0.63 during trading hours on Wednesday, hitting $32.12. The company had a trading volume of 1,756,206 shares, compared to its average volume of 983,060. Zurn Elkay Water Solutions Co. has a fifty-two week low of $20.06 and a fifty-two week high of $34.58. The company has a quick ratio of 1.77, a current ratio of 3.02 and a debt-to-equity ratio of 0.31. The business has a fifty day simple moving average of $31.94 and a 200-day simple moving average of $29.98. The firm has a market cap of $5.56 billion, a P/E ratio of 49.42, a price-to-earnings-growth ratio of 1.78 and a beta of 1.22.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.03. Zurn Elkay Water Solutions had a return on equity of 10.75% and a net margin of 7.36%. The firm had revenue of $374.00 million for the quarter, compared to analyst estimates of $369.43 million. During the same period last year, the company earned $0.18 earnings per share. The firm's revenue for the quarter was up .5% on a year-over-year basis. Equities analysts predict that Zurn Elkay Water Solutions Co. will post 1.15 EPS for the current year.

Zurn Elkay Water Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Tuesday, February 20th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend was Friday, February 16th. Zurn Elkay Water Solutions's dividend payout ratio (DPR) is 49.23%.

Insider Activity at Zurn Elkay Water Solutions

In related news, insider Michael Troutman sold 897 shares of the firm's stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $30.70, for a total transaction of $27,537.90. Following the completion of the transaction, the insider now owns 43,026 shares of the company's stock, valued at $1,320,898.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Todd A. Adams sold 129,604 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $33.06, for a total value of $4,284,708.24. Following the completion of the transaction, the chief executive officer now owns 1,828,550 shares in the company, valued at approximately $60,451,863. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Troutman sold 897 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $30.70, for a total value of $27,537.90. Following the completion of the transaction, the insider now owns 43,026 shares of the company's stock, valued at approximately $1,320,898.20. The disclosure for this sale can be found here. Insiders sold 741,506 shares of company stock valued at $23,964,936 over the last 90 days. 3.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ZWS. Mizuho downgraded shares of Zurn Elkay Water Solutions from a "buy" rating to a "neutral" rating and set a $34.00 target price for the company. in a research note on Friday, February 9th. BNP Paribas initiated coverage on Zurn Elkay Water Solutions in a report on Tuesday, March 12th. They issued an "outperform" rating and a $40.00 price target for the company. Finally, Oppenheimer increased their target price on Zurn Elkay Water Solutions from $36.00 to $37.00 and gave the company an "outperform" rating in a research note on Friday, April 12th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $32.75.

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.