Price T Rowe Associates Inc. MD Has $3.62 Million Stock Holdings in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Price T Rowe Associates Inc. MD boosted its position in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) by 11.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,051 shares of the company's stock after purchasing an additional 9,795 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.06% of Zurn Elkay Water Solutions worth $3,621,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ZWS. State of Tennessee Department of Treasury boosted its stake in Zurn Elkay Water Solutions by 35.0% during the 4th quarter. State of Tennessee Department of Treasury now owns 63,845 shares of the company's stock valued at $2,381,000 after acquiring an additional 16,555 shares during the last quarter. MetLife Investment Management LLC lifted its position in shares of Zurn Elkay Water Solutions by 6.9% in the 4th quarter. MetLife Investment Management LLC now owns 87,307 shares of the company's stock worth $3,257,000 after buying an additional 5,622 shares during the last quarter. Beck Mack & Oliver LLC lifted its position in shares of Zurn Elkay Water Solutions by 0.5% in the 4th 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 last quarter. Dimensional Fund Advisors LP lifted its position in shares of Zurn Elkay Water Solutions by 8.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,155,734 shares of the company's stock worth $80,411,000 after buying an additional 164,332 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Zurn Elkay Water Solutions by 184.0% in the 4th 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 last quarter. 83.33% of the stock is owned by institutional investors and hedge funds.

Zurn Elkay Water Solutions Price Performance

Zurn Elkay Water Solutions stock traded up $0.04 during trading hours on Friday, hitting $35.21. 607,309 shares of the company traded hands, compared to its average volume of 1,128,753. The firm has a market cap of $5.92 billion, a P/E ratio of 38.27, a P/E/G 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. The firm's 50-day simple moving average is $32.54 and its two-hundred day simple moving average is $36.06. 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 announced its quarterly earnings data on Tuesday, April 22nd. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.02. Zurn Elkay Water Solutions had a net margin of 10.23% and a return on equity of 14.03%. The company had revenue of $388.80 million for the quarter, compared to analysts' expectations of $383.87 million. During the same quarter in the previous year, the company posted $0.29 EPS. As a group, analysts forecast that Zurn Elkay Water Solutions Co. will post 1.36 earnings per share for the current fiscal year.

Zurn Elkay Water Solutions Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 1.02%. Zurn Elkay Water Solutions's dividend payout ratio is currently 36.36%.

Insider Buying and Selling at Zurn Elkay Water Solutions

In other Zurn Elkay Water Solutions news, CFO David J. Pauli sold 8,390 shares of the business's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $35.47, for a total value of $297,593.30. Following the completion of the sale, the chief financial officer now directly owns 59,410 shares of the company's stock, valued at $2,107,272.70. The trade was a 12.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Aimee Katz sold 8,912,500 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $33.60, for a total transaction of $299,460,000.00. Following the completion of the sale, the insider now directly owns 15,002,819 shares of the company's stock, valued at $504,094,718.40. This represents a 37.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ZWS shares. BNP Paribas downgraded shares of Zurn Elkay Water Solutions from an "outperform" rating to a "neutral" rating and set a $29.00 price target on the stock. in a research report on Wednesday, April 9th. The Goldman Sachs Group reduced 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 report on Wednesday, April 2nd. Stifel Nicolaus raised their price target 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. Finally, Robert W. Baird cut their price objective on shares of Zurn Elkay Water Solutions from $42.00 to $39.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $36.43.

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.