DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Buys 25,000 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) by 43.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,750 shares of the company's stock after purchasing an additional 25,000 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Zurn Elkay Water Solutions were worth $3,087,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Crestline Management LP acquired a new position in Zurn Elkay Water Solutions in the 4th quarter valued at $243,000. Cetera Investment Advisers raised its holdings in Zurn Elkay Water Solutions by 9.0% in the 4th quarter. Cetera Investment Advisers now owns 20,550 shares of the company's stock valued at $767,000 after acquiring an additional 1,704 shares in the last quarter. Brevan Howard Capital Management LP acquired a new position in Zurn Elkay Water Solutions in the 4th quarter valued at $1,139,000. Bridgefront Capital LLC acquired a new position in Zurn Elkay Water Solutions in the 4th quarter valued at $349,000. Finally, Capstone Investment Advisors LLC acquired a new position in Zurn Elkay Water Solutions in the 4th quarter valued at $221,000. 83.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Zurn Elkay Water Solutions

In other Zurn Elkay Water Solutions news, VP Sudhanshu Chhabra sold 25,921 shares of the company'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 sale, the vice president now owns 94,132 shares in the company, valued at approximately $3,500,769.08. The trade was a 21.59% decrease in their position. The transaction was disclosed in a 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 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 in the company, valued at $2,255,248.92. This trade represents a 4.26% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. BNP Paribas lowered 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 note on Wednesday, April 9th. Stifel Nicolaus lifted their price target on Zurn Elkay Water Solutions from $34.00 to $39.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Robert W. Baird decreased their price target 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. Finally, The Goldman Sachs Group decreased their price target 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. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $36.43.

Zurn Elkay Water Solutions Price Performance

ZWS stock traded up $0.43 during midday trading on Friday, reaching $37.43. 196,488 shares of the stock were exchanged, compared to its average volume of 1,051,751. The stock has a market capitalization of $6.30 billion, a PE ratio of 40.68, a P/E/G ratio of 2.01 and a beta of 1.02. 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 debt-to-equity ratio of 0.31, a current ratio of 2.91 and a quick ratio of 1.81. The company has a fifty day moving average price of $32.74 and a 200 day moving average price of $36.09.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.02. The business had revenue of $388.80 million for the quarter, compared to analyst estimates 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. As a group, analysts expect that Zurn Elkay Water Solutions Co. will post 1.36 EPS 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 given a dividend of $0.09 per share. The ex-dividend date is Tuesday, May 20th. This represents a $0.36 dividend on an annualized basis and a yield of 0.96%. Zurn Elkay Water Solutions's dividend payout ratio is currently 36.36%.

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.