Teachers Retirement System of The State of Kentucky Has $1.67 Million Stock Holdings in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Teachers Retirement System of The State of Kentucky decreased its position in Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) by 28.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 44,700 shares of the company's stock after selling 17,591 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Zurn Elkay Water Solutions were worth $1,668,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC boosted its stake in Zurn Elkay Water Solutions by 85.7% during the 3rd quarter. Barclays PLC now owns 304,731 shares of the company's stock valued at $10,952,000 after purchasing an additional 140,624 shares in the last quarter. Virtu Financial LLC acquired a new position in Zurn Elkay Water Solutions in the third quarter worth approximately $234,000. Principal Financial Group Inc. lifted its position in shares of Zurn Elkay Water Solutions by 49.6% during the 3rd quarter. Principal Financial Group Inc. now owns 2,619,953 shares of the company's stock valued at $94,161,000 after acquiring an additional 868,748 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Zurn Elkay Water Solutions by 25.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,615,944 shares of the company's stock worth $58,077,000 after acquiring an additional 329,563 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Zurn Elkay Water Solutions by 138.4% in the 4th quarter. GAMMA Investing LLC now owns 937 shares of the company's stock worth $35,000 after acquiring an additional 544 shares during the last quarter. Institutional investors own 83.33% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Stifel Nicolaus boosted their price objective on Zurn Elkay Water Solutions from $34.00 to $39.00 and gave the stock a "buy" rating in a 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 price objective on the stock. in a research report on Wednesday, April 9th. The Goldman Sachs Group reduced their target price on Zurn Elkay Water Solutions from $39.00 to $34.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. Finally, Robert W. Baird reduced their price objective on 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. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $36.43.

Zurn Elkay Water Solutions Stock Performance

ZWS traded up $0.76 during trading on Friday, reaching $35.19. 158,576 shares of the company's stock were exchanged, compared to its average volume of 1,085,946. The company has a market capitalization of $5.92 billion, a P/E ratio of 38.26, a PEG ratio of 2.01 and a beta of 1.08. The company has a quick ratio of 1.81, a current ratio of 2.91 and a debt-to-equity ratio of 0.31. Zurn Elkay Water Solutions Co. has a fifty-two week low of $27.74 and a fifty-two week high of $41.15. The business has a 50 day moving average price of $32.56 and a 200 day moving average price of $36.16.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate 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 net margin of 10.23% and a return on equity of 14.03%. During the same quarter in the prior year, the firm earned $0.29 EPS. As a group, analysts predict 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 firm 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. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.02%. Zurn Elkay Water Solutions's dividend payout ratio is 36.36%.

Insider Transactions at Zurn Elkay Water Solutions

In other news, CFO David J. Pauli sold 8,390 shares of the firm's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $35.47, for a total transaction of $297,593.30. Following the sale, the chief financial officer now owns 59,410 shares of the company's stock, valued at $2,107,272.70. This trade represents a 12.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Aimee Katz sold 8,912,500 shares of the company's stock in a transaction 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 transaction, the insider now directly owns 15,002,819 shares of the company's stock, valued at approximately $504,094,718.40. The trade was a 37.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.60% of the stock is owned by company insiders.

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.