Fisher Asset Management LLC Takes Position in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Fisher Asset Management LLC acquired a new stake in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 293,187 shares of the company's stock, valued at approximately $10,936,000. Fisher Asset Management LLC owned approximately 0.17% of Zurn Elkay Water Solutions at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in ZWS. GAMMA Investing LLC boosted its position in Zurn Elkay Water Solutions by 138.4% during the fourth quarter. GAMMA Investing LLC now owns 937 shares of the company's stock valued at $35,000 after purchasing an additional 544 shares in the last quarter. Tsfg LLC acquired a new stake in Zurn Elkay Water Solutions in the fourth quarter worth about $56,000. KBC Group NV raised its stake in shares of Zurn Elkay Water Solutions by 20.9% in the third quarter. KBC Group NV now owns 3,978 shares of the company's stock worth $143,000 after purchasing an additional 688 shares during the last quarter. Millburn Ridgefield Corp raised its stake in shares of Zurn Elkay Water Solutions by 1,152.5% in the third quarter. Millburn Ridgefield Corp now owns 5,173 shares of the company's stock worth $186,000 after purchasing an additional 4,760 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Zurn Elkay Water Solutions in the third quarter worth about $234,000. Institutional investors own 83.33% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus raised their price objective on Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the stock a "hold" rating in a research note on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Zurn Elkay Water Solutions presently has an average rating of "Moderate Buy" and an average price target of $38.67.

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Zurn Elkay Water Solutions Stock Performance

ZWS stock traded up $0.84 during trading on Friday, hitting $35.42. 715,894 shares of the company traded hands, compared to its average volume of 994,182. The company has a market cap of $6.02 billion, a PE ratio of 38.50, a P/E/G ratio of 2.01 and a beta of 1.16. Zurn Elkay Water Solutions Co. has a 1 year low of $28.25 and a 1 year high of $41.15. The stock's 50-day simple moving average is $36.96 and its 200 day simple moving average is $36.64. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.91 and a quick ratio of 1.81.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.32 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.04. Zurn Elkay Water Solutions had a return on equity of 14.03% and a net margin of 10.23%. On average, equities analysts expect 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 declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Thursday, February 20th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date was Thursday, February 20th. Zurn Elkay Water Solutions's dividend payout ratio is presently 39.13%.

Insider Transactions 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 on Friday, February 14th. The stock was sold at an average price of $35.47, for a total transaction of $297,593.30. Following the transaction, the chief financial officer now owns 59,410 shares of the company's stock, valued at approximately $2,107,272.70. The trade was a 12.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Aimee Katz sold 8,912,500 shares of the business's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $33.60, for a total value of $299,460,000.00. Following the transaction, the insider now directly owns 15,002,819 shares in the company, valued at $504,094,718.40. This trade represents a 37.27 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.80% of the company's stock.

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.