Duff & Phelps Investment Management Co. Buys 34,574 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Duff & Phelps Investment Management Co. raised its position in Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) by 10.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 367,857 shares of the company's stock after acquiring an additional 34,574 shares during the period. Duff & Phelps Investment Management Co. owned about 0.22% of Zurn Elkay Water Solutions worth $13,721,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Barclays PLC raised its stake in shares of Zurn Elkay Water Solutions by 85.7% in the third 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. Principal Financial Group Inc. increased its holdings in Zurn Elkay Water Solutions by 49.6% in the 3rd quarter. Principal Financial Group Inc. now owns 2,619,953 shares of the company's stock valued at $94,161,000 after buying an additional 868,748 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Zurn Elkay Water Solutions by 25.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,615,944 shares of the company's stock valued at $58,077,000 after buying an additional 329,563 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Zurn Elkay Water Solutions by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 3,256,457 shares of the company's stock worth $117,060,000 after acquiring an additional 35,570 shares during the period. Finally, Public Sector Pension Investment Board acquired a new stake in shares of Zurn Elkay Water Solutions during the 3rd quarter valued at about $10,947,000. Institutional investors own 83.33% of the company's stock.

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Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus raised their price target on shares of 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Zurn Elkay Water Solutions has a consensus rating of "Hold" and an average price target of $38.40.

Insiders Place Their Bets

In related news, CFO David J. Pauli sold 8,390 shares of the firm'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 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 value of $299,460,000.00. Following the transaction, the insider now directly owns 15,002,819 shares in the company, valued at approximately $504,094,718.40. This represents a 37.27 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.60% of the company's stock.

Zurn Elkay Water Solutions Price Performance

Shares of Zurn Elkay Water Solutions stock traded up $0.07 during mid-day trading on Monday, reaching $33.03. 464,757 shares of the stock were exchanged, compared to its average volume of 1,082,050. Zurn Elkay Water Solutions Co. has a fifty-two week low of $28.25 and a fifty-two week high of $41.15. The company has a market cap of $5.57 billion, a price-to-earnings ratio of 35.96, a price-to-earnings-growth ratio of 2.01 and a beta of 1.16. The firm has a 50-day simple moving average of $35.89 and a 200 day simple moving average of $36.91. The company has a current ratio of 2.91, a quick ratio of 1.81 and a debt-to-equity ratio of 0.31.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.04. Zurn Elkay Water Solutions had a net margin of 10.23% and a return on equity of 14.03%. On average, sell-side analysts predict that Zurn Elkay Water Solutions Co. will post 1.36 EPS for the current fiscal year.

Zurn Elkay Water Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Thursday, February 20th were given a $0.09 dividend. The ex-dividend date was Thursday, February 20th. This represents a $0.36 annualized dividend and a yield of 1.09%. Zurn Elkay Water Solutions's payout ratio is 39.13%.

Zurn Elkay Water Solutions Profile

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.