Zurn Elkay Water Solutions Co. (NYSE:ZWS) Shares Acquired by Global Alpha Capital Management Ltd.

Global Alpha Capital Management Ltd. grew its holdings in Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) by 23.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 92,448 shares of the company's stock after buying an additional 17,350 shares during the period. Global Alpha Capital Management Ltd. owned 0.05% of Zurn Elkay Water Solutions worth $3,323,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP raised its stake in Zurn Elkay Water Solutions by 178.7% during the 2nd quarter. Quarry LP now owns 836 shares of the company's stock worth $25,000 after acquiring an additional 536 shares in the last quarter. Tortoise Investment Management LLC raised its stake in Zurn Elkay Water Solutions by 76.7% in the 2nd quarter. Tortoise Investment Management LLC now owns 859 shares of the company's stock valued at $25,000 after purchasing an additional 373 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in Zurn Elkay Water Solutions in the 2nd quarter worth approximately $29,000. V Square Quantitative Management LLC purchased a new stake in Zurn Elkay Water Solutions during the third quarter valued at about $36,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Zurn Elkay Water Solutions by 732.4% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,440 shares of the company's stock worth $42,000 after purchasing an additional 1,267 shares in the last quarter. 83.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Zurn Elkay Water Solutions

In related news, Director Timothy J. Jahnke sold 15,600 shares of the company's stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $33.03, for a total value of $515,268.00. Following the completion of the sale, the director now directly owns 385,017 shares of the company's stock, valued at $12,717,111.51. This represents a 3.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Todd A. Adams sold 120,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $39.83, for a total transaction of $4,779,600.00. Following the sale, the chief executive officer now directly owns 2,242,867 shares of the company's stock, valued at $89,333,392.61. The trade was a 5.08 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 225,688 shares of company stock valued at $8,400,151. Insiders own 3.00% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on ZWS. Deutsche Bank Aktiengesellschaft upped their price objective on Zurn Elkay Water Solutions from $35.00 to $37.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. Oppenheimer upped their price objective on shares of Zurn Elkay Water Solutions from $37.00 to $40.00 and gave the company an "outperform" rating in a research note on Tuesday, October 22nd. Stifel Nicolaus boosted their price objective on shares of Zurn Elkay Water Solutions from $34.00 to $36.00 and gave the company a "hold" rating in a research report on Wednesday, October 16th. Mizuho raised their target price on Zurn Elkay Water Solutions from $34.00 to $37.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. Finally, Robert W. Baird boosted their price objective on Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $38.17.

Zurn Elkay Water Solutions Stock Down 0.5 %

Shares of Zurn Elkay Water Solutions stock traded down $0.20 on Wednesday, hitting $38.81. The company had a trading volume of 560,844 shares, compared to its average volume of 1,112,942. The stock has a 50 day moving average of $36.43 and a 200-day moving average of $32.94. The stock has a market capitalization of $6.59 billion, a price-to-earnings ratio of 49.38, a P/E/G ratio of 1.97 and a beta of 1.14. Zurn Elkay Water Solutions Co. has a 1 year low of $27.55 and a 1 year high of $40.64. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.71 and a current ratio of 2.70.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. Zurn Elkay Water Solutions had a return on equity of 13.30% and a net margin of 8.87%. The firm had revenue of $410.00 million for the quarter, compared to analyst estimates of $406.15 million. During the same period in the prior year, the company earned $0.29 EPS. The company's revenue was up 2.9% on a year-over-year basis. As a group, sell-side analysts forecast that Zurn Elkay Water Solutions Co. will post 1.24 earnings per share for the current year.

Zurn Elkay Water Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Wednesday, November 20th will be paid a dividend of $0.09 per share. This is an increase from Zurn Elkay Water Solutions's previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Wednesday, November 20th. Zurn Elkay Water Solutions's payout ratio is currently 45.57%.

Zurn Elkay Water Solutions Company 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.