Impact Capital Partners LLC Buys Shares of 17,419 Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Impact Capital Partners LLC bought a new position in Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 17,419 shares of the company's stock, valued at approximately $650,000.

A number of other large investors have also recently bought and sold shares of the business. Wintrust Investments LLC lifted its holdings in Zurn Elkay Water Solutions by 94.0% in the fourth quarter. Wintrust Investments LLC now owns 25,331 shares of the company's stock worth $944,000 after acquiring an additional 12,276 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of Zurn Elkay Water Solutions by 9.2% in the fourth quarter. HighTower Advisors LLC now owns 8,834 shares of the company's stock valued at $329,000 after purchasing an additional 742 shares during the period. King Luther Capital Management Corp increased its stake in shares of Zurn Elkay Water Solutions by 0.3% in the fourth quarter. King Luther Capital Management Corp now owns 169,490 shares of the company's stock valued at $6,322,000 after purchasing an additional 531 shares during the period. Tortoise Investment Management LLC increased its stake in shares of Zurn Elkay Water Solutions by 77.4% in the fourth quarter. Tortoise Investment Management LLC now owns 1,731 shares of the company's stock valued at $65,000 after purchasing an additional 755 shares during the period. Finally, Global Alpha Capital Management Ltd. increased its stake in shares of Zurn Elkay Water Solutions by 5.7% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 97,740 shares of the company's stock valued at $3,646,000 after purchasing an additional 5,292 shares during the period. Institutional investors own 83.33% of the company's stock.

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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 transaction, the chief financial officer now owns 59,410 shares of the company's stock, valued at approximately $2,107,272.70. This trade represents a 12.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Aimee Katz sold 8,912,500 shares of the firm's stock in a transaction that occurred 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 $504,094,718.40. This represents a 37.27 % decrease in their position. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by company insiders.

Zurn Elkay Water Solutions Price Performance

Shares of NYSE ZWS traded up $0.30 during mid-day trading on Monday, reaching $33.47. 789,354 shares of the company traded hands, compared to its average volume of 1,027,230. 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 debt-to-equity ratio of 0.31, a current ratio of 2.91 and a quick ratio of 1.81. The firm has a market cap of $5.69 billion, a PE ratio of 36.38, a price-to-earnings-growth ratio of 2.01 and a beta of 1.16. The stock has a fifty day simple moving average of $36.56 and a 200-day simple moving average of $36.76.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.32 earnings per share (EPS) 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%. Equities research analysts anticipate that Zurn Elkay Water Solutions Co. will post 1.36 EPS for the current fiscal year.

Zurn Elkay Water Solutions Dividend Announcement

The firm also recently declared 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 1.08%. Zurn Elkay Water Solutions's dividend payout ratio (DPR) is 39.13%.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus raised their price target on shares of Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the company a "hold" rating in a research note on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Zurn Elkay Water Solutions currently has an average rating of "Hold" and an average target price of $38.40.

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.