Janney Montgomery Scott LLC Has $7.52 Million Position in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Janney Montgomery Scott LLC decreased its holdings in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 201,515 shares of the company's stock after selling 7,694 shares during the quarter. Janney Montgomery Scott LLC owned about 0.12% of Zurn Elkay Water Solutions worth $7,517,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Quarry LP grew its holdings 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 during the period. GAMMA Investing LLC boosted its position 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 purchasing an additional 544 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Zurn Elkay Water Solutions during the third quarter worth $36,000. Tsfg LLC bought a new stake in Zurn Elkay Water Solutions in the fourth quarter valued at about $56,000. Finally, KBC Group NV lifted its stake in Zurn Elkay Water Solutions by 20.9% in the third quarter. KBC Group NV now owns 3,978 shares of the company's stock valued at $143,000 after buying an additional 688 shares during the period. 83.33% of the stock is owned by institutional investors.

Zurn Elkay Water Solutions Stock Up 0.5 %

ZWS traded up $0.19 during trading on Friday, reaching $39.49. The company had a trading volume of 797,691 shares, compared to its average volume of 790,856. The company has a market cap of $6.70 billion, a P/E ratio of 49.99, a PEG ratio of 1.81 and a beta of 1.15. Zurn Elkay Water Solutions Co. has a 12 month low of $28.25 and a 12 month high of $41.15. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.70 and a quick ratio of 1.71. The business's fifty day moving average price is $38.57 and its 200 day moving average price is $35.78.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last posted 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. The business had revenue of $410.00 million for the quarter, compared to analysts' expectations of $406.15 million. Zurn Elkay Water Solutions had a net margin of 8.87% and a return on equity of 13.30%. The firm's revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.29 EPS. Equities analysts anticipate that Zurn Elkay Water Solutions Co. will post 1.24 EPS for the current year.

Zurn Elkay Water Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Thursday, February 20th will be given a dividend of $0.09 per share. The ex-dividend date is Thursday, February 20th. This represents a $0.36 annualized dividend and a dividend yield of 0.91%. Zurn Elkay Water Solutions's dividend payout ratio is currently 45.57%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Oppenheimer upped their price target on 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. Robert W. Baird upped their target price on shares of Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. Stifel Nicolaus lifted 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 report on Friday, January 24th. Finally, Mizuho upped their price objective on shares of Zurn Elkay Water Solutions from $34.00 to $37.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $38.67.

Insider Buying and Selling

In related news, VP Jeffrey J. Lavalle sold 3,132 shares of the firm's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $39.15, for a total value of $122,617.80. Following the completion of the transaction, the vice president now owns 35,422 shares of the company's stock, valued at approximately $1,386,771.30. This trade represents a 8.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Todd A. Adams sold 120,000 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was 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 in the company, valued at $89,333,392.61. This trade represents a 5.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 127,202 shares of company stock worth $5,061,558. 3.80% of the stock is owned by corporate insiders.

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.