Semanteon Capital Management LP Sells 29,485 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Semanteon Capital Management LP decreased its position in Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) by 76.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,081 shares of the company's stock after selling 29,485 shares during the quarter. Semanteon Capital Management LP's holdings in Zurn Elkay Water Solutions were worth $326,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Tortoise Investment Management LLC boosted its holdings in Zurn Elkay Water Solutions by 76.7% during the second quarter. Tortoise Investment Management LLC now owns 859 shares of the company's stock worth $25,000 after purchasing an additional 373 shares during the last quarter. Quarry LP boosted its stake in shares of 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 buying an additional 536 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Zurn Elkay Water Solutions in the 2nd quarter valued at about $29,000. V Square Quantitative Management LLC acquired a new stake in shares of Zurn Elkay Water Solutions in the third quarter valued at about $36,000. Finally, Whittier Trust Co. of Nevada Inc. increased its position in shares of Zurn Elkay Water Solutions by 732.4% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,440 shares of the company's stock valued at $42,000 after acquiring an additional 1,267 shares during the last quarter. 83.33% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ZWS. Stifel Nicolaus raised their price target on Zurn Elkay Water Solutions from $34.00 to $36.00 and gave the company a "hold" rating in a research note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft raised their target price on shares of 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. Finally, Oppenheimer upped their price target on shares of Zurn Elkay Water Solutions from $37.00 to $40.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 22nd. Three equities research 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 has a consensus rating of "Moderate Buy" and a consensus price target of $37.40.

Insider Transactions at Zurn Elkay Water Solutions

In other news, Director Timothy J. Jahnke sold 4,086 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $33.01, for a total transaction of $134,878.86. Following the transaction, the director now owns 389,399 shares in the company, valued at approximately $12,854,060.99. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Timothy J. Jahnke sold 4,086 shares of the business's stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $33.01, for a total value of $134,878.86. Following the completion of the sale, the director now owns 389,399 shares of the company's stock, valued at approximately $12,854,060.99. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Timothy J. Jahnke sold 15,600 shares of the firm's stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $33.03, for a total transaction of $515,268.00. Following the transaction, the director now directly owns 385,017 shares in the company, valued at approximately $12,717,111.51. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,572 shares of company stock worth $3,473,472 over the last quarter. Company insiders own 3.00% of the company's stock.

Zurn Elkay Water Solutions Stock Performance

Shares of ZWS stock traded down $0.14 during trading on Tuesday, reaching $35.92. 1,397,017 shares of the company's stock were exchanged, compared to its average volume of 1,117,730. Zurn Elkay Water Solutions Co. has a twelve month low of $25.54 and a twelve month high of $38.11. The firm's fifty day moving average price is $34.29 and its 200-day moving average price is $32.20. The company has a quick ratio of 1.75, a current ratio of 2.84 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $6.14 billion, a PE ratio of 46.23, a PEG ratio of 1.94 and a beta of 1.14.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.31 by $0.02. The firm had revenue of $412.00 million for the quarter, compared to the consensus estimate of $409.14 million. Zurn Elkay Water Solutions had a net margin of 8.80% and a return on equity of 12.82%. The company's quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.24 earnings per share. As a group, sell-side analysts anticipate that Zurn Elkay Water Solutions Co. will post 1.21 EPS for the current year.

Zurn Elkay Water Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Wednesday, November 20th will be given a dividend of $0.09 per share. The ex-dividend date is Wednesday, November 20th. This is an increase from Zurn Elkay Water Solutions's previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 1.00%. Zurn Elkay Water Solutions's dividend payout ratio (DPR) is 41.03%.

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.