14,985 Shares in Zurn Elkay Water Solutions Co. (NYSE:ZWS) Bought by Fernwood Investment Management LLC

Fernwood Investment Management LLC purchased a new position in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 14,985 shares of the company's stock, valued at approximately $539,000.

Several other hedge funds and other institutional investors have also made changes to their positions in ZWS. Bleakley Financial Group LLC increased its position in Zurn Elkay Water Solutions by 1.3% during the 3rd quarter. Bleakley Financial Group LLC now owns 20,871 shares of the company's stock worth $750,000 after purchasing an additional 269 shares in the last quarter. Tortoise Investment Management LLC increased its position in Zurn Elkay Water Solutions by 76.7% during the 2nd quarter. Tortoise Investment Management LLC now owns 859 shares of the company's stock worth $25,000 after purchasing an additional 373 shares in the last quarter. MJP Associates Inc. ADV increased its position in Zurn Elkay Water Solutions by 5.5% during the 2nd quarter. MJP Associates Inc. ADV now owns 10,214 shares of the company's stock worth $300,000 after purchasing an additional 534 shares in the last quarter. Quarry LP increased its position 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 purchasing an additional 536 shares in the last quarter. Finally, Arizona State Retirement System increased its position in Zurn Elkay Water Solutions by 1.4% during the 2nd quarter. Arizona State Retirement System now owns 40,929 shares of the company's stock worth $1,203,000 after purchasing an additional 561 shares in the last quarter. Institutional investors and hedge funds own 83.33% of the company's stock.

Insider Buying and Selling at Zurn Elkay Water Solutions

In other Zurn Elkay Water Solutions news, VP Sudhanshu Chhabra sold 52,851 shares of the company's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $32.55, for a total value of $1,720,300.05. Following the transaction, the vice president now directly owns 80,151 shares of the company's stock, valued at $2,608,915.05. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, VP Sudhanshu Chhabra sold 52,851 shares of the business's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $32.55, for a total value of $1,720,300.05. Following the completion of the sale, the vice president now directly owns 80,151 shares in the company, valued at approximately $2,608,915.05. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Timothy J. Jahnke sold 10,035 shares of the business's stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $35.00, for a total value of $351,225.00. Following the completion of the sale, the director now owns 374,982 shares of the company's stock, valued at $13,124,370. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 98,486 shares of company stock valued at $3,338,593 in the last three months. Corporate insiders own 3.80% of the company's stock.

Zurn Elkay Water Solutions Stock Up 2.7 %

Zurn Elkay Water Solutions stock traded up $0.98 during midday trading on Friday, hitting $37.08. 1,023,819 shares of the company were exchanged, compared to its average volume of 1,147,859. The company's fifty day moving average price is $34.66 and its 200-day moving average price is $32.33. The company has a market cap of $6.29 billion, a PE ratio of 46.94, a price-to-earnings-growth ratio of 1.92 and a beta of 1.14. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.70 and a quick ratio of 1.75. Zurn Elkay Water Solutions Co. has a fifty-two week low of $27.55 and a fifty-two week high of $38.11.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last announced its earnings results on Tuesday, October 29th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company 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 posted $0.29 EPS. Zurn Elkay Water Solutions's quarterly revenue was up 2.9% on a year-over-year basis. On average, research analysts predict that Zurn Elkay Water Solutions Co. will post 1.23 EPS for the current fiscal year.

Zurn Elkay Water Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Wednesday, November 20th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.97%. This is a positive change from Zurn Elkay Water Solutions's previous quarterly dividend of $0.08. The ex-dividend date is Wednesday, November 20th. Zurn Elkay Water Solutions's dividend payout ratio is presently 45.57%.

Analyst Upgrades and Downgrades

ZWS has been the subject of several recent analyst reports. Oppenheimer lifted their price target on Zurn Elkay Water Solutions from $37.00 to $40.00 and gave the company an "outperform" rating in a report on Tuesday, October 22nd. Robert W. Baird lifted their price objective on Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the company a "neutral" rating in a research note on Thursday. Mizuho lifted their price objective on Zurn Elkay Water Solutions from $34.00 to $37.00 and gave the company a "neutral" rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft lifted 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. Finally, Stifel Nicolaus lifted their price objective 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. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Zurn Elkay Water Solutions currently has a consensus rating of "Hold" and a consensus price target of $38.17.

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.