Zurn Elkay Water Solutions Co. (NYSE:ZWS) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its holdings in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,489,299 shares of the company's stock after selling 255,831 shares during the quarter. Vanguard Group Inc. owned about 9.13% of Zurn Elkay Water Solutions worth $577,751,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Barclays PLC boosted its holdings in shares of Zurn Elkay Water Solutions by 85.7% during the 3rd quarter. Barclays PLC now owns 304,731 shares of the company's stock worth $10,952,000 after purchasing an additional 140,624 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Zurn Elkay Water Solutions by 49.6% during the third quarter. Principal Financial Group Inc. now owns 2,619,953 shares of the company's stock worth $94,161,000 after buying an additional 868,748 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Zurn Elkay Water Solutions by 25.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,615,944 shares of the company's stock worth $58,077,000 after acquiring an additional 329,563 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Zurn Elkay Water Solutions by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 3,256,457 shares of the company's stock worth $117,060,000 after acquiring an additional 35,570 shares during the period. Finally, Perpetual Ltd raised its holdings in shares of Zurn Elkay Water Solutions by 8.4% during the 4th quarter. Perpetual Ltd now owns 214,189 shares of the company's stock worth $7,989,000 after acquiring an additional 16,520 shares during the period. Hedge funds and other institutional investors own 83.33% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms have weighed in on ZWS. Stifel Nicolaus boosted their target price on shares of Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the company a "hold" rating in a report on Friday, January 24th. The Goldman Sachs Group decreased their price objective on Zurn Elkay Water Solutions from $39.00 to $34.00 and set a "neutral" rating on the stock in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $37.67.

Zurn Elkay Water Solutions Trading Down 8.5 %

Shares of NYSE:ZWS traded down $2.83 during mid-day trading on Thursday, reaching $30.66. 1,372,832 shares of the company were exchanged, compared to its average volume of 1,084,861. The firm has a market cap of $5.17 billion, a price-to-earnings ratio of 33.32, a P/E/G ratio of 2.01 and a beta of 1.16. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.91 and a quick ratio of 1.81. Zurn Elkay Water Solutions Co. has a 1 year low of $28.25 and a 1 year high of $41.15. The firm's 50-day simple moving average is $35.57 and its 200 day simple moving average is $36.89.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.04. Zurn Elkay Water Solutions had a return on equity of 14.03% and a net margin of 10.23%. Equities research analysts forecast that Zurn Elkay Water Solutions Co. will post 1.36 EPS for the current year.

Zurn Elkay Water Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Thursday, February 20th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.17%. The ex-dividend date was Thursday, February 20th. Zurn Elkay Water Solutions's payout ratio is 39.13%.

Insider Activity at Zurn Elkay Water Solutions

In other news, CFO David J. Pauli sold 8,390 shares of the company's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $35.47, for a total transaction of $297,593.30. Following the sale, the chief financial officer now owns 59,410 shares of the company's stock, valued at approximately $2,107,272.70. This represents a 12.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Aimee Katz sold 8,912,500 shares of Zurn Elkay Water Solutions stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $33.60, for a total value of $299,460,000.00. Following the completion of the transaction, the insider now owns 15,002,819 shares of the company's stock, valued at approximately $504,094,718.40. This trade represents a 37.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.60% of the company's stock.

About Zurn Elkay Water Solutions

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.