Wintrust Investments LLC Acquires 12,276 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Wintrust Investments LLC boosted its position in Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) by 94.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,331 shares of the company's stock after acquiring an additional 12,276 shares during the period. Zurn Elkay Water Solutions accounts for 0.8% of Wintrust Investments LLC's portfolio, making the stock its 27th largest position. Wintrust Investments LLC's holdings in Zurn Elkay Water Solutions were worth $944,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in Zurn Elkay Water Solutions by 138.4% during the fourth quarter. GAMMA Investing LLC now owns 937 shares of the company's stock valued at $35,000 after purchasing an additional 544 shares during the last quarter. Tsfg LLC bought a new position in shares of Zurn Elkay Water Solutions in the fourth quarter valued at $56,000. Tortoise Investment Management LLC increased its holdings in Zurn Elkay Water Solutions by 77.4% during the fourth quarter. Tortoise Investment Management LLC now owns 1,731 shares of the company's stock worth $65,000 after buying an additional 755 shares during the last quarter. KBC Group NV increased its stake in shares of Zurn Elkay Water Solutions by 20.9% during the 3rd quarter. KBC Group NV now owns 3,978 shares of the company's stock worth $143,000 after purchasing an additional 688 shares during the last quarter. Finally, Millburn Ridgefield Corp raised its stake in Zurn Elkay Water Solutions by 1,152.5% in the third quarter. Millburn Ridgefield Corp now owns 5,173 shares of the company's stock valued at $186,000 after buying an additional 4,760 shares during the period. 83.33% of the stock is currently owned by institutional investors and hedge funds.

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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 stock a "hold" rating in a research report on Friday, January 24th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $38.40.

Zurn Elkay Water Solutions Stock Up 0.9 %

Shares of NYSE ZWS traded up $0.30 during midday trading on Monday, hitting $33.47. 789,354 shares of the stock traded hands, compared to its average volume of 1,027,230. The company has a market cap of $5.69 billion, a PE ratio of 36.38, a P/E/G ratio of 2.01 and a beta of 1.16. The business has a 50 day moving average price of $36.56 and a two-hundred day moving average price of $36.76. Zurn Elkay Water Solutions Co. has a one year low of $28.25 and a one year high of $41.15. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.81 and a current ratio of 2.91.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.32 EPS 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%. On average, equities analysts predict that Zurn Elkay Water Solutions Co. will post 1.36 EPS for the current year.

Zurn Elkay Water Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Thursday, February 20th were issued a $0.09 dividend. The ex-dividend date was Thursday, February 20th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.08%. Zurn Elkay Water Solutions's dividend payout ratio (DPR) is presently 39.13%.

Insider Buying and Selling at Zurn Elkay Water Solutions

In other Zurn Elkay Water Solutions news, major shareholder Aimee Katz sold 8,912,500 shares of the company'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 value of $299,460,000.00. Following the completion of the sale, the insider now owns 15,002,819 shares of the company's stock, valued at $504,094,718.40. This represents a 37.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David J. Pauli sold 8,390 shares of the company's stock in a transaction dated Friday, February 14th. The shares were 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. The trade was a 12.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.80% of the company's stock.

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.