Zurn Elkay Water Solutions Co. (NYSE:ZWS) CFO Sells $297,593.30 in Stock

Zurn Elkay Water Solutions Co. (NYSE:ZWS - Get Free Report) CFO David J. Pauli sold 8,390 shares of Zurn Elkay Water Solutions stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 59,410 shares in the company, valued at approximately $2,107,272.70. This trade represents a 12.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Zurn Elkay Water Solutions Trading Down 1.3 %

Zurn Elkay Water Solutions stock traded down $0.45 during midday trading on Friday, reaching $34.90. The stock had a trading volume of 818,225 shares, compared to its average volume of 1,020,165. The firm's fifty day simple moving average is $37.57 and its two-hundred day simple moving average is $36.34. The firm has a market cap of $5.93 billion, a price-to-earnings ratio of 37.93, a PEG ratio of 2.02 and a beta of 1.15. Zurn Elkay Water Solutions Co. has a twelve month low of $28.25 and a twelve month high of $41.15. 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 (NYSE:ZWS - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.04. Zurn Elkay Water Solutions had a net margin of 10.23% and a return on equity of 14.03%. Equities analysts anticipate that Zurn Elkay Water Solutions Co. will post 1.36 EPS for the current fiscal year.

Zurn Elkay Water Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Thursday, February 20th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Thursday, February 20th. Zurn Elkay Water Solutions's dividend payout ratio (DPR) is currently 39.13%.

Institutional Investors Weigh In On Zurn Elkay Water Solutions

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC boosted its stake in shares of Zurn Elkay Water Solutions by 138.4% during the 4th quarter. GAMMA Investing LLC now owns 937 shares of the company's stock valued at $35,000 after buying an additional 544 shares during the period. V Square Quantitative Management LLC acquired a new stake in shares of Zurn Elkay Water Solutions in the 3rd quarter valued at $36,000. Atala Financial Inc acquired a new stake in shares of Zurn Elkay Water Solutions in the 4th quarter valued at $44,000. Tsfg LLC acquired a new stake in shares of Zurn Elkay Water Solutions in the 4th quarter valued at $56,000. Finally, Tortoise Investment Management LLC lifted its stake in shares of Zurn Elkay Water Solutions by 77.4% in the 4th quarter. Tortoise Investment Management LLC now owns 1,731 shares of the company's stock valued at $65,000 after purchasing an additional 755 shares during the last quarter. Institutional investors and hedge funds own 83.33% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on ZWS shares. Mizuho lifted their price target on shares of Zurn Elkay Water Solutions from $34.00 to $37.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Stifel Nicolaus raised their price objective on shares of Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the stock a "hold" rating in a research note on Friday, January 24th. Finally, Robert W. Baird raised their price objective on shares of Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $38.67.

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.