Wellington Management Group LLP Sells 472,915 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Wellington Management Group LLP trimmed its position in Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) by 9.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,515,503 shares of the company's stock after selling 472,915 shares during the period. Wellington Management Group LLP owned 2.68% of Zurn Elkay Water Solutions worth $168,428,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC raised its position in Zurn Elkay Water Solutions by 138.4% in 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. Atala Financial Inc acquired a new position in shares of Zurn Elkay Water Solutions in the fourth quarter valued at approximately $44,000. Tsfg LLC bought a new position in Zurn Elkay Water Solutions in the 4th quarter valued at approximately $56,000. Tortoise Investment Management LLC boosted its position in Zurn Elkay Water Solutions by 77.4% during the 4th 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 period. Finally, Caisse Des Depots ET Consignations acquired a new stake in Zurn Elkay Water Solutions during the 4th quarter worth approximately $82,000. Institutional investors and hedge funds own 83.33% of the company's stock.

Zurn Elkay Water Solutions Trading Down 0.2 %

Shares of NYSE:ZWS traded down $0.05 during trading on Monday, reaching $29.60. The stock had a trading volume of 1,985,936 shares, compared to its average volume of 1,095,997. Zurn Elkay Water Solutions Co. has a 52 week low of $28.25 and a 52 week high of $41.15. The firm's fifty day moving average is $35.03 and its 200 day moving average is $36.82. The stock has a market cap of $5.00 billion, a price-to-earnings ratio of 32.17, a P/E/G ratio of 2.01 and a beta of 1.08. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.81 and a current ratio of 2.91.

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Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last issued 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 net margin of 10.23% and a return on equity of 14.03%. As a group, equities analysts forecast that Zurn Elkay Water Solutions Co. will post 1.36 EPS for the current fiscal year.

Zurn Elkay Water Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Thursday, February 20th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $0.36 annualized dividend and a yield of 1.22%. Zurn Elkay Water Solutions's dividend payout ratio is currently 39.13%.

Insider Buying and Selling at Zurn Elkay Water Solutions

In related news, CFO David J. Pauli sold 8,390 shares of the business's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $35.47, for a total value of $297,593.30. Following the completion of the sale, the chief financial officer now directly owns 59,410 shares of the company's stock, valued at $2,107,272.70. The trade was a 12.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Aimee Katz sold 8,912,500 shares of the 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 transaction, the insider now owns 15,002,819 shares in the company, valued at approximately $504,094,718.40. The trade was a 37.27 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.60% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on ZWS. The Goldman Sachs Group dropped their price target on shares of Zurn Elkay Water Solutions from $39.00 to $34.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Stifel Nicolaus increased their price objective on Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the company a "hold" rating in a report on Friday, January 24th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $37.67.

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.