Prudential Financial Inc. Has $5.88 Million Stake in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Prudential Financial Inc. decreased its holdings in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) by 5.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 151,157 shares of the company's stock after selling 7,933 shares during the quarter. Prudential Financial Inc. owned about 0.09% of Zurn Elkay Water Solutions worth $5,882,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ZWS. FMR LLC grew its holdings in Zurn Elkay Water Solutions by 11.2% in the 3rd quarter. FMR LLC now owns 14,070 shares of the company's stock valued at $506,000 after buying an additional 1,416 shares during the period. Captrust Financial Advisors grew its stake in shares of Zurn Elkay Water Solutions by 7.8% during the 3rd quarter. Captrust Financial Advisors now owns 7,832 shares of the company's stock valued at $281,000 after buying an additional 570 shares during the period. Verition Fund Management LLC raised its position in shares of Zurn Elkay Water Solutions by 67.3% in the 3rd quarter. Verition Fund Management LLC now owns 75,430 shares of the company's stock worth $2,711,000 after buying an additional 30,337 shares during the period. Benjamin Edwards Inc. grew its position in Zurn Elkay Water Solutions by 687.7% during the third quarter. Benjamin Edwards Inc. now owns 12,856 shares of the company's stock valued at $462,000 after acquiring an additional 11,224 shares during the period. Finally, HighTower Advisors LLC increased its stake in Zurn Elkay Water Solutions by 3.3% during the third quarter. HighTower Advisors LLC now owns 8,092 shares of the company's stock worth $293,000 after acquiring an additional 259 shares during the last quarter. Hedge funds and other institutional investors own 83.33% of the company's stock.

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Insider Buying and Selling

In related news, CFO David J. Pauli sold 8,390 shares of Zurn Elkay Water Solutions stock in a transaction on Friday, February 14th. The shares were sold at an average price of $35.47, for a total value of $297,593.30. Following the transaction, the chief financial officer now owns 59,410 shares in the company, valued at $2,107,272.70. This trade represents a 12.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Aimee Katz sold 8,912,500 shares of the company's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $33.60, for a total transaction of $299,460,000.00. Following the sale, the insider now owns 15,002,819 shares of the company's stock, valued at $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. Corporate insiders own 2.60% of the company's stock.

Zurn Elkay Water Solutions Price Performance

Shares of NYSE:ZWS traded down $2.26 during trading hours on Thursday, hitting $31.23. 558,639 shares of the company's stock traded hands, compared to its average volume of 1,081,746. The company has a market cap of $5.27 billion, a price-to-earnings ratio of 33.95, a price-to-earnings-growth ratio of 2.01 and a beta of 1.16. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.81 and a current ratio of 2.91. The company's fifty day simple moving average is $35.57 and its two-hundred day simple moving average is $36.89. Zurn Elkay Water Solutions Co. has a 52 week low of $28.25 and a 52 week high of $41.15.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate 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 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 disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Thursday, February 20th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Thursday, February 20th. Zurn Elkay Water Solutions's payout ratio is 39.13%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ZWS shares. The Goldman Sachs Group decreased their target price on Zurn Elkay Water Solutions from $39.00 to $34.00 and set a "neutral" rating for the company in a report on Wednesday. Stifel Nicolaus increased 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 report on Friday, January 24th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $37.67.

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.