Todd A. Adams Sells 120,000 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) Stock

Zurn Elkay Water Solutions Co. (NYSE:ZWS) CEO Todd A. Adams sold 120,000 shares of Zurn Elkay Water Solutions stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $39.83, for a total transaction of $4,779,600.00. Following the transaction, the chief executive officer now owns 2,242,867 shares of the company’s stock, valued at approximately $89,333,392.61. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Zurn Elkay Water Solutions Stock Performance

NYSE ZWS opened at $39.19 on Friday. The company has a market cap of $6.65 billion, a P/E ratio of 49.61, a P/E/G ratio of 2.02 and a beta of 1.14. Zurn Elkay Water Solutions Co. has a 12 month low of $27.55 and a 12 month high of $40.64. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.70 and a quick ratio of 1.71. The company has a 50-day moving average of $35.19 and a 200-day moving average of $32.51.

Zurn Elkay Water Solutions (NYSE:ZWS) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. The firm had revenue of $410.00 million during the quarter, compared to analyst estimates of $406.15 million. Zurn Elkay Water Solutions had a net margin of 8.87% and a return on equity of 13.30%. Zurn Elkay Water Solutions’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.29 earnings per share. As a group, equities analysts predict that Zurn Elkay Water Solutions Co. will post 1.24 earnings per share for the current year.

Zurn Elkay Water Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Wednesday, November 20th will be issued a $0.09 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $0.36 dividend on an annualized basis and a yield of 0.92%. This is a boost from Zurn Elkay Water Solutions’s previous quarterly dividend of $0.08. Zurn Elkay Water Solutions’s dividend payout ratio (DPR) is presently 40.51%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on ZWS shares. Robert W. Baird upped their target price on Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft lifted their price objective on Zurn Elkay Water Solutions from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Oppenheimer raised their price target on shares of Zurn Elkay Water Solutions from $37.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Mizuho boosted their price objective on shares of Zurn Elkay Water Solutions from $34.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, Stifel Nicolaus raised their target price on shares of Zurn Elkay Water Solutions from $34.00 to $36.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $38.17.

Institutional Investors Weigh In On Zurn Elkay Water Solutions

A number of institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC lifted its stake in shares of Zurn Elkay Water Solutions by 5.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 210,295 shares of the company’s stock valued at $7,039,000 after purchasing an additional 11,216 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in Zurn Elkay Water Solutions during the first quarter valued at approximately $132,000. Envestnet Portfolio Solutions Inc. increased its position in shares of Zurn Elkay Water Solutions by 12.9% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 20,786 shares of the company’s stock worth $696,000 after acquiring an additional 2,375 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of Zurn Elkay Water Solutions in the first quarter worth $285,000. Finally, Qsemble Capital Management LP purchased a new position in shares of Zurn Elkay Water Solutions in the 1st quarter valued at $379,000. Hedge funds and other institutional investors own 83.33% 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.