KBC Group NV Grows Position in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

KBC Group NV lifted its holdings in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 53.9% in the 4th quarter, Holdings Channel reports. The firm owned 6,122 shares of the company’s stock after acquiring an additional 2,144 shares during the period. KBC Group NV’s holdings in Zurn Elkay Water Solutions were worth $228,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ZWS. Barclays PLC increased its position in shares of Zurn Elkay Water Solutions by 85.7% during the 3rd quarter. Barclays PLC now owns 304,731 shares of the company’s stock valued at $10,952,000 after purchasing an additional 140,624 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Zurn Elkay Water Solutions by 49.6% in the third quarter. Principal Financial Group Inc. now owns 2,619,953 shares of the company’s stock worth $94,161,000 after buying an additional 868,748 shares in the last quarter. Global Alpha Capital Management Ltd. grew its position in Zurn Elkay Water Solutions by 23.1% during the third quarter. Global Alpha Capital Management Ltd. now owns 92,448 shares of the company’s stock valued at $3,323,000 after acquiring an additional 17,350 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Zurn Elkay Water Solutions by 25.6% during the third quarter. JPMorgan Chase & Co. now owns 1,615,944 shares of the company’s stock worth $58,077,000 after acquiring an additional 329,563 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Zurn Elkay Water Solutions by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 3,256,457 shares of the company’s stock worth $117,060,000 after acquiring an additional 35,570 shares during the last quarter. 83.33% of the stock is currently owned by institutional investors.

Insider Transactions at Zurn Elkay Water Solutions

In related news, VP Jeffrey J. Lavalle sold 3,132 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $39.15, for a total value of $122,617.80. Following the transaction, the vice president now directly owns 35,422 shares of the company’s stock, valued at approximately $1,386,771.30. The trade was a 8.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David J. Pauli sold 4,070 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $39.15, for a total value of $159,340.50. Following the completion of the transaction, the chief financial officer now owns 47,572 shares of the company’s stock, valued at $1,862,443.80. The trade was a 7.88 % 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.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ZWS shares. Oppenheimer boosted their target price on Zurn Elkay Water Solutions from $37.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Mizuho boosted their price target on Zurn Elkay Water Solutions from $34.00 to $37.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Stifel Nicolaus boosted their price target on shares of Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the company a “hold” rating in a research report on Friday, January 24th. Finally, Robert W. Baird raised their price objective on Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $38.67.

Zurn Elkay Water Solutions Trading Up 1.0 %

Shares of ZWS stock opened at $39.53 on Wednesday. Zurn Elkay Water Solutions Co. has a 1 year low of $28.25 and a 1 year high of $41.15. The firm has a fifty day moving average price of $38.55 and a 200-day moving average price of $35.89. The company has a market cap of $6.71 billion, a price-to-earnings ratio of 50.03, a PEG ratio of 1.83 and a beta of 1.15. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.70 and a quick ratio of 1.71.

Zurn Elkay Water Solutions (NYSE:ZWS) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. Zurn Elkay Water Solutions had a return on equity of 13.30% and a net margin of 8.87%. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Thursday, February 20th will be given a $0.09 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.91%. Zurn Elkay Water Solutions’s payout ratio is currently 45.57%.

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.