293,187 Shares in Zurn Elkay Water Solutions Co. (NYSE:ZWS) Purchased by Fisher Asset Management LLC

Fisher Asset Management LLC purchased a new position in Zurn Elkay Water Solutions Co. (NYSE:ZWS) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 293,187 shares of the company’s stock, valued at approximately $10,936,000. Fisher Asset Management LLC owned 0.17% of Zurn Elkay Water Solutions at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. NewEdge Wealth LLC raised its position in Zurn Elkay Water Solutions by 4.0% during the fourth quarter. NewEdge Wealth LLC now owns 132,993 shares of the company’s stock valued at $4,961,000 after acquiring an additional 5,126 shares in the last quarter. Illinois Municipal Retirement Fund acquired a new stake in shares of Zurn Elkay Water Solutions during the 4th quarter worth approximately $2,799,000. Los Angeles Capital Management LLC increased its holdings in shares of Zurn Elkay Water Solutions by 29.2% during the 4th quarter. Los Angeles Capital Management LLC now owns 53,147 shares of the company’s stock valued at $1,982,000 after purchasing an additional 12,010 shares in the last quarter. World Equity Group Inc. acquired a new position in shares of Zurn Elkay Water Solutions in the 4th quarter valued at $272,000. Finally, Peregrine Capital Management LLC boosted its holdings in Zurn Elkay Water Solutions by 1.8% during the fourth quarter. Peregrine Capital Management LLC now owns 296,230 shares of the company’s stock worth $11,049,000 after buying an additional 5,286 shares in the last quarter. 83.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus lifted their price target on Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $38.67.

Insider Buying and Selling

In other news, major shareholder Aimee Katz sold 8,912,500 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $33.60, for a total transaction of $299,460,000.00. Following the completion of the sale, the insider now owns 15,002,819 shares in the company, valued at $504,094,718.40. This represents a 37.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO David J. Pauli sold 8,390 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now owns 59,410 shares of the company’s stock, valued at approximately $2,107,272.70. The trade was a 12.37 % decrease in their position. The disclosure for this sale can be found here. 3.80% of the stock is owned by company insiders.

Zurn Elkay Water Solutions Stock Down 3.1 %

Shares of NYSE:ZWS opened at $33.87 on Wednesday. The firm has a market capitalization of $5.76 billion, a PE ratio of 36.82, a price-to-earnings-growth ratio of 2.01 and a beta of 1.15. Zurn Elkay Water Solutions Co. has a 1 year low of $28.25 and a 1 year 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. The firm’s 50-day moving average is $37.15 and its two-hundred day moving average is $36.64.

Zurn Elkay Water Solutions (NYSE:ZWS) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.04. Zurn Elkay Water Solutions had a return on equity of 14.03% and a net margin of 10.23%. Analysts predict that Zurn Elkay Water Solutions Co. will post 1.36 EPS for the current year.

Zurn Elkay Water Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Thursday, February 20th will be given a $0.09 dividend. The ex-dividend date is Thursday, February 20th. This represents a $0.36 annualized dividend and a yield of 1.06%. Zurn Elkay Water Solutions’s dividend payout ratio (DPR) is 39.13%.

Zurn Elkay Water Solutions 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.