Zurn Elkay Water Solutions Cor $ZWS Shares Sold by Mirova

Mirova decreased its holdings in Zurn Elkay Water Solutions Cor (NYSE:ZWS) by 65.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,826 shares of the company’s stock after selling 31,683 shares during the quarter. Mirova’s holdings in Zurn Elkay Water Solutions Cor were worth $791,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Empowered Funds LLC purchased a new stake in shares of Zurn Elkay Water Solutions Cor during the first quarter worth about $277,000. Woodline Partners LP acquired a new stake in shares of Zurn Elkay Water Solutions Cor during the 1st quarter worth $4,632,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Zurn Elkay Water Solutions Cor by 5.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 488,985 shares of the company’s stock worth $16,127,000 after purchasing an additional 24,348 shares during the period. PNC Financial Services Group Inc. raised its holdings in Zurn Elkay Water Solutions Cor by 20.3% in the second quarter. PNC Financial Services Group Inc. now owns 12,017 shares of the company’s stock valued at $439,000 after buying an additional 2,027 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Zurn Elkay Water Solutions Cor by 2.7% during the second quarter. Geode Capital Management LLC now owns 3,446,680 shares of the company’s stock valued at $126,059,000 after purchasing an additional 91,740 shares during the period. 83.33% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Zurn Elkay Water Solutions Cor

In related news, VP Sudhanshu Chhabra sold 2,021 shares of Zurn Elkay Water Solutions Cor stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $50.85, for a total transaction of $102,767.85. Following the completion of the transaction, the vice president directly owned 69,556 shares of the company’s stock, valued at $3,536,922.60. This trade represents a 2.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Jeffrey J. Lavalle sold 946 shares of Zurn Elkay Water Solutions Cor stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $51.63, for a total transaction of $48,841.98. Following the completion of the transaction, the vice president owned 51,868 shares of the company’s stock, valued at $2,677,944.84. This trade represents a 1.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 599,259 shares of company stock worth $31,225,361 in the last 90 days. 2.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ZWS has been the topic of several recent analyst reports. Oppenheimer boosted their price target on Zurn Elkay Water Solutions Cor from $53.00 to $57.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Stifel Nicolaus set a $59.00 target price on shares of Zurn Elkay Water Solutions Cor in a report on Thursday, February 5th. Zacks Research downgraded Zurn Elkay Water Solutions Cor from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. The Goldman Sachs Group reissued a “neutral” rating and set a $50.00 price target on shares of Zurn Elkay Water Solutions Cor in a report on Thursday, February 5th. Finally, Royal Bank Of Canada increased their price objective on shares of Zurn Elkay Water Solutions Cor from $49.00 to $55.00 and gave the stock a “sector perform” rating in a report on Thursday, February 5th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $51.63.

Zurn Elkay Water Solutions Cor Trading Down 1.9%

NYSE:ZWS opened at $44.36 on Thursday. The stock has a market cap of $7.43 billion, a PE ratio of 38.57, a price-to-earnings-growth ratio of 1.88 and a beta of 1.04. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.13 and a quick ratio of 2.07. The stock’s 50-day moving average is $48.48 and its two-hundred day moving average is $47.41. Zurn Elkay Water Solutions Cor has a fifty-two week low of $27.74 and a fifty-two week high of $53.17.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. The company had revenue of $407.20 million during the quarter, compared to the consensus estimate of $400.75 million. Zurn Elkay Water Solutions Cor had a return on equity of 16.54% and a net margin of 11.68%.The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the business earned $0.32 EPS. As a group, equities research analysts forecast that Zurn Elkay Water Solutions Cor will post 1.36 earnings per share for the current fiscal year.

Zurn Elkay Water Solutions Cor Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Friday, February 20th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, February 20th. Zurn Elkay Water Solutions Cor’s dividend payout ratio (DPR) is presently 38.26%.

Zurn Elkay Water Solutions Cor Profile

Zurn Elkay Water Solutions Corp, trading on the NYSE under the ticker ZWS, is a global provider of water delivery and plumbing products. The company was established in October 2022 through a spin-off from Rexnord Corp, creating a standalone business focused on designing, manufacturing and marketing water system components for residential, commercial and industrial customers.

Through its Zurn segment, the company offers solutions for water delivery, drainage and waste evacuation. Product lines include valves, hydrants, backflow prevention devices, piping systems, fittings and commercial waste stations.