Impact Capital Partners LLC Makes New $650,000 Investment in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Impact Capital Partners LLC bought a new position in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 17,419 shares of the company’s stock, valued at approximately $650,000.

Several other institutional investors also recently made changes to their positions in the stock. Wintrust Investments LLC grew its holdings in shares of Zurn Elkay Water Solutions by 94.0% during the 4th quarter. Wintrust Investments LLC now owns 25,331 shares of the company’s stock worth $944,000 after purchasing an additional 12,276 shares during the period. HighTower Advisors LLC raised its position in shares of Zurn Elkay Water Solutions by 9.2% in the 4th quarter. HighTower Advisors LLC now owns 8,834 shares of the company’s stock valued at $329,000 after purchasing an additional 742 shares in the last quarter. King Luther Capital Management Corp raised its position in shares of Zurn Elkay Water Solutions by 0.3% in the 4th quarter. King Luther Capital Management Corp now owns 169,490 shares of the company’s stock valued at $6,322,000 after purchasing an additional 531 shares in the last quarter. Tortoise Investment Management LLC raised its position in shares of Zurn Elkay Water Solutions by 77.4% in the 4th quarter. Tortoise Investment Management LLC now owns 1,731 shares of the company’s stock valued at $65,000 after purchasing an additional 755 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. raised its position in shares of Zurn Elkay Water Solutions by 5.7% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 97,740 shares of the company’s stock valued at $3,646,000 after purchasing an additional 5,292 shares in the last quarter. 83.33% of the stock is currently owned by hedge funds and other institutional investors.

Zurn Elkay Water Solutions Trading Down 1.1 %

Shares of ZWS stock opened at $32.79 on Thursday. The stock has a 50-day simple moving average of $36.73 and a 200 day simple moving average of $36.72. Zurn Elkay Water Solutions Co. has a fifty-two week low of $28.25 and a fifty-two week high of $41.15. The stock has a market capitalization of $5.58 billion, a P/E ratio of 35.64, a P/E/G ratio of 2.01 and a beta of 1.16. The company has a quick ratio of 1.81, a current ratio of 2.91 and a debt-to-equity ratio of 0.31.

Zurn Elkay Water Solutions (NYSE:ZWS) last announced its earnings results on Tuesday, February 4th. The company reported $0.32 EPS for the quarter, beating 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%. On average, sell-side analysts expect that Zurn Elkay Water Solutions Co. will post 1.36 earnings per share for the current fiscal year.

Zurn Elkay Water Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Thursday, February 20th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend was Thursday, February 20th. Zurn Elkay Water Solutions’s dividend payout ratio (DPR) is presently 39.13%.

Insider Activity

In other news, major shareholder Aimee Katz sold 8,912,500 shares of the business’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 sale, the insider now directly owns 15,002,819 shares in the company, valued at approximately $504,094,718.40. The trade was a 37.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO David J. Pauli sold 8,390 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 59,410 shares in the company, valued at approximately $2,107,272.70. This represents a 12.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus upped their target price on 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. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $38.40.

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.