Globeflex Capital L P Boosts Stake in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Globeflex Capital L P grew its stake in Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 18,387.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,731 shares of the company’s stock after buying an additional 5,700 shares during the period. Globeflex Capital L P’s holdings in Zurn Elkay Water Solutions were worth $214,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. HighTower Advisors LLC raised its holdings in shares of Zurn Elkay Water Solutions by 3.3% in the third quarter. HighTower Advisors LLC now owns 8,092 shares of the company’s stock worth $293,000 after buying an additional 259 shares during the last quarter. DAVENPORT & Co LLC raised its holdings in shares of Zurn Elkay Water Solutions by 3.2% during the fourth quarter. DAVENPORT & Co LLC now owns 8,559 shares of the company’s stock worth $319,000 after purchasing an additional 269 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its holdings in shares of Zurn Elkay Water Solutions by 7.4% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,984 shares of the company’s stock worth $205,000 after purchasing an additional 344 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Zurn Elkay Water Solutions by 0.7% during the fourth quarter. Sanctuary Advisors LLC now owns 58,208 shares of the company’s stock worth $2,288,000 after purchasing an additional 389 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in shares of Zurn Elkay Water Solutions by 4.8% during the fourth quarter. Venturi Wealth Management LLC now owns 9,441 shares of the company’s stock worth $352,000 after purchasing an additional 430 shares during the last quarter. Hedge funds and other institutional investors own 83.33% of the company’s stock.

Zurn Elkay Water Solutions Stock Up 2.6 %

ZWS stock opened at $33.22 on Friday. The firm has a market cap of $5.65 billion, a PE ratio of 36.10, a P/E/G ratio of 2.01 and a beta of 1.16. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.81 and a current ratio of 2.91. The firm’s fifty day moving average is $36.56 and its 200 day moving average is $36.73. Zurn Elkay Water Solutions Co. has a one year low of $28.25 and a one year high of $41.15.

Zurn Elkay Water Solutions (NYSE:ZWS) last released its quarterly 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 net margin of 10.23% and a return on equity of 14.03%. On average, research analysts forecast that Zurn Elkay Water Solutions Co. will post 1.36 EPS for the current year.

Zurn Elkay Water Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Thursday, February 20th were given a dividend of $0.09 per share. The ex-dividend date was Thursday, February 20th. This represents a $0.36 annualized dividend and a yield of 1.08%. Zurn Elkay Water Solutions’s dividend payout ratio is presently 39.13%.

Analyst Ratings Changes

Separately, Stifel Nicolaus raised their target price on shares of Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $38.40.

Insider Activity

In other news, CFO David J. Pauli sold 8,390 shares of Zurn Elkay Water Solutions stock in a transaction dated 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 $2,107,272.70. This trade represents a 12.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Aimee Katz sold 8,912,500 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 15,002,819 shares in the company, valued at approximately $504,094,718.40. This represents a 37.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.80% of the company’s stock.

Zurn Elkay Water Solutions Company 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.