Zurn Elkay Water Solutions Cor $ZWS Holdings Increased by Vest Financial LLC

Vest Financial LLC lifted its position in shares of Zurn Elkay Water Solutions Cor (NYSE:ZWS) by 117.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 78,941 shares of the company’s stock after purchasing an additional 42,605 shares during the period. Vest Financial LLC’s holdings in Zurn Elkay Water Solutions Cor were worth $3,668,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Zurn Elkay Water Solutions Cor during the 2nd quarter worth approximately $1,241,345,000. Bank of America Corp DE acquired a new position in shares of Zurn Elkay Water Solutions Cor during the second quarter worth $278,160,000. Jupiter Topco LLC acquired a new position in shares of Zurn Elkay Water Solutions Cor during the second quarter worth $172,287,000. Dimensional Fund Advisors LP lifted its holdings in shares of Zurn Elkay Water Solutions Cor by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,563,031 shares of the company’s stock worth $114,913,000 after purchasing an additional 8,752 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in shares of Zurn Elkay Water Solutions Cor in the second quarter worth $55,207,000. Institutional investors and hedge funds own 83.33% of the company’s stock.

Insider Buying and Selling at Zurn Elkay Water Solutions Cor

In other Zurn Elkay Water Solutions Cor news, Director Jacques Butler acquired 2,016 shares of the stock in a transaction dated Wednesday, August 19th. The stock was purchased at an average cost of $49.60 per share, with a total value of $99,993.60. Following the transaction, the director owned 37,487 shares in the company, valued at approximately $1,859,355.20. The trade was a 5.68% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 2.40% of the company’s stock.

Analyst Ratings Changes

ZWS has been the subject of a number of recent research reports. Weiss Ratings restated a “buy (b)” rating on shares of Zurn Elkay Water Solutions Cor in a report on Thursday. Oppenheimer lifted their target price on Zurn Elkay Water Solutions Cor from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, September 9th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $55.00 target price on shares of Zurn Elkay Water Solutions Cor in a report on Wednesday, July 29th. Barclays upped their price target on Zurn Elkay Water Solutions Cor from $59.00 to $61.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Finally, Stifel Nicolaus increased their price target on Zurn Elkay Water Solutions Cor from $56.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Zurn Elkay Water Solutions Cor presently has a consensus rating of “Moderate Buy” and an average price target of $57.00.

Zurn Elkay Water Solutions Cor Trading Down 0.3%

NYSE:ZWS opened at $48.54 on Friday. Zurn Elkay Water Solutions Cor has a 52 week low of $43.06 and a 52 week high of $55.00. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.13 and a current ratio of 3.05. The firm’s fifty day moving average is $47.39 and its 200-day moving average is $48.50. The firm has a market cap of $8.05 billion, a P/E ratio of 28.62, a P/E/G ratio of 1.77 and a beta of 1.07.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last announced its earnings results on Tuesday, July 28th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. The business had revenue of $491.00 million during the quarter, compared to the consensus estimate of $483.04 million. Zurn Elkay Water Solutions Cor had a net margin of 15.45% and a return on equity of 18.01%. Zurn Elkay Water Solutions Cor’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.42 earnings per share. Equities analysts expect that Zurn Elkay Water Solutions Cor will post 1.83 earnings per share for the current year.

Zurn Elkay Water Solutions Cor Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 7th. Shareholders of record on Friday, November 20th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, November 20th. This is an increase from Zurn Elkay Water Solutions Cor’s previous quarterly dividend of $0.11. Zurn Elkay Water Solutions Cor’s dividend payout ratio (DPR) is 27.16%.

About Zurn Elkay Water Solutions Cor

Zurn Elkay Water Solutions Corporation (NYSE: ZWS) is a manufacturer of products and systems used to manage, conserve and protect water in commercial, institutional, industrial and residential buildings. The company provides plumbing and water-management solutions designed to support water distribution, drainage, safety, hygiene and efficiency.

Its product portfolio includes commercial faucets, flush valves, fixtures, drains, plumbing specialties, backflow-prevention devices, water coolers, bottle-filling stations, water filtration systems and related accessories.