1 week Ago By ABMN Staff
Pictet Asset Management Holding SA raised its stake in shares of Zurn Elkay Water Solutions Co. ( NYSE:ZWS – Free Report ) by 20.4% in the fourth quarter, according to its most recent 13F filing with the SEC.
The fund owned 21,820 shares of the company’s stock after purchasing an additional 3,697 shares during the period. Pictet Asset Management Holding SA’s holdings in Zurn Elkay Water Solutions were worth $814,000 as of its most recent SEC filing. Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company.
Barclays PLC boosted its position in shares of Zurn Elkay Water Solutions by 85.7% during the third quarter. Barclays PLC now owns 304,731 shares of the company’s stock valued at $10,952,000 after buying an additional 140,624 shares during the last quarter.
Principal Financial Group Inc. lifted its stake in Zurn Elkay Water Solutions by 49.6% during the 3rd quarter.
Principal Financial Group Inc. now owns 2,619,953 shares of the company’s stock valued at $94,161,000 after acquiring an additional 868,748 shares in the last quarter. JPMorgan Chase & Co.
boosted its holdings in Zurn Elkay Water Solutions by 25.6% during the 3rd quarter. JPMorgan Chase & Co.
now owns 1,615,944 shares of the company’s stock worth $58,077,000 after acquiring an additional 329,563 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Zurn Elkay Water Solutions by 1.1% in the 3rd quarter.
Geode Capital Management LLC now owns 3,256,457 shares of the company’s stock worth $117,060,000 after acquiring an additional 35,570 shares in the last quarter. Finally, Perpetual Ltd raised its holdings in shares of Zurn Elkay Water Solutions by 8.4% in the fourth quarter.
Perpetual Ltd now owns 214,189 shares of the company’s stock valued at $7,989,000 after purchasing an additional 16,520 shares during the last quarter. 83.33% of the stock is owned by institutional investors.
Zurn Elkay Water Solutions Stock Down 0.2 % ZWS opened at $29.60 on Tuesday.
Zurn Elkay Water Solutions Co. has a twelve month low of $28.25 and a twelve month high of $41.
15. The company’s 50-day moving average price is $35.03 and its two-hundred day moving average price is $36.
82. The stock has a market cap of $5.00 billion, a price-to-earnings ratio of 32.
17, a PEG ratio of 2.01 and a beta of 1.08.
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 Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Thursday, February 20th were issued a $0.
09 dividend. This represents a $0.36 annualized dividend and a yield of 1.
22%. The ex-dividend date of this dividend was Thursday, February 20th. Zurn Elkay Water Solutions’s dividend payout ratio (DPR) is currently 39.
13%. Insider Activity at Zurn Elkay Water Solutions 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 completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website . Also, major shareholder Aimee Katz sold 8,912,500 shares of the company’s stock in a transaction that occurred on Thursday, February 13th.
The shares were sold at an average price of $33.60, for a total transaction of $299,460,000.00.
Following the sale, the insider now owns 15,002,819 shares in the company, valued at $504,094,718.40. The trade was a 37.
27 % decrease in their ownership of the stock. The disclosure for this sale can be found here . 2.
60% of the stock is currently owned by company insiders. Wall Street Analyst Weigh In ZWS has been the subject of a number of recent analyst reports. The Goldman Sachs Group reduced their price objective on shares of Zurn Elkay Water Solutions from $39.
00 to $34.00 and set a “neutral” rating for the company in a research report on Wednesday, April 2nd. 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 report on Friday, January 24th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock.
According to MarketBeat, Zurn Elkay Water Solutions currently has an average rating of “Hold” and a consensus target price of $37.67. Get Our Latest Research Report on Zurn Elkay Water Solutions Zurn Elkay Water Solutions Profile ( Free Report ) 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. See Also Want to see what other hedge funds are holding ZWS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zurn Elkay Water Solutions Co.
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