Fort Washington Investment Advisors Inc. OH Sells 190,484 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Fort Washington Investment Advisors Inc. OH lowered its holdings in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 34.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 367,769 shares of the company’s stock after selling 190,484 shares during the period. Fort Washington Investment Advisors Inc. OH owned approximately 0.22% of Zurn Elkay Water Solutions worth $13,718,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Impax Asset Management Group plc grew its stake in shares of Zurn Elkay Water Solutions by 4.1% in the 3rd quarter. Impax Asset Management Group plc now owns 8,801,275 shares of the company’s stock worth $315,645,000 after buying an additional 346,412 shares during the last quarter. State Street Corp grew its stake in shares of Zurn Elkay Water Solutions by 63.8% in the third quarter. State Street Corp now owns 5,441,980 shares of the company’s stock worth $195,585,000 after acquiring an additional 2,119,777 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Zurn Elkay Water Solutions by 1.1% during the third quarter. Geode Capital Management LLC now owns 3,256,457 shares of the company’s stock valued at $117,060,000 after acquiring an additional 35,570 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Zurn Elkay Water Solutions by 49.6% in the 3rd quarter. Principal Financial Group Inc. now owns 2,619,953 shares of the company’s stock worth $94,161,000 after purchasing an additional 868,748 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Zurn Elkay Water Solutions by 3.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,859,433 shares of the company’s stock worth $66,828,000 after purchasing an additional 65,426 shares in the last quarter. Hedge funds and other institutional investors own 83.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ZWS. Stifel Nicolaus raised their price objective on shares of Zurn Elkay Water Solutions from $36.00 to $38.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Mizuho boosted their price objective on shares of Zurn Elkay Water Solutions from $34.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Robert W. Baird increased their target price on Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, Oppenheimer boosted their price target on Zurn Elkay Water Solutions from $37.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $38.50.

Insider Buying and Selling at Zurn Elkay Water Solutions

In other Zurn Elkay Water Solutions news, CEO Todd A. Adams sold 120,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $39.83, for a total value of $4,779,600.00. Following the completion of the sale, the chief executive officer now owns 2,242,867 shares in the company, valued at $89,333,392.61. This represents a 5.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Jeffrey J. Lavalle sold 3,132 shares of Zurn Elkay Water Solutions stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $39.15, for a total value of $122,617.80. Following the transaction, the vice president now directly owns 35,422 shares in the company, valued at approximately $1,386,771.30. The trade was a 8.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 127,202 shares of company stock valued at $5,061,558. Insiders own 3.80% of the company’s stock.

Zurn Elkay Water Solutions Stock Performance

ZWS stock opened at $38.89 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.70 and a quick ratio of 1.71. Zurn Elkay Water Solutions Co. has a 1 year low of $28.25 and a 1 year high of $41.15. The company has a market cap of $6.60 billion, a P/E ratio of 49.22, a price-to-earnings-growth ratio of 1.77 and a beta of 1.15. The stock’s fifty day moving average price is $38.59 and its 200-day moving average price is $35.33.

Zurn Elkay Water Solutions (NYSE:ZWS) last announced its earnings results on Tuesday, October 29th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. Zurn Elkay Water Solutions had a return on equity of 13.30% and a net margin of 8.87%. The business had revenue of $410.00 million for the quarter, compared to analysts’ expectations of $406.15 million. During the same period last year, the firm posted $0.29 earnings per share. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities analysts forecast that Zurn Elkay Water Solutions Co. will post 1.24 earnings per share for the current year.

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.