Charles Schwab Investment Management Inc. Has $72.20 Million Stake in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Charles Schwab Investment Management Inc. lifted its stake in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 4.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,935,535 shares of the company’s stock after buying an additional 76,102 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Zurn Elkay Water Solutions were worth $72,195,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Impax Asset Management Group plc grew its position in shares of Zurn Elkay Water Solutions by 4.1% during 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 period. State Street Corp grew its position in Zurn Elkay Water Solutions by 63.8% in the 3rd quarter. State Street Corp now owns 5,441,980 shares of the company’s stock valued at $195,585,000 after purchasing an additional 2,119,777 shares during the period. Geode Capital Management LLC increased its stake in Zurn Elkay Water Solutions by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 3,256,457 shares of the company’s stock valued at $117,060,000 after purchasing an additional 35,570 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Zurn Elkay Water Solutions by 49.6% during the third quarter. Principal Financial Group Inc. now owns 2,619,953 shares of the company’s stock worth $94,161,000 after buying an additional 868,748 shares during the last quarter. Finally, Crescent Grove Advisors LLC lifted its stake in shares of Zurn Elkay Water Solutions by 5.7% in the fourth quarter. Crescent Grove Advisors LLC now owns 2,435,447 shares of the company’s stock valued at $90,842,000 after buying an additional 130,732 shares in the last quarter. Institutional investors and hedge funds own 83.33% of the company’s stock.

Insider Transactions at Zurn Elkay Water Solutions

In other news, CFO David J. Pauli sold 8,390 shares of the firm’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 transaction of $297,593.30. Following the completion of 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 value of $299,460,000.00. Following the completion of the transaction, the insider now owns 15,002,819 shares in the company, valued at approximately $504,094,718.40. The trade was a 37.27 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.80% of the company’s stock.

Analysts Set New Price Targets

Separately, Stifel Nicolaus boosted 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 research report on Friday, January 24th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Zurn Elkay Water Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.67.

Zurn Elkay Water Solutions Price Performance

Shares of NYSE:ZWS opened at $33.16 on Wednesday. Zurn Elkay Water Solutions Co. has a 1-year low of $28.25 and a 1-year high of $41.15. The stock has a market cap of $5.64 billion, a PE ratio of 36.04, a price-to-earnings-growth ratio of 2.01 and a beta of 1.16. The stock’s fifty day simple moving average is $36.82 and its two-hundred day simple moving average is $36.74. The company has a current ratio of 2.91, a quick ratio of 1.81 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 earnings per share for the quarter, topping analysts’ consensus estimates 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%. As a group, analysts forecast that Zurn Elkay Water Solutions Co. will post 1.36 EPS for the current fiscal year.

Zurn Elkay Water Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Thursday, February 20th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Thursday, February 20th. Zurn Elkay Water Solutions’s dividend payout ratio is presently 39.13%.

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.