US Bancorp DE Has $228,000 Stock Holdings in Zurn Elkay Water Solutions Cor (NYSE:ZWS)

US Bancorp DE decreased its stake in Zurn Elkay Water Solutions Cor (NYSE:ZWS) by 11.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,924 shares of the company’s stock after selling 911 shares during the period. US Bancorp DE’s holdings in Zurn Elkay Water Solutions Cor were worth $228,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. HM Payson & Co. acquired a new stake in shares of Zurn Elkay Water Solutions Cor in the first quarter worth $37,000. Federated Hermes Inc. grew its stake in shares of Zurn Elkay Water Solutions Cor by 3,687.2% in the first quarter. Federated Hermes Inc. now owns 1,780 shares of the company’s stock worth $59,000 after acquiring an additional 1,733 shares during the last quarter. Archer Investment Corp acquired a new stake in shares of Zurn Elkay Water Solutions Cor in the first quarter worth $99,000. Central Pacific Bank Trust Division grew its stake in shares of Zurn Elkay Water Solutions Cor by 31.0% in the first quarter. Central Pacific Bank Trust Division now owns 4,400 shares of the company’s stock worth $145,000 after acquiring an additional 1,040 shares during the last quarter. Finally, Capstone Investment Advisors LLC acquired a new stake in shares of Zurn Elkay Water Solutions Cor in the fourth quarter worth $221,000. Institutional investors and hedge funds own 83.33% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ZWS shares. Stifel Nicolaus raised their price objective on shares of Zurn Elkay Water Solutions Cor from $43.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Robert W. Baird lowered their price objective on shares of Zurn Elkay Water Solutions Cor from $42.00 to $39.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. Finally, Mizuho set a $36.00 price objective on shares of Zurn Elkay Water Solutions Cor in a research note on Friday, May 16th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $38.00.

Insiders Place Their Bets

In other Zurn Elkay Water Solutions Cor news, Director Timothy J. Jahnke sold 20,000 shares of Zurn Elkay Water Solutions Cor stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $43.73, for a total transaction of $874,600.00. Following the completion of the transaction, the director directly owned 180,000 shares of the company’s stock, valued at approximately $7,871,400. This trade represents a 10.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Sudhanshu Chhabra sold 108,930 shares of Zurn Elkay Water Solutions Cor stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $43.61, for a total value of $4,750,437.30. Following the transaction, the vice president directly owned 94,330 shares of the company’s stock, valued at approximately $4,113,731.30. The trade was a 53.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 148,930 shares of company stock valued at $6,501,529. Company insiders own 2.60% of the company’s stock.

Zurn Elkay Water Solutions Cor Stock Down 1.0%

Shares of ZWS stock opened at $45.41 on Friday. The stock has a market cap of $7.61 billion, a P/E ratio of 44.96, a price-to-earnings-growth ratio of 2.46 and a beta of 1.03. Zurn Elkay Water Solutions Cor has a one year low of $27.74 and a one year high of $45.90. The stock has a fifty day moving average price of $38.71 and a 200 day moving average price of $35.94. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.71 and a quick ratio of 1.72.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last issued its earnings results on Tuesday, July 29th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.36 by $0.06. The firm had revenue of $444.50 million during the quarter, compared to analysts’ expectations of $424.55 million. Zurn Elkay Water Solutions Cor had a return on equity of 15.23% and a net margin of 10.78%. Zurn Elkay Water Solutions Cor’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the business earned $0.33 earnings per share. Analysts predict that Zurn Elkay Water Solutions Cor will post 1.36 earnings per share for the current year.

Zurn Elkay Water Solutions Cor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Wednesday, August 20th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%. Zurn Elkay Water Solutions Cor’s dividend payout ratio (DPR) is presently 35.64%.

Zurn Elkay Water Solutions Cor 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.