Rockefeller Capital Management L.P. increased its stake in shares of Zurn Elkay Water Solutions Cor (NYSE:ZWS – Free Report) by 521.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,465 shares of the company’s stock after purchasing an additional 13,817 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Zurn Elkay Water Solutions Cor were worth $766,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Andina Capital Management LLC lifted its holdings in Zurn Elkay Water Solutions Cor by 1.6% in the 4th quarter. Andina Capital Management LLC now owns 12,618 shares of the company’s stock valued at $587,000 after purchasing an additional 200 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Zurn Elkay Water Solutions Cor by 24.2% during the fourth quarter. UMB Bank n.a. now owns 1,233 shares of the company’s stock worth $57,000 after buying an additional 240 shares in the last quarter. Osaic Holdings Inc. grew its holdings in shares of Zurn Elkay Water Solutions Cor by 15.6% during the second quarter. Osaic Holdings Inc. now owns 2,531 shares of the company’s stock worth $91,000 after buying an additional 341 shares in the last quarter. California State Teachers Retirement System raised its position in shares of Zurn Elkay Water Solutions Cor by 0.3% in the second quarter. California State Teachers Retirement System now owns 134,647 shares of the company’s stock valued at $4,924,000 after buying an additional 353 shares during the last quarter. Finally, Thrive Wealth Management LLC raised its position in shares of Zurn Elkay Water Solutions Cor by 4.4% in the fourth quarter. Thrive Wealth Management LLC now owns 9,094 shares of the company’s stock valued at $423,000 after buying an additional 381 shares during the last quarter. Hedge funds and other institutional investors own 83.33% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the stock. Oppenheimer reissued an “outperform” rating and set a $58.00 price objective on shares of Zurn Elkay Water Solutions Cor in a research note on Thursday, April 23rd. Barclays began coverage on shares of Zurn Elkay Water Solutions Cor in a research note on Tuesday. They issued an “overweight” rating and a $59.00 target price for the company. Weiss Ratings upgraded Zurn Elkay Water Solutions Cor from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Robert W. Baird reduced their price target on Zurn Elkay Water Solutions Cor from $56.00 to $53.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Finally, Stifel Nicolaus raised their price objective on Zurn Elkay Water Solutions Cor from $53.00 to $59.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Zurn Elkay Water Solutions Cor has an average rating of “Moderate Buy” and an average price target of $55.33.
Zurn Elkay Water Solutions Cor Price Performance
ZWS opened at $49.16 on Friday. Zurn Elkay Water Solutions Cor has a 1 year low of $35.73 and a 1 year high of $53.76. The company’s 50 day simple moving average is $49.26 and its 200 day simple moving average is $48.23. The stock has a market capitalization of $8.20 billion, a PE ratio of 39.64, a P/E/G ratio of 1.94 and a beta of 1.04. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.11 and a current ratio of 3.24.
Zurn Elkay Water Solutions Cor (NYSE:ZWS – Get Free Report) last issued its quarterly earnings results on Tuesday, April 21st. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.37 by $0.04. The firm had revenue of $433.00 million during the quarter, compared to analyst estimates of $418.99 million. Zurn Elkay Water Solutions Cor had a net margin of 12.26% and a return on equity of 17.40%. Zurn Elkay Water Solutions Cor’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.31 earnings per share. As a group, sell-side analysts expect that Zurn Elkay Water Solutions Cor will post 1.75 EPS for the current year.
Zurn Elkay Water Solutions Cor Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Wednesday, May 20th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Wednesday, May 20th. Zurn Elkay Water Solutions Cor’s dividend payout ratio is presently 35.48%.
About Zurn Elkay Water Solutions Cor
Zurn Elkay Water Solutions Corp, trading on the NYSE under the ticker ZWS, is a global provider of water delivery and plumbing products. The company was established in October 2022 through a spin-off from Rexnord Corp, creating a standalone business focused on designing, manufacturing and marketing water system components for residential, commercial and industrial customers.
Through its Zurn segment, the company offers solutions for water delivery, drainage and waste evacuation. Product lines include valves, hydrants, backflow prevention devices, piping systems, fittings and commercial waste stations.
Featured Articles
- Five stocks we like better than Zurn Elkay Water Solutions Cor
- AST SpaceMobile’s Japan Catalyst Puts Its Rollout Story Back in Focus
- Gold and Silver Recovery—3 Precious Metals Stocks for H2 2026
- Klarna’s Google Court Win Could Give Its BNPL Story a Needed Cash Catalyst
- Why Kroger’s Giant Eagle Deal Could Change Everything
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 Cor (NYSE:ZWS – Free Report).
Receive News & Ratings for Zurn Elkay Water Solutions Cor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zurn Elkay Water Solutions Cor and related companies with MarketBeat.com's FREE daily email newsletter.
