Elevation Point Wealth Partners LLC Purchases New Holdings in Zurn Elkay Water Solutions Cor $ZWS

25 Aug 2026, 08:49 by Michael Walen · The Markets Daily

Elevation Point Wealth Partners LLC acquired a new position in shares of Zurn Elkay Water Solutions Cor (NYSE:ZWS – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 17,827 shares of the company’s stock, valued at approximately $901,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ZWS. BlackRock Inc. bought a new stake in Zurn Elkay Water Solutions Cor in the second quarter worth $1,241,345,000. Invesco Ltd. increased its stake in Zurn Elkay Water Solutions Cor by 3.5% during the 3rd quarter. Invesco Ltd. now owns 5,944,518 shares of the company’s stock valued at $279,571,000 after purchasing an additional 201,299 shares in the last quarter. State Street Corp increased its stake in Zurn Elkay Water Solutions Cor by 0.6% during the 2nd quarter. State Street Corp now owns 5,381,619 shares of the company’s stock valued at $196,806,000 after purchasing an additional 30,483 shares in the last quarter. Geode Capital Management LLC raised its holdings in Zurn Elkay Water Solutions Cor by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 3,542,464 shares of the company’s stock worth $164,716,000 after buying an additional 15,232 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in Zurn Elkay Water Solutions Cor by 51.9% in the fourth quarter. First Trust Advisors LP now owns 3,303,735 shares of the company’s stock worth $153,591,000 after buying an additional 1,128,917 shares during the last quarter. Hedge funds and other institutional investors own 83.33% of the company’s stock.

Analysts Set New Price Targets

ZWS has been the topic of a number of recent analyst reports. The Goldman Sachs Group reiterated a “neutral” rating and set a $55.00 price target on shares of Zurn Elkay Water Solutions Cor in a report on Wednesday, July 29th. Zacks Research upgraded shares of Zurn Elkay Water Solutions Cor from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. Robert W. Baird set a $58.00 price objective on Zurn Elkay Water Solutions Cor in a research report on Thursday, July 30th. Barclays lifted their price objective on Zurn Elkay Water Solutions Cor from $59.00 to $61.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Finally, Royal Bank Of Canada boosted their price objective on shares of Zurn Elkay Water Solutions Cor from $56.00 to $58.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $57.22.

Check Out Our Latest Stock Report on ZWS

Insider Buying and Selling

In related news, Director Jacques Donavon Butler purchased 2,016 shares of Zurn Elkay Water Solutions Cor stock in a transaction on Wednesday, August 19th. The stock was acquired at an average price of $49.60 per share, for a total transaction of $99,993.60. Following the completion of the transaction, the director directly owned 37,487 shares in the company, valued at $1,859,355.20. This represents a 5.68% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.40% of the company’s stock.

Zurn Elkay Water Solutions Cor Price Performance

Shares of NYSE:ZWS opened at $48.92 on Tuesday. The company has a quick ratio of 2.13, a current ratio of 3.05 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $8.11 billion, a PE ratio of 30.20, a price-to-earnings-growth ratio of 1.85 and a beta of 1.04. The firm’s 50 day moving average price is $49.47 and its 200-day moving average price is $48.86. Zurn Elkay Water Solutions Cor has a twelve month low of $43.06 and a twelve month high of $55.00.

Zurn Elkay Water Solutions Cor (NYSE:ZWS – Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.03. Zurn Elkay Water Solutions Cor had a net margin of 15.45% and a return on equity of 18.01%. The company had revenue of $491.00 million during the quarter, compared to analyst estimates of $483.04 million. During the same period in the previous year, the business posted $0.42 earnings per share. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. Equities research analysts expect that Zurn Elkay Water Solutions Cor will post 1.82 EPS for the current year.

Zurn Elkay Water Solutions Cor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Thursday, August 20th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.9%. Zurn Elkay Water Solutions Cor’s payout ratio is presently 27.16%.

Zurn Elkay Water Solutions Cor Company Profile

(Free Report)

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.