Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

Zurn Elkay Water Solutions director sells shares worth over $10k

Published 25/05/2024, 06:22 am
© Reuters.
ZWS
-

Zurn Elkay Water Solutions Corp (NYSE:ZWS) has reported a recent transaction involving one of its directors, Timothy J. Jahnke. According to the latest filing, Jahnke sold 314 shares of the company at a price of $33.0 per share, amounting to a total of $10,362.

The sale was executed on May 22, 2024, and was conducted pursuant to a Rule 10b5-1 trading plan, which allows insiders to set up a predetermined plan to sell stocks at a time when they are not in possession of material non-public information. This kind of plan offers insiders the opportunity to sell their shares without facing the scrutiny of potential insider trading.

Following the transaction, Jahnke's holdings in Zurn Elkay Water Solutions Corp now total 593,485 shares. The sale has been made public through the SEC's Form 4 filing, which documents the trades made by the company's insiders.

Investors often monitor insider sales as they may provide insights into an insider’s perspective on the company's current valuation or future prospects. However, it's important to note that these transactions do not necessarily indicate a change in company fundamentals, and may be part of an individual's personal financial management strategy.

Zurn Elkay Water Solutions Corp, headquartered in Milwaukee, Wisconsin, specializes in providing water solutions and is known in the industry for its general industrial machinery and equipment.

InvestingPro Insights

As Zurn Elkay Water Solutions Corp (NYSE:ZWS) navigates the market, recent data from InvestingPro provides a deeper look into the company's financial health and stock performance. With a market capitalization of $5.52 billion and a P/E ratio that has adjusted to 39.82 in the last twelve months as of Q1 2024, ZWS reflects a significant presence in the industrial machinery and equipment sector.

An impressive Piotroski Score of 9 indicates a robust financial position, which is supported by the company's liquid assets surpassing short-term obligations. Investors may find comfort in ZWS's stability, underscored by a low price volatility, as noted in InvestingPro Tips. Furthermore, the company's net income is expected to grow this year, and six analysts have revised their earnings upwards for the upcoming period, signaling potential for future financial success.

For those looking to delve deeper into Zurn Elkay Water Solutions Corp's financial metrics and stock analysis, InvestingPro offers additional insights. There are over 10 InvestingPro Tips available, providing a comprehensive understanding of ZWS's performance and prospects. To access these valuable tips, visit https://www.investing.com/pro/ZWS and remember to use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.

Investors may also take note of the company's revenue growth, which has seen an increase of 8.34% over the last twelve months as of Q1 2024. This growth, coupled with a solid gross profit margin of 43.69%, lays a strong foundation for the company's financial structure. Additionally, ZWS's commitment to returning value to shareholders is evident in its dividend yield of 1.01% and a dividend growth rate of 14.29% in the same period.

As the next earnings date approaches on July 23, 2024, market participants will be keen to see whether these positive financial metrics translate into sustained performance and shareholder value.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.