Troutman Michael

ZWS CIO Troutman sold 90.9K shares ($3.9M) at $43.01; -64.3% of holdings. Stock now at 52-week high.

Michael Troutman, Chief Information Officer of Zurn Elkay Water Solutions, sold 90,916 shares at $43.01 on 2025-07-31, reducing his holding from 141,421 to 50,505 shares and realizing $3,910,297.16 in proceeds. The sale occurred as the stock trades at the 52-week high of $44.98 (up 19.8% in 30 days and 28.6% in 90 days), after a period of sharp appreciation. His prior three sales at ZWS had mixed outcomes: two from October 2024 posted positive 30-day and 90-day returns (the stock continued rising post-sale), while one from November 2023 showed a 90-day gain despite a near-term -1.4% dip. The company trades at a P/E of 43.25 on recent quarterly revenue of $444.5M and net income of $50.5M, with modest 2.4% annual revenue growth. The timing of this large position reduction during a period of elevated valuations and strong recent momentum merits monitoring, particularly given the stock's approach to its 52-week highs.

ZWS CIO Troutman sells 100.9K shares (70.1% of holdings) for $3.7M at blended avg $36.34

Michael Troutman, Chief Information Officer of Zurn Elkay Water Solutions, executed 2 separate sales totaling 100,851 shares for $3,664,455.44 on 2024-10-31, reducing his holdings from 143,778 shares to 42,927 shares—a -70.1% reduction. The sales occurred at an average price of $36.34, slightly below the current price of $37.08 and near the 52-week high of $37.51. Zurn Elkay's fundamentals remain strong: latest quarterly revenue of $410,000,000.00, net income of $43,500,000.00, and annual revenue growth of +19.4%, though the P/E ratio of 45.78 reflects a premium valuation. Troutman's historical track record at ZWS (1 prior sell in Nov 2023) showed poorly-timed execution: his prior sale returned +7.8% over 90 days as the stock rose post-sale, and this current sale occurs with the stock trading at -1.2% from its 52-week high. The substantial reduction in his stake warrants attention to whether this reflects changed circumstances at the company or a shift in Troutman's strategic position.