Mueller Water Products $MWA Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its position in shares of Mueller Water Products (NYSE:MWA) by 2.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,077,153 shares of the industrial products company’s stock after selling 26,263 shares during the quarter. Bank of New York Mellon Corp’s holdings in Mueller Water Products were worth $29,611,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MWA. Fiduciary Management Inc. WI purchased a new stake in Mueller Water Products during the 4th quarter worth approximately $75,400,000. Amundi increased its position in shares of Mueller Water Products by 112.2% in the 3rd quarter. Amundi now owns 2,267,340 shares of the industrial products company’s stock valued at $58,099,000 after purchasing an additional 1,198,801 shares during the last quarter. Qube Research & Technologies Ltd raised its holdings in shares of Mueller Water Products by 344.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 945,613 shares of the industrial products company’s stock valued at $22,733,000 after purchasing an additional 732,669 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Mueller Water Products in the 4th quarter valued at $15,547,000. Finally, Norges Bank purchased a new stake in shares of Mueller Water Products during the 4th quarter worth $15,192,000. 91.68% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Brian C. Healy purchased 1,183 shares of the company’s stock in a transaction dated Tuesday, July 7th. The stock was acquired at an average price of $25.33 per share, for a total transaction of $29,965.39. Following the completion of the transaction, the director directly owned 24,946 shares in the company, valued at $631,882.18. This represents a 4.98% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

MWA has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Mueller Water Products from a “hold” rating to a “buy” rating in a report on Saturday. Royal Bank Of Canada upped their target price on shares of Mueller Water Products from $30.00 to $31.00 and gave the company a “sector perform” rating in a report on Thursday, May 7th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $29.00 target price on shares of Mueller Water Products in a research report on Wednesday, May 6th. Weiss Ratings lowered Mueller Water Products from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday. Finally, Barclays started coverage on Mueller Water Products in a research note on Tuesday, June 30th. They issued an “underweight” rating and a $25.00 price objective for the company. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $30.00.

Mueller Water Products Price Performance

Shares of MWA opened at $25.06 on Monday. The company has a current ratio of 4.57, a quick ratio of 2.92 and a debt-to-equity ratio of 0.42. The stock’s 50 day moving average is $25.43 and its two-hundred day moving average is $27.00. Mueller Water Products has a twelve month low of $22.74 and a twelve month high of $31.00. The firm has a market capitalization of $3.92 billion, a PE ratio of 19.13, a P/E/G ratio of 1.14 and a beta of 1.03.

Mueller Water Products (NYSE:MWA) last issued its earnings results on Tuesday, April 21st. The industrial products company reported $2.16 earnings per share (EPS) for the quarter. Mueller Water Products had a return on equity of 22.11% and a net margin of 14.17%.The business had revenue of $1.19 billion during the quarter. Research analysts anticipate that Mueller Water Products will post 1.47 earnings per share for the current year.

Mueller Water Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Monday, May 11th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Monday, May 11th. Mueller Water Products’s dividend payout ratio (DPR) is presently 21.37%.

About Mueller Water Products

Mueller Water Products, Inc is a leading provider of water infrastructure and flow control products and services designed to help water utilities and municipalities manage, control and measure their water distribution systems. The company’s portfolio includes a comprehensive range of products such as fire hydrants, valves, pipe repair systems, fittings and couplings, along with advanced metering and monitoring solutions. By combining traditional mechanical components with digital technologies, Mueller Water Products addresses the critical need for reliable and sustainable water distribution across North America.

The company’s operations are organized around two primary business segments.