2,888 Shares in MUELLER WATER PRODUCTS (NYSE:MWA) Acquired by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise acquired a new position in shares of MUELLER WATER PRODUCTS (NYSE:MWA) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,888 shares of the industrial products company’s stock, valued at approximately $73,000.

A number of other institutional investors have also recently added to or reduced their stakes in MWA. Commonwealth Equity Services LLC lifted its position in MUELLER WATER PRODUCTS by 10.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 12,620 shares of the industrial products company’s stock worth $284,000 after buying an additional 1,170 shares in the last quarter. LPL Financial LLC lifted its position in MUELLER WATER PRODUCTS by 24.8% during the fourth quarter. LPL Financial LLC now owns 17,727 shares of the industrial products company’s stock worth $399,000 after buying an additional 3,520 shares in the last quarter. JPMorgan Chase & Co. increased its stake in MUELLER WATER PRODUCTS by 13.1% during the fourth quarter. JPMorgan Chase & Co. now owns 1,045,628 shares of the industrial products company’s stock worth $23,527,000 after acquiring an additional 120,922 shares during the last quarter. Norges Bank acquired a new stake in MUELLER WATER PRODUCTS during the fourth quarter worth $20,996,000. Finally, Alliancebernstein L.P. increased its stake in MUELLER WATER PRODUCTS by 1.3% during the fourth quarter. Alliancebernstein L.P. now owns 169,479 shares of the industrial products company’s stock worth $3,813,000 after acquiring an additional 2,100 shares during the last quarter. Hedge funds and other institutional investors own 91.68% of the company’s stock.

Insiders Place Their Bets

In other news, Director Brian Slobodow sold 7,376 shares of MUELLER WATER PRODUCTS stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $24.57, for a total value of $181,228.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brian C. Healy acquired 1,110 shares of the company’s stock in a transaction dated Monday, July 7th. The stock was purchased at an average cost of $24.74 per share, with a total value of $27,461.40. Following the completion of the purchase, the director directly owned 15,730 shares of the company’s stock, valued at approximately $389,160.20. This represents a 7.59% increase in their position. The disclosure for this purchase can be found here. Insiders own 1.10% of the company’s stock.

MUELLER WATER PRODUCTS Price Performance

MWA stock opened at $24.23 on Monday. The business has a fifty day moving average of $24.43 and a two-hundred day moving average of $25.05. The company has a quick ratio of 2.49, a current ratio of 3.79 and a debt-to-equity ratio of 0.51. The stock has a market cap of $3.80 billion, a price-to-earnings ratio of 26.63, a price-to-earnings-growth ratio of 1.31 and a beta of 1.18. MUELLER WATER PRODUCTS has a 52-week low of $18.55 and a 52-week high of $28.58.

MUELLER WATER PRODUCTS (NYSE:MWA) last issued its quarterly earnings data on Monday, May 5th. The industrial products company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. MUELLER WATER PRODUCTS had a return on equity of 21.31% and a net margin of 10.48%. The business had revenue of $364.30 million during the quarter, compared to analysts’ expectations of $352.30 million. During the same period in the previous year, the firm posted $0.30 earnings per share. The company’s revenue was up 3.1% on a year-over-year basis. As a group, research analysts anticipate that MUELLER WATER PRODUCTS will post 1.24 earnings per share for the current year.

MUELLER WATER PRODUCTS Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th will be paid a $0.067 dividend. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $0.27 dividend on an annualized basis and a dividend yield of 1.1%. MUELLER WATER PRODUCTS’s payout ratio is presently 29.67%.

Analysts Set New Price Targets

Separately, Wall Street Zen raised MUELLER WATER PRODUCTS from a “hold” rating to a “buy” rating in a research note on Saturday, July 12th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, MUELLER WATER PRODUCTS has an average rating of “Hold” and an average price target of $26.25.

MUELLER WATER PRODUCTS Company Profile

Mueller Water Products, Inc manufactures and markets products and services for the transmission, distribution, and measurement of water used by municipalities, and the residential and non-residential construction industries in the United States, Israel, and internationally. It operates in two segments, Water Flow Solutions and Water Management Solutions.