TD Private Client Wealth LLC Has $666,000 Stock Position in Mueller Industries, Inc. (NYSE:MLI)

TD Private Client Wealth LLC lifted its holdings in Mueller Industries, Inc. (NYSE:MLI - Free Report) by 218.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,747 shares of the industrial products company's stock after acquiring an additional 6,002 shares during the quarter. TD Private Client Wealth LLC's holdings in Mueller Industries were worth $666,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of MLI. Jones Financial Companies Lllp boosted its holdings in shares of Mueller Industries by 204.8% in the 4th quarter. Jones Financial Companies Lllp now owns 890 shares of the industrial products company's stock worth $71,000 after acquiring an additional 598 shares in the last quarter. Atria Investments Inc raised its position in Mueller Industries by 10.4% in the 4th quarter. Atria Investments Inc now owns 13,681 shares of the industrial products company's stock worth $1,086,000 after purchasing an additional 1,285 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Mueller Industries in the 4th quarter worth approximately $1,738,000. Raymond James Financial Inc. bought a new position in Mueller Industries in the 4th quarter worth approximately $6,855,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Mueller Industries by 18.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,001 shares of the industrial products company's stock worth $2,302,000 after purchasing an additional 4,563 shares during the last quarter. 94.50% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Mueller Industries

In other Mueller Industries news, Director John B. Hansen sold 3,130 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $78.07, for a total transaction of $244,359.10. Following the completion of the sale, the director owned 93,914 shares in the company, valued at approximately $7,331,865.98. The trade was a 3.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Scott Jay Goldman sold 16,483 shares of the company's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $73.46, for a total transaction of $1,210,841.18. Following the sale, the director owned 39,615 shares of the company's stock, valued at $2,910,117.90. The trade was a 29.38% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,613 shares of company stock worth $2,198,600. Insiders own 2.70% of the company's stock.

Mueller Industries Stock Up 0.7%

MLI stock traded up $0.63 during trading on Friday, hitting $86.25. The company had a trading volume of 965,822 shares, compared to its average volume of 1,047,427. The firm has a 50-day moving average price of $78.08 and a 200-day moving average price of $78.00. Mueller Industries, Inc. has a 12 month low of $60.35 and a 12 month high of $96.81. The stock has a market cap of $9.54 billion, a price-to-earnings ratio of 15.71 and a beta of 1.01.

Mueller Industries (NYSE:MLI - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.08. The firm had revenue of $1 billion during the quarter, compared to analysts' expectations of $1 billion. Mueller Industries had a net margin of 15.92% and a return on equity of 23.17%.

Mueller Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Friday, June 6th. Mueller Industries's payout ratio is 18.21%.

Mueller Industries Profile

Mueller Industries, Inc manufactures and sells copper, brass, aluminum, and plastic products in the United States, the United Kingdom, Canada, South Korea, the Middle East, China, and Mexico. It operates through three segments: Piping Systems, Industrial Metals, and Climate. The Piping Systems segment offers copper tubes, fittings, line sets, and pipe nipples.