Mueller Water Products, Inc. (NYSE:MWA) Shares Sold by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA lowered its position in Mueller Water Products, Inc. (NYSE:MWA - Free Report) by 16.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,416 shares of the industrial products company's stock after selling 11,174 shares during the quarter. Union Bancaire Privee UBP SA's holdings in Mueller Water Products were worth $1,538,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Handelsbanken Fonder AB boosted its position in Mueller Water Products by 45.6% during the 1st quarter. Handelsbanken Fonder AB now owns 52,336 shares of the industrial products company's stock valued at $1,330,000 after acquiring an additional 16,400 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Mueller Water Products by 7.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 697,618 shares of the industrial products company's stock valued at $15,696,000 after acquiring an additional 50,119 shares in the last quarter. Cookson Peirce & Co. Inc. boosted its position in Mueller Water Products by 57.9% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 31,931 shares of the industrial products company's stock valued at $718,000 after acquiring an additional 11,711 shares in the last quarter. Alberta Investment Management Corp boosted its position in Mueller Water Products by 12.4% during the 4th quarter. Alberta Investment Management Corp now owns 199,716 shares of the industrial products company's stock valued at $4,494,000 after acquiring an additional 22,045 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in Mueller Water Products by 74.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 150,223 shares of the industrial products company's stock valued at $3,395,000 after acquiring an additional 64,163 shares in the last quarter. Institutional investors own 91.68% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen cut Mueller Water Products from a "buy" rating to a "hold" rating in a research report on Sunday. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $26.25.

Mueller Water Products Stock Up 1.2%

Shares of MWA traded up $0.29 during midday trading on Monday, hitting $23.45. 1,593,070 shares of the company's stock traded hands, compared to its average volume of 1,581,220. Mueller Water Products, Inc. has a 1 year low of $17.09 and a 1 year high of $28.58. The firm's fifty day moving average is $24.99 and its 200-day moving average is $24.78. The company has a current ratio of 3.83, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 27.26, a price-to-earnings-growth ratio of 1.43 and a beta of 1.21.

Mueller Water Products (NYSE:MWA - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The industrial products company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. Mueller Water Products had a return on equity of 21.18% and a net margin of 10.05%. The firm had revenue of $364.30 million during the quarter, compared to analyst estimates of $352.30 million. During the same quarter in the prior year, the business posted $0.30 EPS. The business's revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Mueller Water Products, Inc. will post 1.24 earnings per share for the current year.

Mueller Water Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Monday, May 12th were issued a dividend of $0.067 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.27 annualized dividend and a dividend yield of 1.14%. Mueller Water Products's dividend payout ratio is presently 28.57%.

Insider Buying and Selling

In other news, Director Brian C. Healy bought 1,085 shares of Mueller Water Products stock in a transaction that occurred on Friday, May 16th. The stock was bought at an average price of $25.32 per share, for a total transaction of $27,472.20. Following the purchase, the director now directly owns 14,620 shares of the company's stock, valued at approximately $370,178.40. The trade was a 8.02% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Brian Slobodow sold 7,376 shares of the firm's 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 disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

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.