Mueller Water Products, Inc. (NYSE:MWA) Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ trimmed its holdings in Mueller Water Products, Inc. (NYSE:MWA) by 6.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 77,364 shares of the industrial products company’s stock after selling 5,710 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Mueller Water Products were worth $1,386,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC lifted its stake in Mueller Water Products by 7.3% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 10,736 shares of the industrial products company’s stock valued at $155,000 after buying an additional 735 shares in the last quarter. Arizona State Retirement System lifted its stake in Mueller Water Products by 1.9% during the second quarter. Arizona State Retirement System now owns 43,722 shares of the industrial products company’s stock valued at $783,000 after buying an additional 819 shares in the last quarter. National Bank of Canada FI lifted its stake in Mueller Water Products by 44.2% during the second quarter. National Bank of Canada FI now owns 4,757 shares of the industrial products company’s stock valued at $83,000 after buying an additional 1,457 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in Mueller Water Products by 6.1% during the second quarter. Mercer Global Advisors Inc. ADV now owns 32,885 shares of the industrial products company’s stock valued at $589,000 after buying an additional 1,900 shares in the last quarter. Finally, Pingora Partners LLC purchased a new stake in shares of Mueller Water Products in the fourth quarter worth approximately $29,000. 91.68% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. StockNews.com upgraded shares of Mueller Water Products from a “buy” rating to a “strong-buy” rating in a report on Monday, September 9th. TD Cowen downgraded Mueller Water Products from a “buy” rating to a “hold” rating and raised their price target for the stock from $19.00 to $20.00 in a research note on Friday, August 9th. Royal Bank of Canada lifted their price target on Mueller Water Products from $20.00 to $23.00 and gave the company a “sector perform” rating in a report on Wednesday, August 7th. Finally, Oppenheimer lifted their price target on Mueller Water Products from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Mueller Water Products presently has an average rating of “Hold” and an average price target of $21.60.

Mueller Water Products Stock Up 0.9 %

MWA opened at $21.24 on Tuesday. The business has a 50 day moving average price of $20.34 and a 200 day moving average price of $18.26. Mueller Water Products, Inc. has a twelve month low of $12.13 and a twelve month high of $21.51. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.31 and a current ratio of 3.70. The firm has a market cap of $3.31 billion, a P/E ratio of 33.19, a price-to-earnings-growth ratio of 1.41 and a beta of 1.34.

Mueller Water Products (NYSE:MWA) last posted its earnings results on Monday, August 5th. The industrial products company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.10. Mueller Water Products had a return on equity of 19.46% and a net margin of 9.71%. The firm had revenue of $356.70 million during the quarter, compared to analyst estimates of $329.67 million. During the same period in the previous year, the company earned $0.18 EPS. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. Research analysts forecast that Mueller Water Products, Inc. will post 0.93 EPS for the current year.

Mueller Water Products Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Friday, August 9th were given a $0.064 dividend. This represents a $0.26 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Friday, August 9th. Mueller Water Products’s dividend payout ratio is currently 39.06%.

Insiders Place Their Bets

In other Mueller Water Products news, insider J Scott Hall sold 135,253 shares of Mueller Water Products stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $20.34, for a total value of $2,751,046.02. Following the transaction, the insider now directly owns 544,029 shares of the company’s stock, valued at approximately $11,065,549.86. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Mueller Water Products news, Director Christine Ortiz sold 8,800 shares of Mueller Water Products stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $19.94, for a total value of $175,472.00. Following the transaction, the director now directly owns 34,699 shares of the company’s stock, valued at approximately $691,898.06. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider J Scott Hall sold 135,253 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $20.34, for a total value of $2,751,046.02. Following the sale, the insider now owns 544,029 shares in the company, valued at $11,065,549.86. The disclosure for this sale can be found here. Insiders have sold a total of 256,869 shares of company stock valued at $5,141,842 in the last three months. Company insiders own 1.40% of the company’s stock.

Mueller Water Products 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.