Triodos Investment Management BV Purchases 4,000 Shares of Mueller Water Products, Inc. (NYSE:MWA)

Triodos Investment Management BV grew its stake in shares of Mueller Water Products, Inc. (NYSE:MWA) by 0.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,324,500 shares of the industrial products company’s stock after buying an additional 4,000 shares during the period. Mueller Water Products accounts for about 2.4% of Triodos Investment Management BV’s investment portfolio, making the stock its 19th largest position. Triodos Investment Management BV’s holdings in Mueller Water Products were worth $29,801,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of MWA. Intech Investment Management LLC purchased a new stake in Mueller Water Products during the third quarter valued at approximately $671,000. Charles Schwab Investment Management Inc. lifted its position in Mueller Water Products by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,944,715 shares of the industrial products company’s stock valued at $42,200,000 after buying an additional 37,729 shares during the last quarter. Citigroup Inc. boosted its stake in shares of Mueller Water Products by 117.6% in the third quarter. Citigroup Inc. now owns 203,942 shares of the industrial products company’s stock valued at $4,426,000 after purchasing an additional 110,227 shares during the period. Daiwa Securities Group Inc. grew its holdings in Mueller Water Products by 94.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 21,835 shares of the industrial products company’s stock worth $474,000 after acquiring an additional 10,600 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Mueller Water Products during the 3rd quarter worth approximately $189,000. Hedge funds and other institutional investors own 91.68% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on MWA. The Goldman Sachs Group increased their target price on shares of Mueller Water Products from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, February 6th. Royal Bank of Canada upped their price objective on Mueller Water Products from $25.00 to $29.00 and gave the company a “sector perform” rating in a research note on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $25.80.

Insider Buying and Selling at Mueller Water Products

In related news, Director Lydia W. Thomas sold 17,092 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $26.77, for a total value of $457,552.84. Following the completion of the transaction, the director now directly owns 126,689 shares in the company, valued at $3,391,464.53. The trade was a 11.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Brian Slobodow sold 11,132 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $24.73, for a total transaction of $275,294.36. Following the sale, the director now directly owns 7,376 shares of the company’s stock, valued at $182,408.48. The trade was a 60.15 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Mueller Water Products Stock Down 1.3 %

Shares of NYSE MWA opened at $26.28 on Friday. The stock has a 50-day moving average price of $25.62 and a two-hundred day moving average price of $23.82. The company has a market cap of $4.12 billion, a price-to-earnings ratio of 30.56, a PEG ratio of 1.43 and a beta of 1.39. Mueller Water Products, Inc. has a 12 month low of $14.81 and a 12 month high of $28.58. The company has a current ratio of 3.83, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54.

Mueller Water Products (NYSE:MWA) last released its earnings results on Tuesday, February 4th. The industrial products company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.06. Mueller Water Products had a return on equity of 21.18% and a net margin of 10.05%. During the same quarter in the previous year, the business posted $0.13 EPS. As a group, analysts forecast that Mueller Water Products, Inc. will post 1.24 earnings per share for the current fiscal year.

Mueller Water Products Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Monday, February 10th were issued a dividend of $0.067 per share. This represents a $0.27 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date was Monday, February 10th. Mueller Water Products’s payout ratio is 30.23%.

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.