Robeco Schweiz AG Makes New Investment in Mueller Water Products $MWA

Robeco Schweiz AG bought a new stake in shares of Mueller Water Products (NYSE:MWA) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 343,683 shares of the industrial products company’s stock, valued at approximately $8,262,000.

A number of other institutional investors have also made changes to their positions in MWA. Cambridge Investment Research Advisors Inc. acquired a new position in Mueller Water Products during the first quarter valued at approximately $217,000. Bank of New York Mellon Corp increased its stake in Mueller Water Products by 56.8% during the 1st quarter. Bank of New York Mellon Corp now owns 1,170,761 shares of the industrial products company’s stock worth $29,761,000 after purchasing an additional 424,312 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Mueller Water Products by 354.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 318,939 shares of the industrial products company’s stock worth $8,107,000 after buying an additional 248,733 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of Mueller Water Products by 184.6% in the first quarter. Nisa Investment Advisors LLC now owns 1,702 shares of the industrial products company’s stock valued at $43,000 after buying an additional 1,104 shares during the period. Finally, Xponance Inc. increased its position in shares of Mueller Water Products by 6.0% during the first quarter. Xponance Inc. now owns 11,726 shares of the industrial products company’s stock worth $298,000 after acquiring an additional 660 shares in the last quarter. 91.68% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Brian C. Healy acquired 1,070 shares of the business’s stock in a transaction on Tuesday, October 7th. The stock was purchased at an average cost of $25.78 per share, for a total transaction of $27,584.60. Following the completion of the transaction, the director directly owned 16,800 shares of the company’s stock, valued at approximately $433,104. The trade was a 6.80% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Suzanne G. Smith sold 8,621 shares of Mueller Water Products stock in a transaction on Friday, August 15th. The stock was sold at an average price of $26.37, for a total value of $227,335.77. Following the sale, the chief accounting officer directly owned 761 shares of the company’s stock, valued at $20,067.57. This represents a 91.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 34,664 shares of company stock valued at $909,819 over the last ninety days. 1.10% of the stock is currently owned by company insiders.

Mueller Water Products Stock Up 0.2%

MWA stock opened at $23.98 on Tuesday. The company has a market cap of $3.75 billion, a price-to-earnings ratio of 25.51, a P/E/G ratio of 1.21 and a beta of 1.18. The company has a quick ratio of 2.56, a current ratio of 3.86 and a debt-to-equity ratio of 0.48. Mueller Water Products has a twelve month low of $21.35 and a twelve month high of $28.58. The business has a 50 day moving average price of $25.50 and a two-hundred day moving average price of $25.24.

Mueller Water Products (NYSE:MWA) last issued its earnings results on Thursday, February 24th. The industrial products company reported $0.11 earnings per share for the quarter. Mueller Water Products had a net margin of 10.67% and a return on equity of 20.89%. The business had revenue of $237.40 million for the quarter. Analysts anticipate that Mueller Water Products will post 1.24 EPS for the current fiscal year.

Mueller Water Products Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Monday, November 10th will be paid a dividend of $0.07 per share. The ex-dividend date is Monday, November 10th. This represents a $0.28 annualized dividend and a dividend yield of 1.2%. This is an increase from Mueller Water Products’s previous quarterly dividend of $0.07. Mueller Water Products’s dividend payout ratio is presently 23.14%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Mueller Water Products in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $29.00.

About Mueller Water Products

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.