Triodos Investment Management BV Has $29.80 Million Holdings in Mueller Water Products, Inc. (NYSE:MWA)

Triodos Investment Management BV raised its holdings in shares of Mueller Water Products, Inc. (NYSE:MWA) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,324,500 shares of the industrial products company’s stock after purchasing an additional 4,000 shares during the period. Mueller Water Products accounts for approximately 2.4% of Triodos Investment Management BV’s holdings, making the stock its 19th biggest holding. Triodos Investment Management BV owned about 0.85% of Mueller Water Products worth $29,801,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MWA. Barclays PLC lifted its position in shares of Mueller Water Products by 361.6% in the third quarter. Barclays PLC now owns 266,155 shares of the industrial products company’s stock worth $5,775,000 after purchasing an additional 208,502 shares in the last quarter. Duff & Phelps Investment Management Co. lifted its holdings in shares of Mueller Water Products by 19.8% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 390,199 shares of the industrial products company’s stock worth $8,467,000 after acquiring an additional 64,399 shares during the period. Principal Financial Group Inc. grew its position in Mueller Water Products by 369.1% during the 3rd quarter. Principal Financial Group Inc. now owns 98,457 shares of the industrial products company’s stock worth $2,137,000 after acquiring an additional 77,467 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings 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 worth $15,696,000 after purchasing an additional 50,119 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Mueller Water Products by 28.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 347,199 shares of the industrial products company’s stock worth $7,534,000 after buying an additional 77,772 shares during the period. Institutional investors own 91.68% of the company’s stock.

Analyst Ratings Changes

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

Mueller Water Products Stock Performance

NYSE:MWA opened at $26.28 on Friday. The company has a quick ratio of 2.38, a current ratio of 3.83 and a debt-to-equity ratio of 0.54. Mueller Water Products, Inc. has a fifty-two week low of $14.81 and a fifty-two week high of $28.58. The firm’s fifty day simple moving average is $25.62 and its 200-day simple moving average is $23.82. The stock has a market cap of $4.12 billion, a PE ratio of 30.56, a price-to-earnings-growth ratio of 1.43 and a beta of 1.39.

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

Mueller Water Products Dividend Announcement

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

Insider Buying and Selling at Mueller Water Products

In other Mueller Water Products news, Director Brian Slobodow sold 11,132 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $24.73, for a total value of $275,294.36. Following the sale, the director now owns 7,376 shares in the company, valued at approximately $182,408.48. The trade was a 60.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lydia W. Thomas sold 17,092 shares of Mueller Water Products stock in a transaction that occurred 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 transaction, the director now directly owns 126,689 shares in the company, valued at approximately $3,391,464.53. The trade was a 11.89 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

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.