Pictet Asset Management Ltd. trimmed its stake in Mueller Water Products (NYSE:MWA) by 1.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,385,877 shares of the industrial products company’s stock after selling 50,709 shares during the period. Pictet Asset Management Ltd. owned 2.77% of Mueller Water Products worth $56,140,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Mueller Water Products by 2.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 570,091 shares of the industrial products company’s stock worth $6,659,000 after purchasing an additional 14,170 shares in the last quarter. Greenwood Capital Associates LLC increased its stake in shares of Mueller Water Products by 10.3% in the 2nd quarter. Greenwood Capital Associates LLC now owns 20,896 shares of the industrial products company’s stock worth $244,000 after purchasing an additional 1,959 shares in the last quarter. BlackRock Inc. increased its stake in shares of Mueller Water Products by 14,036.8% in the 1st quarter. BlackRock Inc. now owns 13,522,561 shares of the industrial products company’s stock worth $159,837,000 after purchasing an additional 13,426,906 shares in the last quarter. Chilton Investment Co. LLC increased its stake in shares of Mueller Water Products by 1,814.8% in the 2nd quarter. Chilton Investment Co. LLC now owns 744,724 shares of the industrial products company’s stock worth $8,698,000 after purchasing an additional 705,830 shares in the last quarter. Finally, Usca Ria LLC purchased a new stake in shares of Mueller Water Products in the 2nd quarter worth $260,000. Hedge funds and other institutional investors own 84.66% of the company’s stock.

MWA has been the subject of several analyst reports. Boenning Scattergood restated a “buy” rating and issued a $14.00 price objective on shares of Mueller Water Products in a research note on Thursday. Royal Bank Of Canada restated a “buy” rating and issued a $14.00 price objective on shares of Mueller Water Products in a research note on Wednesday, October 11th. BidaskClub upgraded Mueller Water Products from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Oppenheimer Holdings, Inc. set a $13.00 price objective on Mueller Water Products and gave the stock a “buy” rating in a research note on Monday, July 31st. Finally, Zacks Investment Research upgraded Mueller Water Products from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $13.75.

Mueller Water Products (NYSE:MWA) last posted its earnings results on Wednesday, November 1st. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. The company had revenue of $226.90 million during the quarter, compared to the consensus estimate of $227.14 million. Mueller Water Products had a net margin of 14.47% and a return on equity of 16.85%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.17 earnings per share.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Friday, November 10th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.16 dividend on an annualized basis and a yield of 1.34%. Mueller Water Products’s dividend payout ratio is presently 20.00%.

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About Mueller Water Products

Mueller Water Products, Inc is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America. The Company operates through three segments: Mueller Co, Anvil and Mueller Technologies. The Mueller Co segment manufactures valves for water and gas systems, and dry-barrel and wet-barrel fire hydrants.

Institutional Ownership by Quarter for Mueller Water Products (NYSE:MWA)

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