TD Private Client Wealth LLC Has $117,000 Holdings in Mueller Water Products, Inc. (NYSE:MWA)

TD Private Client Wealth LLC lifted its holdings in shares of Mueller Water Products, Inc. (NYSE:MWA) by 468.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,408 shares of the industrial products company’s stock after purchasing an additional 4,456 shares during the period. TD Private Client Wealth LLC’s holdings in Mueller Water Products were worth $117,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new position in Mueller Water Products in the third quarter valued at $26,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Mueller Water Products during the second quarter valued at about $72,000. National Bank of Canada FI raised its holdings in shares of 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 purchasing an additional 1,457 shares during the period. Quarry LP raised its holdings in shares of Mueller Water Products by 341.0% during the second quarter. Quarry LP now owns 5,632 shares of the industrial products company’s stock valued at $101,000 after purchasing an additional 4,355 shares during the period. Finally, Blue Trust Inc. raised its holdings in shares of Mueller Water Products by 434.6% during the third quarter. Blue Trust Inc. now owns 4,892 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 3,977 shares during the period. Institutional investors and hedge funds own 91.68% of the company’s stock.

Insiders Place Their Bets

In other Mueller Water Products news, SVP Todd P. Helms sold 3,556 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $25.02, for a total value of $88,971.12. Following the completion of the sale, the senior vice president now directly owns 38,683 shares of the company’s stock, valued at approximately $967,848.66. This represents a 8.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Suzanne G. Smith sold 26,138 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $24.99, for a total transaction of $653,188.62. Following the completion of the sale, the chief accounting officer now directly owns 9,378 shares of the company’s stock, valued at $234,356.22. The trade was a 73.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 98,433 shares of company stock valued at $2,494,144. Corporate insiders own 1.40% of the company’s stock.

Mueller Water Products Trading Down 0.9 %

NYSE:MWA opened at $24.30 on Monday. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.33 and a quick ratio of 2.16. The firm has a 50-day moving average of $23.76 and a 200-day moving average of $21.06. The company has a market cap of $3.80 billion, a PE ratio of 33.29, a PEG ratio of 1.41 and a beta of 1.37. Mueller Water Products, Inc. has a one year low of $13.49 and a one year high of $26.28.

Mueller Water Products (NYSE:MWA) last posted its earnings results on Wednesday, November 6th. The industrial products company reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. The company had revenue of $348.20 million during the quarter, compared to the consensus estimate of $324.80 million. Mueller Water Products had a net margin of 8.82% and a return on equity of 19.38%. The firm’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.19 earnings per share. As a group, equities research analysts expect that Mueller Water Products, Inc. will post 1.17 EPS for the current fiscal year.

Mueller Water Products Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Friday, November 8th were given a dividend of $0.067 per share. The ex-dividend date was Friday, November 8th. This is an increase from Mueller Water Products’s previous quarterly dividend of $0.06. This represents a $0.27 annualized dividend and a dividend yield of 1.10%. Mueller Water Products’s payout ratio is presently 35.62%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MWA shares. StockNews.com lowered shares of Mueller Water Products from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 30th. Oppenheimer reiterated an “outperform” rating and set a $27.00 price objective (up previously from $26.00) on shares of Mueller Water Products in a report on Friday, November 8th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Mueller Water Products currently has a consensus rating of “Hold” and a consensus target price of $22.20.

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.