Robecosam AG purchased a new position in Mueller Water Products (NYSE:MWA) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 372,725 shares of the industrial products company’s stock, valued at approximately $4,357,000. Robecosam AG owned 0.24% of Mueller Water Products as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in MWA. BlackRock Inc. boosted its stake in shares of Mueller Water Products by 14,036.8% during the first quarter. BlackRock Inc. now owns 13,522,561 shares of the industrial products company’s stock valued at $159,837,000 after purchasing an additional 13,426,906 shares in the last quarter. Pictet Asset Management Ltd. boosted its stake in shares of Mueller Water Products by 92.8% during the second quarter. Pictet Asset Management Ltd. now owns 4,436,586 shares of the industrial products company’s stock valued at $49,601,000 after purchasing an additional 2,135,336 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of Mueller Water Products by 32.4% during the second quarter. Gamco Investors INC. ET AL now owns 6,758,490 shares of the industrial products company’s stock valued at $78,939,000 after purchasing an additional 1,654,510 shares in the last quarter. Earnest Partners LLC boosted its stake in shares of Mueller Water Products by 18.2% during the second quarter. Earnest Partners LLC now owns 8,136,500 shares of the industrial products company’s stock valued at $95,034,000 after purchasing an additional 1,251,546 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Mueller Water Products by 8.8% during the first quarter. Vanguard Group Inc. now owns 12,650,343 shares of the industrial products company’s stock valued at $149,528,000 after purchasing an additional 1,017,949 shares in the last quarter. 84.72% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Mueller Water Products (NYSE MWA) traded up 0.279% during trading on Friday, reaching $12.595. The company’s stock had a trading volume of 141,819 shares. The company has a 50 day moving average of $12.34 and a 200 day moving average of $11.75. The company has a market cap of $2.00 billion, a PE ratio of 15.646 and a beta of 1.29. Mueller Water Products has a 12-month low of $10.45 and a 12-month high of $14.20.

Mueller Water Products (NYSE:MWA) last issued its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. Mueller Water Products had a net margin of 14.47% and a return on equity of 16.85%. The business had revenue of $232.20 million for the quarter, compared to analyst estimates of $235.07 million. During the same period in the previous year, the business posted $0.15 earnings per share. The business’s revenue was up 3.3% compared to the same quarter last year. On average, analysts anticipate that Mueller Water Products will post $0.44 EPS for the current fiscal year.

MWA has been the subject of a number of research analyst reports. Boenning Scattergood upgraded Mueller Water Products from a “neutral” rating to an “outperform” rating and set a $14.00 price objective for the company in a report on Tuesday, September 5th. BidaskClub upgraded Mueller Water Products from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Royal Bank Of Canada restated a “buy” rating and set a $14.00 price objective on shares of Mueller Water Products in a report on Wednesday. Cowen and Company restated a “hold” rating and set a $12.00 price objective on shares of Mueller Water Products in a report on Thursday, September 21st. Finally, Robert W. Baird restated a “hold” rating and set a $14.00 price objective on shares of Mueller Water Products in a report on Wednesday, October 4th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $13.75.

Mueller Water Products Company Profile

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.

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

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