PNC Financial Services Group Inc. Sells 725 Shares of Mueller Water Products, Inc. (NYSE:MWA)

PNC Financial Services Group Inc. lessened its stake in Mueller Water Products, Inc. (NYSE:MWA) by 15.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,022 shares of the industrial products company’s stock after selling 725 shares during the period. PNC Financial Services Group Inc.’s holdings in Mueller Water Products were worth $90,000 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 the company. Barclays PLC grew its position in shares of Mueller Water Products by 361.6% in the 3rd quarter. Barclays PLC now owns 266,155 shares of the industrial products company’s stock worth $5,775,000 after buying an additional 208,502 shares during the last quarter. Duff & Phelps Investment Management Co. lifted its position in Mueller Water Products by 19.8% during the third quarter. Duff & Phelps Investment Management Co. now owns 390,199 shares of the industrial products company’s stock valued at $8,467,000 after acquiring an additional 64,399 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Mueller Water Products by 369.1% in the third quarter. Principal Financial Group Inc. now owns 98,457 shares of the industrial products company’s stock valued at $2,137,000 after acquiring an additional 77,467 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Mueller Water Products by 28.9% in the third quarter. BNP Paribas Financial Markets now owns 347,199 shares of the industrial products company’s stock worth $7,534,000 after purchasing an additional 77,772 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. increased its position in shares of Mueller Water Products by 57.9% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 31,931 shares of the industrial products company’s stock worth $718,000 after purchasing an additional 11,711 shares in the last quarter. 91.68% of the stock is currently owned by institutional investors.

Insider Transactions at Mueller Water Products

In other Mueller Water Products news, Director Lydia W. Thomas sold 17,092 shares of the company’s stock in a transaction 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 sale, the director now directly owns 126,689 shares of the company’s stock, valued at approximately $3,391,464.53. This represents a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brian Slobodow sold 11,132 shares of the 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 directly owns 7,376 shares in the company, valued at $182,408.48. This represents a 60.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

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

Mueller Water Products Stock Performance

Shares of MWA stock opened at $26.53 on Wednesday. The business has a fifty day moving average of $25.47 and a 200 day moving average of $23.78. Mueller Water Products, Inc. has a 1 year low of $14.81 and a 1 year high of $28.58. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.83 and a quick ratio of 2.38. The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of 30.85, a price-to-earnings-growth ratio of 1.43 and a beta of 1.39.

Mueller Water Products (NYSE:MWA) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.06. Mueller Water Products had a return on equity of 21.18% and a net margin of 10.05%. During the same period in the previous year, the business earned $0.13 earnings per share. As a group, research analysts expect that Mueller Water Products, Inc. will post 1.24 earnings per share for the current year.

Mueller Water Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Monday, February 10th were issued a $0.067 dividend. This represents a $0.27 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Monday, February 10th. Mueller Water Products’s dividend payout ratio (DPR) is currently 30.23%.

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.