Fideuram Intesa Sanpaolo Private Banking S.P.A. Makes New $2.22 Million Investment in Mueller Water Products $MWA

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Mueller Water Products (NYSE:MWA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 93,302 shares of the industrial products company’s stock, valued at approximately $2,222,000.

A number of other large investors have also added to or reduced their stakes in MWA. Royal Bank of Canada grew its holdings in Mueller Water Products by 25.3% in the 1st quarter. Royal Bank of Canada now owns 153,043 shares of the industrial products company’s stock worth $3,890,000 after acquiring an additional 30,862 shares during the last quarter. AQR Capital Management LLC grew its holdings in Mueller Water Products by 87.2% in the 1st quarter. AQR Capital Management LLC now owns 122,472 shares of the industrial products company’s stock worth $3,113,000 after acquiring an additional 57,053 shares during the last quarter. Great Lakes Advisors LLC bought a new stake in Mueller Water Products in the 1st quarter worth $205,000. United Services Automobile Association bought a new stake in Mueller Water Products in the 1st quarter worth $212,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Mueller Water Products by 10.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 572,686 shares of the industrial products company’s stock worth $14,558,000 after acquiring an additional 56,404 shares during the last quarter. Institutional investors own 91.68% of the company’s stock.

Mueller Water Products Trading Up 1.9%

Shares of NYSE MWA opened at $25.47 on Thursday. Mueller Water Products has a 1 year low of $22.74 and a 1 year high of $31.00. The stock has a market cap of $3.99 billion, a P/E ratio of 19.44, a price-to-earnings-growth ratio of 1.13 and a beta of 1.08. The firm has a 50-day moving average of $27.63 and a 200 day moving average of $26.64. The company has a debt-to-equity ratio of 0.42, a current ratio of 4.57 and a quick ratio of 2.92.

Mueller Water Products (NYSE:MWA) last issued its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $2.16 earnings per share (EPS) for the quarter. Mueller Water Products had a net margin of 14.17% and a return on equity of 22.11%. The company had revenue of $1.19 billion during the quarter. As a group, sell-side analysts expect that Mueller Water Products will post 1.47 EPS for the current fiscal year.

Mueller Water Products Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Monday, May 11th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Monday, May 11th. Mueller Water Products’s dividend payout ratio (DPR) is 21.37%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on MWA shares. Robert W. Baird set a $33.00 price target on shares of Mueller Water Products in a report on Friday, February 6th. Oppenheimer reissued an “outperform” rating and issued a $32.00 price target (up from $30.00) on shares of Mueller Water Products in a report on Monday, February 9th. Royal Bank Of Canada raised their price target on shares of Mueller Water Products from $30.00 to $31.00 and gave the stock a “sector perform” rating in a report on Thursday, May 7th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $29.00 target price on shares of Mueller Water Products in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $31.25.

Insider Activity at Mueller Water Products

In other news, Director Gregg C. Sengstack bought 25,000 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was acquired at an average cost of $29.58 per share, with a total value of $739,500.00. Following the completion of the acquisition, the director owned 25,000 shares of the company’s stock, valued at approximately $739,500. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brian C. Healy bought 1,166 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was purchased at an average cost of $25.75 per share, with a total value of $30,024.50. Following the completion of the acquisition, the director directly owned 23,763 shares of the company’s stock, valued at approximately $611,897.25. The trade was a 5.16% increase in their position. The disclosure for this purchase is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is currently owned by corporate insiders.

Mueller Water Products Profile

Mueller Water Products, Inc is a leading provider of water infrastructure and flow control products and services designed to help water utilities and municipalities manage, control and measure their water distribution systems. The company’s portfolio includes a comprehensive range of products such as fire hydrants, valves, pipe repair systems, fittings and couplings, along with advanced metering and monitoring solutions. By combining traditional mechanical components with digital technologies, Mueller Water Products addresses the critical need for reliable and sustainable water distribution across North America.

The company’s operations are organized around two primary business segments.