Sarasin Partners Llp Lowers stake in Mueller Water Products (MWA)

Mueller Water Products (MWA) : Sarasin Partners Llp reduced its stake in Mueller Water Products by 36.87% during the most recent quarter end. The investment management company now holds a total of 54,287 shares of Mueller Water Products which is valued at $668,816 after selling 31,708 shares in Mueller Water Products , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Mueller Water Products makes up approximately 0.01% of Sarasin Partners Llp’s portfolio.

Other Hedge Funds, Including , Integrated Investment Consultants reduced its stake in MWA by selling 341 shares or 2.04% in the most recent quarter. The Hedge Fund company now holds 16,415 shares of MWA which is valued at $202,233. Mueller Water Products makes up approx 0.10% of Integrated Investment Consultants’s portfolio.Creative Planning reduced its stake in MWA by selling 512 shares or 85.33% in the most recent quarter. The Hedge Fund company now holds 88 shares of MWA which is valued at $1,037.

Mueller Water Products closed down -0.04 points or -0.32% at $12.32 with 11,63,094 shares getting traded on Friday. Post opening the session at $12.46, the shares hit an intraday low of $12.31 and an intraday high of $12.49 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Mueller Water Products reported $0.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.09. The company had revenue of $283.60 million for the quarter, compared to analysts expectations of $291.91 million. The company’s revenue was down -2.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.08 EPS.

Many Wall Street Analysts have commented on Mueller Water Products. Company shares were Reiterated by DA Davidson on Aug 5, 2016 to “Neutral”, Firm has raised the Price Target to $ 12 from a previous price target of $11 .

Mueller Water Products Inc. is a manufacturer and marketer of products and services used in the transmission distribution and measurement of water. The Company’s product portfolio includes engineered valves fire hydrants metering products and systems leak detection and pipe condition assessment which are used by municipalities and residential and non-residential construction industries. The Company operates through two segments: Mueller Co. and Anvil. The Company helps municipalities increase operational efficiencies improve customer service and prioritize capital spending. Mueller Co. manufactures valves for water and gas systems including iron gate butterfly tapping check plug and ball valves dry-barrel and wet-barrel fire hydrants and metering systems. The Company also manufactures fittings and couplings including cast iron fittings malleable iron fittings and unions grooved fittings threaded steel pipe coupling and nipples.

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