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Christine Ortiz, a director at Mueller Water Products, Inc. (NYSE:MWA), has sold a portion of her holdings in the company. According to a recent SEC filing, Ortiz sold 3,875 shares of the company’s common stock on March 3, 2025. The shares were sold at an average price of $25.8773, generating a total of $100,274. The transaction comes as Mueller Water Products demonstrates strong market performance, with the stock delivering a remarkable 62% return over the past year and maintaining a solid dividend track record of 20 consecutive years of payments. This transaction was executed under a Rule 10b5-1 trading plan, which Ortiz adopted on May 10, 2024. Following this sale, Ortiz retains ownership of 38,200 shares in the company. The shares were sold in multiple transactions with prices ranging from $25.720 to $25.920. According to InvestingPro analysis, Mueller Water Products currently appears fairly valued, with a "GREAT" overall financial health score. InvestingPro has identified 10 additional investment tips for MWA, available along with comprehensive valuation metrics and detailed financial analysis in the Pro Research Report.
In other recent news, Mueller Water Products has reported a series of developments that may interest investors. The company held its annual meeting, where shareholders approved the election of nine directors and ratified the appointment of Ernst & Young LLP as the independent auditors for fiscal 2025. Additionally, they backed executive compensation and approved amendments to the 2006 Employee Stock Purchase Plan and the 2006 Stock Incentive Plan. These decisions reflect strong shareholder support and confidence in the company’s governance.
In financial updates, Mueller Water Products announced a quarterly dividend of $0.067 per share, payable to shareholders of record as of February 10, 2025. This dividend declaration underscores the company’s commitment to returning value to investors. RBC Capital Markets noted Mueller Water Products for its successful ramp-up of a new brass foundry, contributing to a notable stock rise of 72% year-to-date.
Furthermore, the company disclosed changes to the employment terms of CEO Marietta Edmunds Zakas. The revised agreement alters certain severance benefits, now applicable only following a Change-in-Control. Despite these changes, Zakas will retain her current compensation structure, including an annual base salary and bonus targets. These updates were detailed in a recent SEC filing, providing transparency about the executive’s compensation and severance terms.
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