SCHEDULE 13G/A: Franklin Mutual Advisers Discloses 4.5% Passive Stake in Mueller Water Products
Beneficial Ownership Disclosure
Franklin Mutual Advisers, LLC has filed an amended Schedule 13G, disclosing a 4.5% beneficial ownership stake in Mueller Water Products, Inc. as of December 31, 2024.
Summary
- Franklin Mutual Advisers, LLC reported beneficial ownership of 7,119,780 shares of Mueller Water Products, Inc. common stock.
- This ownership represents 4.5% of the total outstanding shares of the class of securities.
- The filing date for this Schedule 13G Amendment No. 1 was January 24, 2025, with the beneficial ownership calculated as of December 31, 2024.
- Franklin Mutual Advisers, LLC holds sole voting power over 6,701,617 shares and sole dispositive power over all 7,119,780 shares.
- The shares are held on behalf of investment management clients, including registered investment companies and other managed accounts.
- Franklin Mutual Advisers, LLC certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing disclosing an institutional ownership stake, providing factual information without expressing a positive or negative sentiment regarding the issuer's performance or outlook.
Positives
- The document indicates continued institutional investment by Franklin Mutual Advisers, LLC in Mueller Water Products, Inc., suggesting ongoing confidence from a major investment firm.
Future Outlook
NA
Industry Context
This filing is a routine disclosure of an institutional investor's passive stake and does not provide specific insights into broader industry trends or competitive landscape for Mueller Water Products, Inc.
Stakeholder Impact
- Shareholders: Provides transparency regarding the continued institutional ownership by Franklin Mutual Advisers, LLC in the company.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires filing of this statement (beneficial ownership calculation date) |
| 01/24/2025 | Date of filing of this Schedule 13G Amendment No. 1 |
Keywords
Mueller Water Products, Franklin Mutual Advisers, SEC filing, Schedule 13G, institutional ownership, common stock, beneficial ownership, investment adviser
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