Thu Sep 19 08:19:46 UTC 2024: ## Dimensional Fund Advisors Reduces Mueller Industries Holdings
**New York, NY – September 19, 2024** – Dimensional Fund Advisors LP, a prominent institutional investor, reduced its stake in Mueller Industries, Inc. (NYSE: MLI) by 0.5% during the second quarter, according to Holdings Channel. The firm now owns 4,153,715 shares of the industrial products company, valued at $236,512,000.
Other institutional investors have also adjusted their positions in Mueller Industries. International Assets Investment Management LLC and Federated Hermes Inc. both acquired new stakes in the company during the second quarter, while Opal Wealth Advisors LLC and LifeSteps Financial Inc. acquired new positions during the first quarter. CWM LLC, meanwhile, raised its stake by 36.9% during the first quarter.
Mueller Industries, which manufactures and sells copper, brass, aluminum, and plastic products, opened at $70.94 on Thursday. The company boasts a market capitalization of $8.06 billion and a dividend yield of 1.13%.
Recently, CEO Gregory L. Christopher sold 45,000 shares of the company’s stock, while Director John B. Hansen sold 8,000 shares. Insiders have sold a total of 103,000 shares in the last ninety days, representing 2.80% of the company’s stock.
Mueller Industries is set to pay a quarterly dividend of $0.20 on September 20th to stockholders of record on September 6th. The company’s dividend payout ratio stands at 16.03%.
**For more information on institutional holdings and insider trades for Mueller Industries, Inc., visit HoldingsChannel.com.**
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