Fifth Third Wealth Advisors 13F: Adds $822K to MLI Stake

Fifth Third Wealth Advisors boosted its position in Mueller Industries, Inc. (NYSE: MLI) by 289.0%, according to a Form 13F filing with the SEC on October 22, 2026. The fund purchased an additional 13,560 shares during the period, bringing its total holdings to 18,252 shares. That stake carried a reported value of $1,106,254 as of the filing date.

MLI Mueller Industries, Inc.

$54.11 ▼ -6.56% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Fifth Third Wealth Advisors's Mueller Industries Position

Fifth Third Wealth Advisors expanded its investment in the metal fabrication company by 289.0%, raising its share count from 4,692 up to 18,252 shares. The added shares increased the total value of the position to $1,106,254.

Other Institutional Activity in Mueller Industries

Other large investors also adjusted their positions in the company around the same time. Old National Bancorp grew its holdings by 107,765 shares, ending with 208,020 shares worth about $12,608,091. Vaughan Nelson Investment Management, L.P. lifted its position by 18.6%, owning 702,105 shares valued at approximately $94,355,890.52. First Trust Advisors LP added 2,476,063 shares for a 22.1% increase, holding 13,664,782 shares worth $739,401,362. AQR Capital Management, LLC trimmed its stake by 3.5%, leaving it with 9,414,946 shares valued at $509,442,733. William Blair Investment Management, LLC reduced its holdings by 5.9%, ending with 3,972,278 shares worth $214,939,965.

Mueller Industries, Inc. Stock Down 5.2%

Mueller Industries recently traded around $54.53 as of October 24, 2026, equal to its closing price on October 22, 2026. The stock sits 6.5% above its 52-week low of $51.20 and 23.3% below its 52-week high of $71.12.

Recent Earnings

Mueller Industries reported trailing-twelve-month revenue of $5,001,910,784 with earnings of $3.90 per share. The company posted a net profit margin of 17.3% and a return on equity of 26.3%.

Dividend

Mueller Industries pays an annual dividend rate of $0.70 per share, yielding 1.28% with a payout ratio of 16.7%.

Insider Buying and Selling at Mueller Industries, Inc.

Company insiders executed several transactions prior to the filing. Director John B. Hansen disposed of 3,444 shares on August 4, 2026, for a total value of $233,640. Chief Executive Officer Gregory L. Christopher sold 340,000 shares on August 11, 2026, valued at $23,384,310. Chief Financial Officer Jeffrey Andrew Martin sold 86,209 shares at an average price of $67.03 on August 13, 2026, totaling $5,778,848. Director Scott Jay Goldman sold 2,000 shares at an average price of $64.08 on August 27, 2026, worth $128,160.

Analysts Set New Price Targets

Analyst coverage includes a recent update from Freedom Broker, which maintained a Buy rating on Mueller Industries while lowering its price target from $80.00 to $76.00 on October 22, 2026. The stock carries a consensus strong buy recommendation from two analyst opinions with a mean price target of $78.00.

About Mueller Industries

Mueller Industries manufactures and sells copper, brass, and aluminum products for piping, industrial, and climate control uses. The firm operates across North America and international markets, supplying vital parts for plumbing and heating systems.

Bottom Line

Fifth Third Wealth Advisors' larger stake comes as institutional investors adjust positions ahead of the next earnings report scheduled for February 2, 2027. Investors will watch how valuation metrics and the company's dividend shift through the end of the year.