Mueller Slumps as Orders Decline Before Water Law Takes Effect
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Mueller Water Products Inc., a maker of hydrants, meters and pipe fittings, fell the most in five months as orders slipped before new regulations take effect next month.
Mueller Water declined 4.9 percent to $8.42 at the close in New York, the most since June 5. The Atlanta-based company has gained 50 percent this year, outperforming the 19 percent increase in the S&P Global Water Index.