Tidal Investments LLC Takes Position in Everpure, Inc. $P

Tidal Investments LLC acquired a new position in Everpure, Inc. (NYSE:P) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 180,884 shares of the company’s stock, valued at approximately $14,252,000.

Other large investors have also recently modified their holdings of the company. Sunbelt Securities Inc. lifted its stake in shares of Everpure by 287.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock valued at $28,000 after acquiring an additional 244 shares during the last quarter. Continuum Advisory LLC bought a new position in Everpure during the 2nd quarter worth approximately $29,000. Banque Transatlantique SA purchased a new position in Everpure in the 3rd quarter worth approximately $29,000. Reflection Asset Management purchased a new position in Everpure in the 4th quarter worth approximately $32,000. Finally, Greenline Wealth Management LLC bought a new stake in Everpure in the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Insiders Place Their Bets

In other Everpure news, insider John Colgrove sold 64,815 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $117.44, for a total value of $7,611,873.60. Following the completion of the transaction, the insider directly owned 6,074,080 shares in the company, valued at approximately $713,339,955.20. This represents a 1.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ajay Singh sold 9,787 shares of the firm’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $78.12, for a total transaction of $764,560.44. Following the completion of the sale, the insider directly owned 340,939 shares of the company’s stock, valued at approximately $26,634,154.68. This represents a 2.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 717,520 shares of company stock worth $70,172,896. Insiders own 5.10% of the company’s stock.

Analyst Upgrades and Downgrades

P has been the subject of a number of analyst reports. Oppenheimer reissued an “outperform” rating and set a $140.00 price objective on shares of Everpure in a research note on Thursday, August 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everpure in a research note on Friday, July 17th. William Blair reiterated an “outperform” rating on shares of Everpure in a report on Thursday, May 28th. Lake Street Capital reissued a “buy” rating and set a $120.00 price target on shares of Everpure in a research report on Thursday, August 27th. Finally, Evercore reissued an “outperform” rating and issued a $130.00 price target on shares of Everpure in a report on Monday, August 24th. Seventeen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Everpure presently has an average rating of “Moderate Buy” and a consensus price target of $129.10.

Everpure Price Performance

P opened at $98.05 on Friday. Everpure, Inc. has a one year low of $56.78 and a one year high of $119.10. The firm’s 50 day simple moving average is $90.17. The company has a market cap of $32.67 billion, a price-to-earnings ratio of 134.32, a price-to-earnings-growth ratio of 3.78 and a beta of 1.43.

Everpure (NYSE:P) last issued its quarterly earnings data on Wednesday, August 26th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.51. Everpure had a return on equity of 19.06% and a net margin of 5.94%.The firm had revenue of $1.19 billion for the quarter. The company’s quarterly revenue was up 37.7% on a year-over-year basis. On average, analysts anticipate that Everpure, Inc. will post 0.96 earnings per share for the current fiscal year.

Everpure Profile

Everpure is a water-treatment and filtration brand owned by Pentair plc, rather than a separately listed company trading under the NYSE symbol P. The brand provides filtration and water-conditioning solutions for residential, commercial, foodservice, and beverage applications.

Its product portfolio includes water filters, cartridges, heads, manifolds, reverse-osmosis systems, scale-reduction products, and related treatment equipment. Everpure systems are used to improve water quality and help protect equipment in applications such as drinking-water dispensers, coffee and tea equipment, ice machines, restaurants, and other foodservice operations.

Everpure was established in 1933 and serves customers through Pentair’s global water-solutions business.