Everpure (NYSE:P) Insider Sells $9,495,000.00 in Stock

Everpure, Inc. (NYSE:P) insider John Colgrove sold 100,000 shares of the business’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $94.95, for a total transaction of $9,495,000.00. Following the transaction, the insider owned 2,465,000 shares in the company, valued at $234,051,750. The trade was a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Colgrove also recently made the following trade(s):

• On Friday, August 14th, John Colgrove sold 64,815 shares of Everpure stock. The shares were sold at an average price of $117.44, for a total transaction of $7,611,873.60.
• On Thursday, August 13th, John Colgrove sold 100,000 shares of Everpure stock. The stock was sold at an average price of $117.21, for a total transaction of $11,721,000.00.
• On Tuesday, August 11th, John Colgrove sold 100,000 shares of Everpure stock. The stock was sold at an average price of $104.39, for a total value of $10,439,000.00.
• On Monday, August 10th, John Colgrove sold 200,000 shares of Everpure stock. The shares were sold at an average price of $96.98, for a total value of $19,396,000.00.
• On Friday, August 7th, John Colgrove sold 35,185 shares of Everpure stock. The stock was sold at an average price of $90.01, for a total value of $3,167,001.85.
• On Tuesday, August 4th, John Colgrove sold 89,720 shares of Everpure stock. The stock was sold at an average price of $85.66, for a total value of $7,685,415.20.
• On Friday, July 10th, John Colgrove sold 100,000 shares of Everpure stock. The stock was sold at an average price of $79.82, for a total value of $7,982,000.00.

Everpure Stock Performance

NYSE P opened at $97.74 on Thursday. The business’s fifty day moving average is $91.26. The stock has a market cap of $32.57 billion, a price-to-earnings ratio of 133.90, a PEG ratio of 3.90 and a beta of 1.43. Everpure, Inc. has a 52 week low of $56.78 and a 52 week high of $119.10.

Everpure (NYSE:P) last announced its quarterly earnings data on Wednesday, August 26th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.51. Everpure had a net margin of 5.94% and a return on equity of 19.06%. The firm had revenue of $1.19 billion during the quarter. Everpure’s quarterly revenue was up 37.7% compared to the same quarter last year. As a group, equities research analysts expect that Everpure, Inc. will post 0.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Paradigm Capital Management Inc. NY purchased a new position in Everpure in the second quarter valued at $2,127,000. Raiffeisen Bank International AG acquired a new position in Everpure during the second quarter worth approximately $25,525,000. Wellington Management Group LLP purchased a new stake in Everpure in the 2nd quarter valued at $2,192,000. S&CO Inc. acquired a new position in Everpure in the second quarter valued at $15,003,000. Finally, Van Hulzen Asset Management LLC purchased a new stake in shares of Everpure in the second quarter valued at about $5,382,000. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

P has been the topic of several analyst reports. Barclays lifted their price target on shares of Everpure from $84.00 to $110.00 and gave the company an “equal weight” rating in a research report on Friday, August 28th. Evercore reissued an “outperform” rating and set a $130.00 target price on shares of Everpure in a research note on Monday, August 24th. Northland Securities lifted their target price on Everpure from $90.00 to $128.00 and gave the company an “outperform” rating in a research report on Friday, August 28th. Guggenheim reaffirmed a “buy” rating and issued a $150.00 price target on shares of Everpure in a research note on Thursday, August 27th. Finally, Piper Sandler reiterated an “overweight” rating and set a $133.00 price target (up from $92.00) on shares of Everpure in a report on Thursday, August 27th. Seventeen research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Everpure has a consensus rating of “Moderate Buy” and an average target price of $129.10.

Everpure Company 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.