John Colgrove Sells 100,000 Shares of Everpure (NYSE:P) Stock

Everpure, Inc. (NYSE:P) insider John Colgrove sold 100,000 shares of the company’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $94.95, for a total transaction of $9,495,000.00. Following the completion of the transaction, the insider directly owned 2,465,000 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. 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 stock was sold at an average price of $117.44, for a total value 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 value of $11,721,000.00.
• On Tuesday, August 11th, John Colgrove sold 100,000 shares of Everpure stock. The shares were 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 shares were 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 shares were sold at an average price of $79.82, for a total value of $7,982,000.00.

Everpure Stock Down 4.5%

NYSE P traded down $4.45 during trading hours on Monday, reaching $93.73. 2,668,128 shares of the company traded hands, compared to its average volume of 3,285,389. Everpure, Inc. has a 12 month low of $56.78 and a 12 month high of $119.10. The stock has a market capitalization of $31.23 billion, a PE ratio of 128.39, a PEG ratio of 3.95 and a beta of 1.43. The stock has a 50 day simple moving average of $90.17.

Everpure (NYSE:P) last released its earnings results on Wednesday, August 26th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.51. The company had revenue of $1.19 billion during the quarter. Everpure had a net margin of 5.94% and a return on equity of 19.06%. Everpure’s quarterly revenue was up 37.7% on a year-over-year basis. Analysts forecast that Everpure, Inc. will post 0.96 EPS for the current year.

Hedge Funds Weigh In On Everpure

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Continuum Advisory LLC acquired a new stake in shares of Everpure during the 2nd quarter worth approximately $29,000. Reflection Asset Management acquired a new position in Everpure during the 4th quarter valued at approximately $32,000. SHP Wealth Management acquired a new position in Everpure during the 4th quarter valued at approximately $36,000. Rothschild Investment LLC grew its stake in Everpure by 18.1% during the 4th quarter. Rothschild Investment LLC now owns 993 shares of the company’s stock worth $67,000 after buying an additional 152 shares during the last quarter. Finally, Ancora Advisors LLC bought a new position in Everpure during the 2nd quarter worth $67,000. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on P. JPMorgan Chase & Co. upped their price objective on Everpure from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, August 27th. Barclays boosted their price target on Everpure from $84.00 to $110.00 and gave the company an “equal weight” rating in a report on Friday, August 28th. Zacks Research lowered Everpure from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Raymond James Financial restated an “outperform” rating and set a $122.00 price objective on shares of Everpure in a research note on Thursday, August 27th. Finally, Susquehanna reaffirmed a “positive” rating and issued a $145.00 price objective on shares of Everpure in a report on Thursday, August 27th. Seventeen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.