Key Points
- Insider John Colgrove sold 100,000 shares of Everpure at an average price of $94.95, generating $9.495 million. The transaction, conducted under a Rule 10b5-1 plan, reduced his ownership by 3.9% but left him with approximately 2.465 million shares.
- Colgrove has made several additional sales in recent months, including more than $50 million in August and July transactions, indicating sustained insider selling.
- Everpure reported quarterly earnings of $0.70 per share versus the $0.19 consensus estimate, while revenue rose 37.7% year over year to $1.19 billion. Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $129.10, although the article notes that Everpure is a Pentair-owned brand rather than a separately listed company.
Everpure, Inc. (NYSE:P - Get Free Report) insider John Colgrove sold 100,000 shares of the firm's stock in a transaction on 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 sale, the insider owned 2,465,000 shares in the company, valued at approximately $234,051,750. The trade was a 3.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 stock was 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 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 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
Shares of Everpure stock opened at $93.73 on Tuesday. The firm has a market cap of $31.23 billion, a price-to-earnings ratio of 128.39, a PEG ratio of 3.95 and a beta of 1.43. The company has a 50 day moving average price of $90.49. Everpure, Inc. has a 52-week low of $56.78 and a 52-week high of $119.10.
Everpure (NYSE:P - Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $1.19 billion during the quarter. Everpure had a return on equity of 19.06% and a net margin of 5.94%.The firm's quarterly revenue was up 37.7% on a year-over-year basis. As a group, analysts anticipate that Everpure, Inc. will post 0.96 EPS for the current fiscal year.
Institutional Investors Weigh In On Everpure
Large investors have recently made changes to their positions in the stock. Continuum Advisory LLC acquired a new position in Everpure during the second quarter worth $29,000. Reflection Asset Management bought a new position in shares of Everpure in the 4th quarter valued at about $32,000. SHP Wealth Management bought a new position in shares of Everpure in the 4th quarter valued at about $36,000. Rothschild Investment LLC increased its stake in shares of Everpure by 18.1% during the 4th quarter. Rothschild Investment LLC now owns 993 shares of the company's stock worth $67,000 after purchasing an additional 152 shares during the last quarter. Finally, Ancora Advisors LLC bought a new stake in shares of Everpure in the 2nd quarter valued at about $67,000. Institutional investors and hedge funds own 83.42% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the stock. UBS Group increased their target price on shares of Everpure from $70.00 to $80.00 and gave the stock a "sell" rating in a report on Thursday, August 27th. Wells Fargo & Company lifted their price target on shares of Everpure from $97.00 to $135.00 and gave the company an "overweight" rating in a research note on Thursday, August 27th. DA Davidson set a $100.00 price target on shares of Everpure in a research report on Wednesday, July 1st. Piper Sandler restated an "overweight" rating and set a $133.00 price objective (up from $92.00) on shares of Everpure in a research note on Thursday, August 27th. Finally, Bank of America upgraded shares of Everpure from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $90.00 to $150.00 in a research note on Thursday, August 27th. Seventeen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Everpure has a consensus rating of "Moderate Buy" and an average target price of $129.10.
View Our Latest Report on P
Everpure Company Profile
(
Get Free Report)
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.
Further Reading
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