Key Points
- Insider John Colgrove sold 100,000 shares at an average price of $110.35, generating $11.04 million. The sale was conducted under a pre-arranged Rule 10b5-1 plan to cover tax withholding tied to vested equity awards, reducing his ownership by 1.64%.
- Everpure reported quarterly EPS of $0.70, exceeding the $0.19 consensus estimate, while revenue reached $1.19 billion—up 37.7% year over year.
- Analyst sentiment remains largely positive, with 17 Buy, three Hold, and one Sell rating and an average price target of $129.10; institutional investors own 83.42% of the stock.
Everpure, Inc. (NYSE:P - Get Free Report) insider John Colgrove sold 100,000 shares of the stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $110.35, for a total transaction of $11,035,000.00. Following the transaction, the insider owned 5,993,309 shares of the company's stock, valued at approximately $661,361,648.15. This represents a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
John Colgrove also recently made the following trade(s):
- On Thursday, September 10th, John Colgrove sold 100,000 shares of Everpure stock. The shares were sold at an average price of $94.95, for a total value of $9,495,000.00.
- 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 shares were 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 stock was 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 transaction of $7,982,000.00.
Everpure Stock Performance
Shares of P opened at $110.77 on Wednesday. The firm has a market capitalization of $36.91 billion, a P/E ratio of 151.73, a price-to-earnings-growth ratio of 4.57 and a beta of 1.43. Everpure, Inc. has a 1-year low of $56.78 and a 1-year high of $119.10. The stock's fifty day moving average price is $93.64.
Everpure (NYSE:P - Get Free Report) last posted its quarterly earnings results on Wednesday, August 26th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.51. The firm had revenue of $1.19 billion for the quarter. Everpure had a net margin of 5.94% and a return on equity of 19.06%. The firm's quarterly revenue was up 37.7% compared to the same quarter last year. On average, analysts predict that Everpure, Inc. will post 0.96 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of P. Paradigm Capital Management Inc. NY bought a new stake in shares of Everpure during the second quarter worth approximately $2,127,000. Nykredit A S bought a new position in shares of Everpure during the second quarter worth approximately $9,412,000. Sequoia Financial Advisors LLC acquired a new stake in Everpure during the 2nd quarter worth approximately $814,000. Raiffeisen Bank International AG acquired a new stake in Everpure during the 2nd quarter worth approximately $25,525,000. Finally, Wellington Management Group LLP bought a new stake in Everpure in the 2nd quarter valued at $2,192,000. Institutional investors and hedge funds own 83.42% of the company's stock.
Analyst Ratings Changes
A number of equities analysts recently commented on the company. Citigroup lifted their price target on Everpure from $118.00 to $130.00 and gave the stock a "buy" rating in a report on Thursday, August 27th. William Blair restated an "outperform" rating on shares of Everpure in a research note on Thursday, May 28th. UBS Group raised their price objective on Everpure from $70.00 to $80.00 and gave the company a "sell" rating in a research report on Thursday, August 27th. Oppenheimer reiterated an "outperform" rating and set a $140.00 target price on shares of Everpure in a research note on Thursday, August 20th. Finally, Evercore reissued an "outperform" rating and set a $130.00 target price on shares of Everpure in a report on Monday, August 24th. Seventeen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $129.10.
Read Our Latest Research 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
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
