Everpure, Inc. (NYSE:P – Get Free Report) insider John Colgrove sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $94.95, for a total value of $9,495,000.00. Following the sale, the insider directly 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 sale 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 shares were 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 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 transaction of $7,982,000.00.
Everpure Price Performance
P stock traded down $4.45 during mid-day trading on Monday, reaching $93.73. 2,668,128 shares of the stock traded hands, compared to its average volume of 3,285,389. Everpure, Inc. has a one year low of $56.78 and a one year high of $119.10. The firm has a market cap of $31.23 billion, a PE ratio of 128.39, a PEG ratio of 3.95 and a beta of 1.43. The company has a 50-day simple moving average of $90.17.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Everpure from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, August 27th. Northland Securities boosted their price objective on Everpure from $90.00 to $128.00 and gave the company an “outperform” rating in a report on Friday, August 28th. Evercore reiterated an “outperform” rating and issued a $130.00 target price on shares of Everpure in a research note on Monday, August 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Everpure in a research report on Friday, July 17th. Finally, Barclays boosted their target price on shares of Everpure from $84.00 to $110.00 and gave the company an “equal weight” rating in a research note on Friday, August 28th. Seventeen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $129.10.
Institutional Trading of Everpure
Large investors have recently modified their holdings of the company. Rothschild Investment LLC boosted its holdings in Everpure by 18.1% in the 4th quarter. Rothschild Investment LLC now owns 993 shares of the company’s stock worth $67,000 after acquiring an additional 152 shares during the period. Larson Financial Group LLC raised its stake in shares of Everpure by 8.5% during the fourth quarter. Larson Financial Group LLC now owns 2,420 shares of the company’s stock valued at $162,000 after purchasing an additional 190 shares during the period. Kestra Investment Management LLC lifted its position in shares of Everpure by 1.5% during the fourth quarter. Kestra Investment Management LLC now owns 18,046 shares of the company’s stock worth $1,209,000 after purchasing an additional 275 shares in the last quarter. Clearstead Advisors LLC lifted its position in shares of Everpure by 29.7% during the fourth quarter. Clearstead Advisors LLC now owns 1,240 shares of the company’s stock worth $83,000 after purchasing an additional 284 shares in the last quarter. Finally, Continuum Advisory LLC acquired a new position in shares of Everpure during the second quarter worth $29,000. Hedge funds and other institutional investors own 83.42% of the company’s stock.
About Everpure
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.
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