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

Everpure, Inc. (NYSE:PGet 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.

Everpure (NYSE:PGet Free Report) last released its 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 during the quarter. Everpure had a net margin of 5.94% and a return on equity of 19.06%. The business’s revenue was up 37.7% on a year-over-year basis. As a group, equities analysts anticipate that Everpure, Inc. will post 0.96 earnings per share for the current year.

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.

Read Our Latest Report on P

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

(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.

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Insider Buying and Selling by Quarter for Everpure (NYSE:P)

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