6,691 Shares in Everpure, Inc. $P Acquired by Wedmont Private Capital

Wedmont Private Capital bought a new stake in Everpure, Inc. (NYSE:P) during the second quarter, HoldingsChannel reports. The institutional investor bought 6,691 shares of the company’s stock, valued at approximately $531,000.

Other large investors have also recently bought and sold shares of the company. Sunbelt Securities Inc. increased its position in Everpure by 287.1% during the third quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock worth $28,000 after buying an additional 244 shares in the last quarter. Continuum Advisory LLC purchased a new stake in shares of Everpure in the second quarter valued at $29,000. Banque Transatlantique SA purchased a new stake in shares of Everpure in the third quarter valued at $29,000. Reflection Asset Management acquired a new stake in shares of Everpure during the fourth quarter valued at $32,000. Finally, Greenline Wealth Management LLC acquired a new stake in shares of Everpure during the fourth quarter valued at $32,000. Institutional investors and hedge funds own 83.42% of the company’s stock.

Analysts Set New Price Targets

P has been the subject of a number of recent research reports. Needham & Company LLC lifted their price objective on Everpure from $100.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 27th. Zacks Research lowered shares of Everpure from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Barclays raised their price target on shares of Everpure from $84.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Friday, August 28th. Guggenheim reiterated a “buy” rating and set a $150.00 price target on shares of Everpure in a report on Thursday, August 27th. Finally, Wells Fargo & Company boosted their price objective on shares of Everpure from $97.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday, August 27th. Seventeen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.10.

Insider Activity at Everpure

In other news, insider John Colgrove sold 200,000 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $96.98, for a total transaction of $19,396,000.00. Following the transaction, the insider directly owned 6,474,080 shares in the company, valued at $627,856,278.40. This represents a 3.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Andrew Brown sold 4,735 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $72.57, for a total transaction of $343,618.95. Following the completion of the sale, the director directly owned 27,683 shares in the company, valued at $2,008,955.31. This represents a 14.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 717,520 shares of company stock worth $70,172,896. 5.10% of the stock is owned by insiders.

Everpure Stock Performance

Shares of NYSE:P opened at $94.13 on Friday. The stock has a market capitalization of $31.29 billion, a P/E ratio of 128.95, a P/E/G ratio of 3.90 and a beta of 1.43. The firm has a fifty day simple moving average of $89.67. Everpure, Inc. has a 52 week low of $56.78 and a 52 week high of $119.10.

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. Everpure had a return on equity of 19.06% and a net margin of 5.94%.The firm had revenue of $1.19 billion for the quarter. The company’s revenue was up 37.7% compared to the same quarter last year. Research analysts forecast that Everpure, Inc. will post 0.96 earnings per share for the current year.

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.