Everpure, Inc. (NYSE:P) Receives Consensus Rating of “Moderate Buy” from Analysts

Everpure, Inc. (NYSE:P) has been assigned a consensus rating of “Moderate Buy” from the twenty-one ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $129.10.

Several research firms recently weighed in on P. Citigroup boosted their price objective on Everpure from $118.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, August 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everpure in a report on Friday, July 17th. Raymond James Financial reaffirmed an “outperform” rating and issued a $122.00 price target on shares of Everpure in a research report on Thursday, August 27th. Piper Sandler reiterated an “overweight” rating and set a $133.00 price target (up from $92.00) on shares of Everpure in a report on Thursday, August 27th. Finally, Wall Street Zen cut Everpure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 12th.

Everpure Stock Up 0.8%

NYSE:P opened at $97.74 on Friday. The firm has a market cap of $32.57 billion, a price-to-earnings ratio of 133.90, a PEG ratio of 3.90 and a beta of 1.43. Everpure has a 1 year low of $56.78 and a 1 year high of $119.10. The firm has a fifty day moving average price of $91.26.

Everpure (NYSE:P) last released its 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. Everpure had a net margin of 5.94% and a return on equity of 19.06%. The firm had revenue of $1.19 billion during the quarter. Everpure’s revenue for the quarter was up 37.7% on a year-over-year basis. Equities analysts anticipate that Everpure will post 0.96 EPS for the current fiscal year.

Insider Activity at Everpure

In other Everpure news, Director Susan J.S. Taylor sold 8,543 shares of the firm’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $81.74, for a total value of $698,304.82. Following the sale, the director directly owned 94,608 shares in the company, valued at $7,733,257.92. This trade represents a 8.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John Colgrove sold 200,000 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $96.98, for a total transaction of $19,396,000.00. Following the transaction, the insider owned 6,474,080 shares in the company, valued at approximately $627,856,278.40. The trade was a 3.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 817,520 shares of company stock worth $79,667,896 in the last ninety days. 5.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Everpure

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC acquired a new position in Everpure in the 2nd quarter valued at approximately $814,000. Tidal Investments LLC acquired a new stake in shares of Everpure during the 2nd quarter worth approximately $14,252,000. Van Hulzen Asset Management LLC bought a new stake in shares of Everpure during the second quarter valued at approximately $5,382,000. One Capital Management LLC bought a new stake in shares of Everpure during the second quarter valued at approximately $2,301,000. Finally, National Pension Service bought a new stake in shares of Everpure during the second quarter valued at approximately $4,400,000. 83.42% of the stock is currently owned by institutional investors.

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.