One Capital Management LLC Invests $2.30 Million in Everpure, Inc. $P

One Capital Management LLC bought a new stake in Everpure, Inc. (NYSE:P) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 29,201 shares of the company’s stock, valued at approximately $2,301,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Sunbelt Securities Inc. increased its holdings in Everpure by 287.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock valued at $28,000 after purchasing an additional 244 shares in the last quarter. Continuum Advisory LLC acquired a new position in Everpure in the second quarter worth $29,000. Banque Transatlantique SA bought a new stake in shares of Everpure during the third quarter worth $29,000. Reflection Asset Management bought a new stake in shares of Everpure during the fourth quarter worth $32,000. Finally, Greenline Wealth Management LLC acquired a new stake in shares of Everpure in the fourth quarter valued at $32,000. 83.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Bank of America raised Everpure from a “neutral” rating to a “buy” rating and lifted their price target for the company from $90.00 to $150.00 in a report on Thursday, August 27th. Evercore reissued an “outperform” rating and set a $130.00 price objective on shares of Everpure in a report on Monday, August 24th. Wall Street Zen upgraded shares of Everpure from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 29th. Lake Street Capital reissued a “buy” rating and issued a $120.00 price target on shares of Everpure in a report on Thursday, August 27th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Everpure in a research report on Friday, July 17th. Seventeen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $129.10.

Insider Buying and Selling

In other news, insider John Colgrove sold 200,000 shares of the company’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 completion of the transaction, the insider directly owned 6,474,080 shares of the company’s stock, valued at $627,856,278.40. This represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ajay Singh sold 9,787 shares of the stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $78.12, for a total value of $764,560.44. Following the transaction, the insider owned 340,939 shares of the company’s stock, valued at approximately $26,634,154.68. The trade was a 2.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 817,420 shares of company stock valued at $77,269,792. Company insiders own 5.10% of the company’s stock.

Everpure Stock Down 4.2%

Shares of P stock opened at $96.86 on Thursday. Everpure, Inc. has a 52 week low of $56.78 and a 52 week high of $119.10. The business’s 50 day moving average is $89.24. The firm has a market cap of $32.20 billion, a P/E ratio of 132.69, a P/E/G ratio of 4.07 and a beta of 1.43.

Everpure (NYSE:P) last released its quarterly earnings results on Wednesday, August 26th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.51. Everpure had a net margin of 5.94% and a return on equity of 19.06%. The company had revenue of $1.19 billion during the quarter. The company’s revenue was up 37.7% compared to the same quarter last year. On average, sell-side analysts forecast that Everpure, Inc. will post 0.96 earnings per share for the current year.

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.