Tidal Investments LLC Acquires New Shares in Everpure, Inc. $P

Tidal Investments LLC bought a new position in shares of Everpure, Inc. (NYSE:P) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 180,884 shares of the company’s stock, valued at approximately $14,252,000. Tidal Investments LLC owned approximately 0.05% of Everpure at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Sunbelt Securities Inc. raised its stake in shares of 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 during the period. Continuum Advisory LLC bought a new position in Everpure in the 2nd quarter worth about $29,000. Banque Transatlantique SA bought a new position in Everpure in the 3rd quarter worth about $29,000. Reflection Asset Management bought a new position in Everpure in the 4th quarter worth about $32,000. Finally, Greenline Wealth Management LLC purchased a new position in Everpure during the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Insider Transactions at Everpure

In related news, insider Ajay Singh sold 9,787 shares of the firm’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $78.12, for a total transaction of $764,560.44. Following the transaction, the insider directly owned 340,939 shares of the company’s stock, valued at approximately $26,634,154.68. This trade represents a 2.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Andrew Brown sold 4,735 shares of the business’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 value of $343,618.95. Following the completion of the sale, the director owned 27,683 shares of the company’s stock, valued at $2,008,955.31. The trade was a 14.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 717,520 shares of company stock valued at $70,172,896 over the last 90 days. Company insiders own 5.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on P shares. TD Cowen upped their price target on Everpure from $100.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, August 18th. Oppenheimer restated an “outperform” rating and issued a $140.00 price objective on shares of Everpure in a research report on Thursday, August 20th. 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 note on Thursday, August 27th. Citigroup upped their target price on shares of Everpure from $118.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $122.00 target price on shares of Everpure in a research note on Thursday, August 27th. Seventeen 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 stock. According to data from MarketBeat, Everpure has a consensus rating of “Moderate Buy” and an average target price of $129.10.

Everpure Stock Performance

Everpure stock opened at $98.05 on Friday. Everpure, Inc. has a fifty-two week low of $56.78 and a fifty-two week high of $119.10. The stock has a market cap of $32.67 billion, a PE ratio of 134.32, a P/E/G ratio of 3.78 and a beta of 1.43. The firm’s fifty day moving average is $90.17.

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