68,312 Shares in Everpure, Inc. $P Acquired by Van Hulzen Asset Management LLC

Van Hulzen Asset Management LLC bought a new stake in shares of Everpure, Inc. (NYSE:P - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 68,312 shares of the company's stock, valued at approximately $5,382,000.

A number of other institutional investors and hedge funds have also made changes to their positions in P. One Capital Management LLC lifted its stake in shares of Everpure by 1.0% during the 3rd quarter. One Capital Management LLC now owns 14,750 shares of the company's stock worth $1,236,000 after purchasing an additional 141 shares during the last quarter. Rothschild Investment LLC raised its holdings in Everpure by 18.1% in the fourth quarter. Rothschild Investment LLC now owns 993 shares of the company's stock worth $67,000 after purchasing an additional 152 shares in the last quarter. Transamerica Financial Advisors LLC raised its holdings in Everpure by 50.3% in the fourth quarter. Transamerica Financial Advisors LLC now owns 508 shares of the company's stock worth $34,000 after purchasing an additional 170 shares in the last quarter. National Bank of Canada FI lifted its position in shares of Everpure by 8.6% during the third quarter. National Bank of Canada FI now owns 2,334 shares of the company's stock valued at $196,000 after buying an additional 184 shares during the last quarter. Finally, Larson Financial Group LLC boosted its holdings in shares of Everpure by 8.5% in the 4th quarter. Larson Financial Group LLC now owns 2,420 shares of the company's stock valued at $162,000 after buying an additional 190 shares in the last quarter. 83.42% of the stock is currently owned by hedge funds and other institutional investors.

Everpure Price Performance

Shares of P stock opened at $96.86 on Thursday. The stock has a fifty day moving average price of $89.24. Everpure, Inc. has a 1 year low of $56.78 and a 1 year high of $119.10. The stock has a market cap of $32.20 billion, a price-to-earnings ratio of 132.69, a price-to-earnings-growth ratio of 4.07 and a beta of 1.43.

Everpure (NYSE:P - Get Free Report) last issued its quarterly 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 net margin of 5.94% and a return on equity of 19.06%. The company had revenue of $1.19 billion for the quarter. The company's revenue was up 37.7% on a year-over-year basis. Equities analysts predict that Everpure, Inc. will post 0.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on P. Wall Street Zen upgraded shares of Everpure from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 29th. Wells Fargo & Company lifted their price target on shares of Everpure from $97.00 to $135.00 and gave the stock an "overweight" rating in a report on Thursday, August 27th. Morgan Stanley upped their price target on Everpure from $108.00 to $119.00 and gave the stock an "overweight" rating in a research report on Thursday, August 27th. William Blair reiterated an "outperform" rating on shares of Everpure in a report on Thursday, May 28th. Finally, Raymond James Financial reissued an "outperform" rating and issued a $122.00 price objective on shares of Everpure in a research report on Thursday, August 27th. Seventeen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $129.10.

Insider Buying and Selling

In other Everpure news, insider Ajay Singh sold 9,787 shares of the company's stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $78.12, for a total value of $764,560.44. Following the sale, the insider directly owned 340,939 shares of the company's stock, valued at approximately $26,634,154.68. This represents a 2.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan J.S. Taylor sold 8,543 shares of the business's stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $81.74, for a total value of $698,304.82. Following the completion of the transaction, the director directly owned 94,608 shares of the company's stock, valued at approximately $7,733,257.92. This trade represents a 8.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 817,420 shares of company stock valued at $77,269,792 over the last 90 days. Insiders own 5.10% of the company's stock.

Everpure 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.

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