27,821 Shares in Everpure, Inc. $P Acquired by Wellington Management Group LLP

Wellington Management Group LLP bought a new stake in shares of Everpure, Inc. (NYSE:P) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 27,821 shares of the company’s stock, valued at approximately $2,192,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in P. Integrated Wealth Concepts LLC bought a new position in shares of Everpure in the first quarter worth about $541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Everpure by 129.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,742 shares of the company’s stock worth $387,000 after purchasing an additional 4,926 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Everpure by 109.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,137,939 shares of the company’s stock worth $50,377,000 after purchasing an additional 595,307 shares in the last quarter. Empowered Funds LLC raised its position in shares of Everpure by 4.2% during the 1st quarter. Empowered Funds LLC now owns 4,790 shares of the company’s stock valued at $212,000 after purchasing an additional 194 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of Everpure by 261.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,203 shares of the company’s stock valued at $184,000 after purchasing an additional 2,316 shares during the period. 83.42% of the stock is owned by hedge funds and other institutional investors.

Everpure Price Performance

P opened at $94.13 on Friday. The company has a market cap of $31.29 billion, a P/E ratio of 128.95, a PEG ratio of 3.90 and a beta of 1.43. The firm’s 50-day moving average is $89.67. Everpure, Inc. has a 52 week low of $56.78 and a 52 week high of $119.10.

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

Analysts Set New Price Targets

A number of equities research analysts have commented on P shares. Bank of America raised Everpure from a “neutral” rating to a “buy” rating and raised their price target for the company from $90.00 to $150.00 in a report on Thursday, August 27th. Citigroup increased their target price on Everpure from $118.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, August 27th. Needham & Company LLC lifted their target price on Everpure from $100.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 27th. Wedbush boosted their price target on Everpure from $127.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, August 27th. Finally, DA Davidson set a $100.00 price objective on shares of Everpure in a report on Wednesday, July 1st. Seventeen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $129.10.

Insider Transactions at Everpure

In related news, insider John Colgrove sold 64,815 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $117.44, for a total value of $7,611,873.60. Following the sale, the insider owned 6,074,080 shares in the company, valued at approximately $713,339,955.20. The trade was a 1.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Susan J.S. Taylor sold 8,543 shares of the company’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $81.74, for a total transaction of $698,304.82. Following the sale, the director directly owned 94,608 shares in the company, valued at approximately $7,733,257.92. The trade was a 8.28% decrease in their position. 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.

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.