Everpure (NYSE:P) Price Target Raised to $150.00 at Needham & Company LLC

Key Points

• Needham raised Everpure’s price target to $150 from $140 and maintained a “buy” rating, implying approximately 36.9% upside from the reported share price.
• Analyst sentiment is broadly positive: 17 analysts rate the stock “buy,” three rate it “hold,” and one rates it “sell,” with a consensus price target of $129.60.
• Everpure beat quarterly earnings expectations, reporting $0.70 per share versus the $0.19 consensus, while revenue rose 37.7% year over year to $1.19 billion. However, insiders have sold roughly $90 million of stock over the past 90 days.

Everpure (NYSE:P - Get Free Report) had its target price hoisted by equities research analysts at Needham & Company LLC from $140.00 to $150.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a "buy" rating on the stock. Needham & Company LLC's price target would indicate a potential upside of 36.91% from the company's current price.

Several other research firms have also recently issued reports on P. Susquehanna reiterated a "positive" rating and issued a $145.00 price objective on shares of Everpure in a research report on Thursday, August 27th. Raymond James Financial restated an "outperform" rating and set a $122.00 target price on shares of Everpure in a research report on Thursday, August 27th. Guggenheim reaffirmed a "buy" rating and set a $150.00 price target on shares of Everpure in a research note on Thursday, August 27th. UBS Group raised their price objective on shares of Everpure from $70.00 to $80.00 and gave the company a "sell" rating in a research note on Thursday, August 27th. Finally, Wedbush boosted their price objective on shares of Everpure from $127.00 to $130.00 and gave the stock an "outperform" rating in a report on Thursday, August 27th. Seventeen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Everpure has a consensus rating of "Moderate Buy" and a consensus price target of $129.60.

Everpure Trading Down 1.2%

Shares of Everpure stock opened at $109.56 on Thursday. The firm has a market capitalization of $36.51 billion, a price-to-earnings ratio of 150.08, a price-to-earnings-growth ratio of 4.46 and a beta of 1.43. Everpure has a 52-week low of $56.78 and a 52-week high of $119.10. The business's 50-day moving average price is $94.42.

Everpure (NYSE:P - Get Free Report) last announced its quarterly earnings data on Wednesday, August 26th. The company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.51. The company 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 was up 37.7% on a year-over-year basis. Equities analysts forecast that Everpure will post 0.96 EPS for the current fiscal year.

Insider Buying and Selling

In other Everpure news, insider John Colgrove sold 100,000 shares of the firm's stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $110.35, for a total value of $11,035,000.00. Following the sale, the insider directly owned 5,993,309 shares of the company's stock, valued at approximately $661,361,648.15. This trade represents a 1.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Susan J.S. Taylor sold 8,543 shares of Everpure stock in a transaction that occurred 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 transaction, the director directly owned 94,608 shares in the company, valued at approximately $7,733,257.92. This trade represents a 8.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 908,050 shares of company stock worth $89,995,156. 5.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Everpure

Large investors have recently modified their holdings of the stock. QRG Capital Management Inc. purchased a new stake in shares of Everpure during the second quarter valued at approximately $1,110,000. Envestnet Portfolio Solutions Inc. purchased a new position in Everpure in the 2nd quarter valued at about $785,000. Andra AP fonden acquired a new stake in shares of Everpure during the second quarter valued at about $5,230,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Everpure during the second quarter worth about $814,000. Finally, Tidal Investments LLC acquired a new position in shares of Everpure in the second quarter worth about $14,252,000. Institutional investors and hedge funds own 83.42% of the company's stock.

Key Stories Impacting Everpure

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: At its 2026 Financial Analyst Meeting, Everpure raised its preliminary FY 2028 revenue outlook to $7.0 billion-$7.3 billion, well above the approximately $6.2 billion consensus estimate. Management highlighted four growth areas intended to support durable, accelerated expansion. Everpure raises FY28 revenue outlook
• Positive Sentiment: The company reaffirmed its FY 2027 outlook while presenting a new long-term business model centered on expanding storage and data-management services. The stronger outlook helped fuel investor optimism about future growth. Everpure’s Expanding Business Model Fuels New Long-Term Outlook
• Positive Sentiment: Everpure was recognized as a Leader in Gartner’s 2026 Magic Quadrant for Infrastructure Platform Consumption Services for the second consecutive year, supporting the company’s credibility and competitive positioning in its target market. Everpure recognized as a Gartner Leader
• Neutral Sentiment: Everpure appointed Alison McQuarrie to lead its Australia and New Zealand partner organization. The move may strengthen regional channel execution, but the immediate financial impact is unclear. Everpure appoints A/NZ partners lead
• Negative Sentiment: Insider John Colgrove sold 100,000 shares for approximately $11.0 million. The transaction was conducted under a pre-arranged Rule 10b5-1 plan to cover tax withholding from vested equity awards, which reduces its signaling value, but it still adds selling pressure after several prior sales. Everpure shares down on insider selling

Everpure Company 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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