Everpure (NYSE:P) Given "Outperform" Rating at Wedbush

Key Points

• Wedbush reaffirmed an “Outperform” rating on Everpure with a $130 price target, implying 6.73% upside; analysts overall maintain a “Moderate Buy” consensus with a $137.15 average target.
• Shares rose 11.1% to $121.80 after Everpure reported 37.7% year-over-year revenue growth to $1.19 billion and quarterly EPS of $0.70, well above the $0.19 consensus estimate.
• Insider John Colgrove sold 100,000 shares for approximately $11.6 million under a pre-arranged Rule 10b5-1 plan, while institutional investors own a substantial 83.42% of the company.

Everpure (NYSE:P - Get Free Report)'s stock had its "outperform" rating reaffirmed by stock analysts at Wedbush in a research note issued to investors on Thursday, Benzinga reports. They presently have a $130.00 price target on the stock. Wedbush's price target would suggest a potential upside of 6.73% from the company's current price.

Several other research analysts have also recently weighed in on P. Raymond James Financial restated an "outperform" rating and issued a $122.00 price objective on shares of Everpure in a research report on Thursday, August 27th. TD Cowen upped their price objective on shares of Everpure from $100.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, August 18th. Evercore restated an "outperform" rating and issued a $130.00 price objective on shares of Everpure in a research report on Monday, August 24th. Barclays upped their price objective on shares of Everpure from $84.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Friday, August 28th. Finally, Guggenheim restated a "buy" rating and issued a $150.00 price objective on shares of Everpure in a research report on Thursday, August 27th. Seventeen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $137.15.

Everpure Stock Up 11.1%

Shares of P stock traded up $12.15 during trading on Thursday, hitting $121.80. The company had a trading volume of 11,610,814 shares, compared to its average volume of 3,750,550. The business's 50-day simple moving average is $94.42. The firm has a market cap of $40.59 billion, a PE ratio of 166.85, 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 $131.41.

Everpure (NYSE:P - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $1.19 billion for the quarter. Everpure had a net margin of 5.94% and a return on equity of 19.06%. The business's revenue for the quarter was up 37.7% compared to the same quarter last year. On average, research analysts anticipate that Everpure will post 0.96 EPS for the current fiscal year.

Insider Transactions at Everpure

In other Everpure news, insider John Colgrove sold 100,000 shares of the company's stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $115.96, for a total value of $11,596,000.00. Following the completion of the sale, the insider owned 5,793,309 shares of the company's stock, valued at $671,792,111.64. This represents a 1.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,008,050 shares of company stock valued at $101,591,156 over the last ninety days. 5.10% of the stock is owned by corporate insiders.

Institutional Trading of Everpure

Hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in shares of Everpure by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 7,716,158 shares of the company's stock valued at $515,972,000 after purchasing an additional 207,317 shares during the period. Norges Bank purchased a new stake in shares of Everpure during the fourth quarter valued at approximately $265,327,000. Franklin Resources Inc. boosted its stake in shares of Everpure by 28.5% during the fourth quarter. Franklin Resources Inc. now owns 3,007,431 shares of the company's stock valued at $201,528,000 after purchasing an additional 666,941 shares during the period. Mariner LLC boosted its stake in shares of Everpure by 3.1% during the fourth quarter. Mariner LLC now owns 2,679,161 shares of the company's stock valued at $179,538,000 after purchasing an additional 80,039 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Everpure by 20.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,554,240 shares of the company's stock valued at $104,150,000 after purchasing an additional 265,846 shares during the period. Hedge funds and other institutional investors own 83.42% of the company's stock.

More Everpure News

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: At its analyst day, Everpure issued preliminary fiscal 2028 revenue guidance of $7.0 billion to $7.3 billion, representing approximately 39% to 45% growth and exceeding the roughly $6.2 billion consensus estimate. Management cited four strategic growth areas, including expanding hyperscale opportunities, and reaffirmed its fiscal 2027 outlook. Everpure shares jump as fiscal 2028 outlook tops estimates
• Positive Sentiment: Investors responded favorably to expectations that AI-related demand will accelerate revenue growth and improve operating leverage, helping Everpure reach what its CEO described as an “inflection point.” Everpure Stock Leads S&P 500 Gainers After Rosy Outlook on AI Demand
• Positive Sentiment: Several analysts raised their targets following the outlook. Citigroup increased its target to $160 while maintaining a Buy rating; Needham and Guggenheim moved to $150, and Wells Fargo raised its target to $145. Evercore ISI also maintained an Outperform rating. Citigroup raises Everpure price target
• Positive Sentiment: The company’s recent operating momentum provides additional support: quarterly revenue rose 37.7% year over year to $1.19 billion, while adjusted earnings substantially exceeded analyst expectations.
• Neutral Sentiment: Trading was briefly halted under a limit-up/limit-down pause amid the heavy buying activity, highlighting elevated volatility rather than a change in fundamentals.
• Negative Sentiment: Insider John Colgrove sold 100,000 shares for approximately $11.6 million, reducing his ownership by 1.7%. However, the transaction was executed under a pre-arranged Rule 10b5-1 plan, and he still owned approximately 5.8 million shares afterward, limiting its bearish significance. SEC insider transaction filing

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.