Northland Securities Expects Stronger Earnings for Everpure

Key Points

• Northland Securities raised Everpure’s Q3 2028 EPS estimate to $0.62 from $0.55 and forecast Q4 2028 EPS of $0.80, above the company’s current full-year consensus estimate of $0.96.
• Analyst sentiment remains broadly bullish: 17 analysts rate the stock a Buy, with a consensus “Moderate Buy” rating and average price target of $137.15.
• Everpure recently reported strong results, including 37.7% year-over-year revenue growth to $1.19 billion and EPS of $0.70 versus the $0.19 consensus, though its high valuation and recent insider selling present potential risks.

Everpure, Inc. (NYSE:P - Free Report) - Northland Securities raised their Q3 2028 earnings per share (EPS) estimates for shares of Everpure in a research note issued on Thursday, September 24th. Northland Securities analyst N. Chokshi now anticipates that the company will post earnings of $0.62 per share for the quarter, up from their previous estimate of $0.55. The consensus estimate for Everpure's current full-year earnings is $0.96 per share. Northland Securities also issued estimates for Everpure's Q4 2028 earnings at $0.80 EPS.

A number of other research firms have also commented on P. Lake Street Capital lifted their target price on shares of Everpure from $120.00 to $130.00 and gave the stock a "buy" rating in a report on Thursday. William Blair restated an "outperform" rating on shares of Everpure in a research report on Thursday, May 28th. Guggenheim reaffirmed a "buy" rating and set a $150.00 price objective on shares of Everpure in a research note on Thursday. Susquehanna reiterated a "positive" rating and issued a $145.00 price objective on shares of Everpure in a report on Thursday, August 27th. Finally, Evercore reissued an "outperform" rating and issued a $145.00 target price on shares of Everpure in a research note on Thursday. Seventeen research 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's stock. According to data from MarketBeat, Everpure has a consensus rating of "Moderate Buy" and an average target price of $137.15.

Everpure Price Performance

Shares of NYSE P opened at $121.80 on Friday. The firm has a 50 day simple moving average of $95.49. Everpure has a fifty-two week low of $56.78 and a fifty-two week high of $131.41. The firm has a market capitalization of $40.59 billion, a price-to-earnings ratio of 166.85, a P/E/G ratio of 4.46 and a beta of 1.43.

Everpure (NYSE:P - Get Free Report) last issued its earnings results on Wednesday, August 26th. The company reported $0.70 earnings per share (EPS) for the quarter, beating 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 firm's revenue was up 37.7% on a year-over-year basis.

Insider Buying and Selling at Everpure

In other news, insider John Colgrove sold 200,000 shares of the business's stock in a transaction on Monday, August 10th. The shares were sold at an average price of $96.98, for a total value of $19,396,000.00. Following the completion of the transaction, the insider owned 6,474,080 shares of the company's stock, valued at $627,856,278.40. The trade was a 3.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,008,050 shares of company stock worth $101,591,156 over the last quarter. Company insiders own 5.10% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its position 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 worth $515,972,000 after purchasing an additional 207,317 shares during the period. Norges Bank bought a new stake in Everpure during the 4th quarter worth approximately $265,327,000. Franklin Resources Inc. raised its holdings in Everpure by 28.5% during the 4th quarter. Franklin Resources Inc. now owns 3,007,431 shares of the company's stock worth $201,528,000 after buying an additional 666,941 shares during the period. Mariner LLC lifted its stake in Everpure by 3.1% in the fourth quarter. Mariner LLC now owns 2,679,161 shares of the company's stock valued at $179,538,000 after buying an additional 80,039 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Everpure by 20.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,554,240 shares of the company's stock valued at $104,150,000 after buying an additional 265,846 shares during the period. 83.42% of the stock is currently owned by institutional investors.

Everpure News Summary

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, implying 39% to 45% growth and exceeding the approximately $6.2 billion analyst consensus. Management identified four strategic growth areas and described the business as reaching an “inflection point.” Everpure shares jump as fiscal 2028 outlook tops estimates
• Positive Sentiment: Management reaffirmed its fiscal 2027 outlook and said it sees no sign of a slowdown in data-center demand. Continued AI investment and expanding business with hyperscalers are expected to support accelerating revenue and potentially wider margins. No sign of data center slowdown, says Everpure CEO
• Positive Sentiment: Analysts responded favorably, with Citigroup raising its price target to $160 and Needham, Guggenheim and Wells Fargo also lifting targets while maintaining bullish ratings. The broader analyst consensus remains “Moderate Buy.” Wall Street raises Everpure targets after upbeat outlook
• Positive Sentiment: The outlook builds on strong recent execution: quarterly revenue grew 37.7% year over year to $1.19 billion, while EPS of $0.70 substantially exceeded the $0.19 consensus estimate.
• Neutral Sentiment: Trading was briefly halted under a limit-up/limit-down pause as volatility increased, highlighting the intensity of the market’s reaction to the forecast.
• Negative Sentiment: Insider John Colgrove sold 100,000 shares for approximately $11.6 million under a pre-arranged Rule 10b5-1 plan. Although he retained more than 5.7 million shares, the sale adds a modest cautionary signal after the recent rally. SEC insider transaction filing
• Negative Sentiment: Everpure trades at a very high earnings multiple relative to the broader market, leaving the stock vulnerable if AI-driven growth, pricing power or supply-chain economics fall short of expectations.

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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