9,967 Shares in Everpure, Inc. $P Bought by Envestnet Portfolio Solutions Inc.

Key Points

• Envestnet Portfolio Solutions initiated a position in Everpure, purchasing 9,967 shares valued at approximately $785,000. Institutional investors and hedge funds collectively own 83.42% of the stock.
• Analysts remain broadly bullish, with 17 Buy ratings, three Holds and one Sell, producing a “Moderate Buy” consensus and an average price target of $138.25.
• Everpure reported strong quarterly momentum, beating earnings estimates with $0.70 EPS versus $0.19 expected and generating $1.19 billion in revenue, up 37.7% year over year. However, the stock’s high valuation, negative operating cash flow and recent insider selling pose risks.

Envestnet Portfolio Solutions Inc. bought a new position in shares of Everpure, Inc. (NYSE:P - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 9,967 shares of the company's stock, valued at approximately $785,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in shares of Everpure by 2.8% in the 4th 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 bought a new position in Everpure in the fourth quarter valued at approximately $265,327,000. Franklin Resources Inc. lifted its stake in Everpure by 28.5% in the fourth quarter. Franklin Resources Inc. now owns 3,007,431 shares of the company's stock valued at $201,528,000 after buying an additional 666,941 shares in the last quarter. 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 owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on P. Raymond James Financial reissued an "outperform" rating and set a $122.00 price objective on shares of Everpure in a research report on Thursday, August 27th. UBS Group upped their target price on shares of Everpure from $70.00 to $80.00 and gave the stock a "sell" rating in a research note on Thursday, August 27th. Northland Securities set a $167.00 target price on Everpure in a report on Thursday. Needham & Company LLC lifted their price target on Everpure from $140.00 to $150.00 and gave the company a "buy" rating in a research note on Thursday, September 24th. Finally, Wedbush restated an "outperform" rating and issued a $130.00 price target on shares of Everpure in a report on Thursday, September 24th. Seventeen equities 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $138.25.

Insiders Place Their Bets

In other Everpure news, insider Ajay Singh sold 42,930 shares of the business's stock in a transaction dated Thursday, September 24th. The shares were sold at an average price of $124.17, for a total value of $5,330,618.10. Following the completion of the sale, the insider owned 288,362 shares of the company's stock, valued at $35,805,909.54. The trade was a 12.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John Colgrove sold 100,000 shares of the stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $115.96, for a total transaction of $11,596,000.00. Following the transaction, the insider owned 5,793,309 shares in the company, valued at approximately $671,792,111.64. The trade was a 1.70% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,050,980 shares of company stock valued at $106,921,774 in the last three months. Insiders own 5.10% of the company's stock.

Everpure Trading Up 2.7%

NYSE P opened at $129.41 on Tuesday. Everpure, Inc. has a 52-week low of $56.78 and a 52-week high of $131.41. The firm has a market cap of $43.12 billion, a PE ratio of 177.27, a PEG ratio of 4.20 and a beta of 1.43. The business's 50-day moving average is $97.82.

Everpure (NYSE:P - Get Free Report) last posted its earnings results on Wednesday, August 26th. The company reported $0.70 EPS for the quarter, beating the consensus estimate 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 for the quarter was up 37.7% compared to the same quarter last year. On average, equities analysts anticipate that Everpure, Inc. will post 0.95 EPS for the current fiscal year.

More Everpure News

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Upbeat long-term forecast: Everpure’s forecast of roughly $7 billion in revenue reportedly exceeded Wall Street models, reinforcing optimism about demand from hyperscale customers and future growth. The company’s revenue recently rose 38% year over year to approximately $1.2 billion. Everpure’s $7 Billion Forecast Just Blew Past Wall Street’s Numbers
• Positive Sentiment: Analyst support is strengthening: J.P. Morgan maintained its Buy rating, while Northland Securities raised its forecast for Everpure’s first-quarter earnings. Additional coverage has highlighted improving earnings expectations and higher price targets. J.P. Morgan Sticks to Its Buy Rating for Everpure Everpure Q1 Earnings Forecast Raised by Northland Securities
• Positive Sentiment: Strong recent earnings momentum: Everpure beat quarterly earnings expectations by a wide margin, reporting $0.70 per share versus a $0.19 consensus estimate, while revenue reached $1.19 billion. This supports the bullish narrative, although the stock already trades at a very high earnings multiple.
• Neutral Sentiment: Valuation debate: A comparison with Vontier frames Everpure as a technology-services growth company rather than an obvious value stock. With a P/E ratio above 177, investors are paying heavily for continued execution and rapid expansion. VNT vs. P: Which Stock Should Value Investors Buy Now?
• Negative Sentiment: Cash-flow concerns: Despite strong revenue and operating-profit growth, Everpure posted negative operating cash flow of approximately $136 million. That raises questions about the quality and sustainability of reported earnings as the company invests for expansion. Everpure: Every Analyst Raised Targets After Analyst Day
• Negative Sentiment: Insider selling: Director Ajay Singh sold 42,930 shares for approximately $5.3 million, reducing his position by nearly 13%. The sale may be routine, but it can weigh on sentiment while the stock trades near record levels. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.