QRG Capital Management Inc. Makes New $1.11 Million Investment in Everpure, Inc. $P

Key Points

• QRG Capital Management acquired 14,094 Everpure shares worth approximately $1.11 million in the second quarter. Other institutional investors also initiated positions, and institutions now own 83.42% of the stock.
• Everpure reported quarterly revenue of $1.19 billion, up 37.7% year over year, while EPS of $0.70 exceeded analysts’ $0.19 consensus estimate by $0.51.
• Analysts maintain a generally bullish outlook, with a “Moderate Buy” consensus and an average price target of $138.25, but the stock’s elevated valuation and recent insider selling present risks.

QRG Capital Management Inc. acquired a new stake in shares of Everpure, Inc. (NYSE:P - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 14,094 shares of the company's stock, valued at approximately $1,110,000.

A number of other large investors also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Everpure during the second quarter worth about $785,000. Andra AP fonden bought a new position in Everpure in the 2nd quarter worth approximately $5,230,000. Sequoia Financial Advisors LLC purchased a new stake in Everpure during the 2nd quarter valued at approximately $814,000. Tidal Investments LLC purchased a new stake in Everpure during the 2nd quarter valued at approximately $14,252,000. Finally, Van Hulzen Asset Management LLC bought a new stake in shares of Everpure during the second quarter valued at approximately $5,382,000. Hedge funds and other institutional investors own 83.42% of the company's stock.

Everpure Stock Up 0.2%

P stock opened at $126.22 on Monday. Everpure, Inc. has a 52 week low of $56.78 and a 52 week high of $131.41. The company has a market capitalization of $42.06 billion, a price-to-earnings ratio of 172.91, a P/E/G ratio of 4.20 and a beta of 1.43. The company's fifty day simple moving average is $96.63.

Everpure (NYSE:P - Get Free Report) last posted its earnings results on Wednesday, August 26th. The company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.51. The firm 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 was up 37.7% on a year-over-year basis. Research analysts anticipate that Everpure, Inc. will post 0.95 EPS for the current fiscal year.

Insider Buying and Selling

In other Everpure news, insider John Colgrove sold 200,000 shares of the business's stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $96.98, for a total transaction of $19,396,000.00. Following the sale, the insider directly 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 in the last ninety days. Company insiders own 5.10% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on P shares. Wall Street Zen downgraded shares of Everpure from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 12th. Wedbush reaffirmed an "outperform" rating and set a $130.00 target price on shares of Everpure in a research note on Thursday. Oppenheimer reiterated an "outperform" rating and issued a $140.00 price target on shares of Everpure in a report on Thursday, August 20th. Weiss Ratings reiterated a "hold (c)" rating on shares of Everpure in a research note on Friday, July 17th. Finally, Lake Street Capital increased their price objective on shares of Everpure from $120.00 to $130.00 and gave the company a "buy" rating in a report on Thursday. Seventeen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $138.25.

Everpure News Summary

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: At its analyst meeting, Everpure projected fiscal 2028 revenue of $7.0 billion to $7.3 billion, implying 39%–45% growth and exceeding the approximately $6.2 billion consensus estimate. Management cited 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. Hyperscale customers and AI infrastructure are expected to support continued revenue acceleration and potentially improving margins. Everpure CEO says no sign of data-center slowdown
• Positive Sentiment: CFRA upgraded Everpure, while several analysts raised price targets. Citigroup lifted its target to $160, and Needham, Guggenheim, Wells Fargo and Piper Sandler also maintained bullish ratings with targets generally ranging from $145 to $162. Everpure rises on CFRA upgrade
• Positive Sentiment: Northland Securities raised its fiscal 2028 EPS estimates to $0.62 for the third quarter and $0.80 for the fourth quarter, up from $0.55 and $0.70, respectively. The revisions reinforce expectations for accelerating earnings.
• Positive Sentiment: Everpure’s latest quarter also showed strong momentum: revenue grew 37.7% year over year to $1.19 billion, while EPS of $0.70 significantly exceeded the $0.19 consensus estimate.
• Neutral Sentiment: Trading was briefly halted under a limit-up/limit-down pause amid unusually high volatility, highlighting the market’s strong reaction to the outlook.
• Negative Sentiment: Insider John Colgrove sold 100,000 shares for approximately $11.6 million under a pre-arranged Rule 10b5-1 plan. He still owns more than 5.7 million shares, but the sale—and other recent disposals—may concern investors at a richly valued stock.
• Negative Sentiment: Everpure trades at a very high earnings multiple, leaving limited room for disappointing growth, rising component costs or weaker pricing. Analysts and investors must determine whether AI-driven demand can justify the premium valuation.

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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