Insider Selling: Everpure (NYSE:P) Insider Sells 100,000 Shares of Company Stock

Key Points

• Insider John Colgrove sold 100,000 shares of Everpure stock at an average price of $115.96, generating approximately $11.6 million. The sale occurred under a pre-arranged Rule 10b5-1 plan, and he retained 5.79 million shares.
• Shares rose 11.1% to $121.80 after the company reported revenue growth of 37.7% year over year and quarterly EPS of $0.70, well above the $0.19 analyst consensus.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and a $137.15 target price; Citigroup raised its target to $160 following stronger-than-expected fiscal 2028 revenue guidance.

Everpure, Inc. (NYSE:P - Get Free Report) insider John Colgrove sold 100,000 shares of the business's stock in a transaction on Thursday, September 24th. The shares were 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 $671,792,111.64. The trade was a 1.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Colgrove also recently made the following trade(s):

• On Monday, September 21st, John Colgrove sold 100,000 shares of Everpure stock. The shares were sold at an average price of $110.35, for a total value of $11,035,000.00.
• On Thursday, September 10th, John Colgrove sold 100,000 shares of Everpure stock. The shares were sold at an average price of $94.95, for a total value of $9,495,000.00.
• On Friday, August 14th, John Colgrove sold 64,815 shares of Everpure stock. The stock was sold at an average price of $117.44, for a total value of $7,611,873.60.
• On Thursday, August 13th, John Colgrove sold 100,000 shares of Everpure stock. The shares were sold at an average price of $117.21, for a total value of $11,721,000.00.
• On Tuesday, August 11th, John Colgrove sold 100,000 shares of Everpure stock. The shares were sold at an average price of $104.39, for a total value of $10,439,000.00.
• On Monday, August 10th, John Colgrove sold 200,000 shares of Everpure stock. The stock was sold at an average price of $96.98, for a total value of $19,396,000.00.
• On Friday, August 7th, John Colgrove sold 35,185 shares of Everpure stock. The stock was sold at an average price of $90.01, for a total value of $3,167,001.85.
• On Tuesday, August 4th, John Colgrove sold 89,720 shares of Everpure stock. The shares were sold at an average price of $85.66, for a total transaction of $7,685,415.20.
• On Friday, July 10th, John Colgrove sold 100,000 shares of Everpure stock. The shares were sold at an average price of $79.82, for a total transaction of $7,982,000.00.

Everpure Trading Up 11.1%

P traded up $12.15 during trading on Thursday, hitting $121.80. 11,545,871 shares of the company's stock were exchanged, compared to its average volume of 3,750,213. Everpure, Inc. has a fifty-two week low of $56.78 and a fifty-two week high of $131.41. The company has a market cap of $40.59 billion, a PE ratio of 166.85, a P/E/G ratio of 4.46 and a beta of 1.43. The firm's 50 day moving average price is $94.42.

Everpure (NYSE:P - Get Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.51. The firm had revenue of $1.19 billion during the quarter. Everpure had a net margin of 5.94% and a return on equity of 19.06%. The company's quarterly revenue was up 37.7% compared to the same quarter last year. As a group, research analysts expect that Everpure, Inc. will post 0.96 earnings per share for the current year.

Key Stories Impacting Everpure

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: At its analyst day, Everpure reaffirmed its fiscal 2027 guidance and issued preliminary fiscal 2028 revenue guidance of $7.0 billion to $7.3 billion, implying approximately 39% to 45% growth and exceeding the roughly $6.2 billion Wall Street consensus. Management described the business as reaching an “inflection point,” supported by AI-driven storage demand, hyperscaler growth and four strategic growth areas. Everpure shares jump as fiscal 2028 outlook tops estimates
• Positive Sentiment: Investors and analysts viewed the outlook as evidence that Everpure’s revenue growth can accelerate while margins expand. The company’s latest quarter already showed strong momentum, with revenue up 37.7% year over year and EPS well above consensus.
• Positive Sentiment: Wall Street firms raised their targets following the announcement. Citigroup increased its target to $160 and maintained a Buy rating, while Needham and Guggenheim set targets of $150, and Wells Fargo raised its target to $145. Evercore and Wedbush also maintained favorable ratings. Everpure shares gain on guidance for accelerating growth
• Positive Sentiment: Everpure was again recognized as a Leader in Gartner’s Magic Quadrant for Infrastructure Platform Consumption Services, reinforcing its competitive positioning in cloud and enterprise data infrastructure. Everpure recognized as a Gartner Leader
• Neutral Sentiment: Trading was briefly halted under a volatility-related LULD pause as demand for the shares surged and volume rose well above its average.
• Negative Sentiment: Insider John Colgrove sold 100,000 shares for approximately $11 million. The transaction was made under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity, reducing concerns about discretionary selling, but it remains a potential overhang.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on P. Citigroup increased their price objective on Everpure from $130.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday. Zacks Research downgraded Everpure from a "strong-buy" rating to a "hold" rating in a report on Monday, July 27th. JPMorgan Chase & Co. increased their price target on Everpure from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Thursday, August 27th. Wedbush restated an "outperform" rating and set a $130.00 price objective on shares of Everpure in a research note on Thursday. Finally, Barclays lifted their price objective on shares of Everpure from $84.00 to $110.00 and gave the stock an "equal weight" rating in a report on Friday, August 28th. Seventeen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Everpure currently has a consensus rating of "Moderate Buy" and a consensus target price of $137.15.

Institutional Trading of Everpure

Institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank bought a new stake in Everpure during the fourth quarter worth $265,327,000. Turiya Advisors Asia Ltd bought a new position in Everpure in the 4th quarter valued at $67,010,000. JANA Partners Management LP purchased a new stake in shares of Everpure during the 2nd quarter valued at $77,939,000. Franklin Resources Inc. raised its stake in shares of 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 purchasing an additional 666,941 shares during the period. Finally, National Pension Service raised its stake in shares of Everpure by 782.9% during the 4th quarter. National Pension Service now owns 665,667 shares of the company's stock worth $44,606,000 after purchasing an additional 590,274 shares during the period. 83.42% of the stock is owned by hedge funds and other institutional investors.

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.

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