Everpure (NYSE:P) Sets New 52-Week High Following Analyst Upgrade

Key Points

• Shares surged to a new 52-week high, trading as high as $127.67 after Wells Fargo raised its price target from $135 to $145 and maintained an overweight rating.
• Analyst sentiment remains broadly bullish: 17 analysts rate the stock a Buy, with a consensus “Moderate Buy” rating and an average price target of $131.55. The company also reported quarterly revenue growth of 37.7% and adjusted earnings that exceeded estimates.
• Insiders sold 908,050 shares worth nearly $90 million over the past 90 days, including a $11 million sale by John Colgrove under a pre-arranged plan to cover taxes. The article also highlights stronger long-term revenue expectations tied to artificial-intelligence demand and data-storage growth.

Shares of Everpure, Inc. (NYSE:P - Get Free Report) reached a new 52-week high during mid-day trading on Thursday after Wells Fargo & Company raised their price target on the stock from $135.00 to $145.00. Wells Fargo & Company currently has an overweight rating on the stock. Everpure traded as high as $127.67 and last traded at $129.5570, with a volume of 1730640 shares trading hands. The stock had previously closed at $109.65.

A number of other analysts also recently issued reports on the stock. Wedbush raised their price objective on shares of Everpure from $127.00 to $130.00 and gave the stock an "outperform" rating in a report on Thursday, August 27th. Morgan Stanley upped their price objective on Everpure from $108.00 to $119.00 and gave the company an "overweight" rating in a research note on Thursday, August 27th. Susquehanna reissued a "positive" rating and issued a $145.00 target price on shares of Everpure in a research report on Thursday, August 27th. TD Cowen boosted their price objective on Everpure from $100.00 to $170.00 and gave the company a "buy" rating in a research note on Tuesday, August 18th. Finally, Evercore reiterated an "outperform" rating and set a $130.00 target price on shares of Everpure in a research report on Monday, August 24th. Seventeen equities 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $131.55.

Insider Activity

In other news, insider John Colgrove sold 100,000 shares of Everpure stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $110.35, for a total transaction of $11,035,000.00. Following the completion of the sale, the insider owned 5,993,309 shares in the company, valued at approximately $661,361,648.15. This trade represents a 1.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Susan J.S. Taylor sold 8,543 shares of the company's stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $81.74, for a total transaction of $698,304.82. Following the completion of the transaction, the director owned 94,608 shares in the company, valued at approximately $7,733,257.92. This trade represents a 8.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 908,050 shares of company stock worth $89,995,156. Insiders own 5.10% of the company's stock.

More Everpure News

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Everpure raised its preliminary fiscal 2028 revenue outlook to $7.0 billion-$7.3 billion, well above the roughly $6.2 billion consensus estimate. Management said growth should accelerate as artificial-intelligence demand expands its data-storage and management business. Everpure Stock Rises as AI Demand Underpins Surprising Revenue Growth Acceleration
• Positive Sentiment: The company outlined four strategic growth areas at its analyst meeting, while reaffirming its fiscal 2027 outlook. The expansion of its business model provides a more favorable long-term revenue narrative. Everpure's Expanding Business Model Fuels New Long-Term Outlook
• Positive Sentiment: Analysts increased or reaffirmed bullish views following the update. Wells Fargo raised its target to $145 and assigned an overweight rating, while Needham and Guggenheim reiterated buy ratings with $150 targets. Wedbush maintained an outperform rating and a $130 target. These targets imply substantial upside from recent trading levels.
• Positive Sentiment: Everpure was again named a Leader in Gartner’s Magic Quadrant for Infrastructure Platform Consumption Services, supporting its competitive positioning in an expanding market. Everpure Recognized as a Leader in the 2026 Gartner Magic Quadrant
• Neutral Sentiment: Everpure appointed Alison McQuarrie as its A/NZ partners lead. The move may support regional channel growth but is unlikely to materially affect near-term earnings.
• Negative Sentiment: Insider John Colgrove sold 100,000 shares worth approximately $11.0 million. The transaction was executed under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity awards, reducing its bearish significance, but the sale nevertheless appears to be weighing on sentiment.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its stake in 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 last quarter. Norges Bank purchased a new position in shares of Everpure during the 4th quarter valued at about $265,327,000. Franklin Resources Inc. lifted its position in Everpure by 28.5% in 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 last quarter. Mariner LLC lifted its position in Everpure by 3.1% in the 4th quarter. Mariner LLC now owns 2,679,161 shares of the company's stock worth $179,538,000 after buying an additional 80,039 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Everpure by 20.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,554,240 shares of the company's stock worth $104,150,000 after buying an additional 265,846 shares in the last quarter. 83.42% of the stock is currently owned by hedge funds and other institutional investors.

Everpure Stock Up 15.7%

The stock's 50-day moving average is $94.42. The firm has a market cap of $42.28 billion, a price-to-earnings ratio of 175.72, a P/E/G ratio of 4.46 and a beta of 1.43.

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

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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