Everpure (NYSE:P) Insider John Colgrove Sells 100,000 Shares of Stock

Everpure, Inc. (NYSE:P) insider John Colgrove sold 100,000 shares of the stock in a transaction that occurred 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 directly owned 5,793,309 shares of the company’s stock, valued at $671,792,111.64. This represents a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 stock was sold at an average price of $110.35, for a total transaction 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 shares were 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 stock was 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 shares were 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 stock was sold at an average price of $85.66, for a total value 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 value of $7,982,000.00.

Everpure Stock Up 11.1%

NYSE P traded up $12.15 during trading on Thursday, hitting $121.80. 11,545,871 shares of the company’s stock traded hands, compared to its average volume of 3,750,213. The stock has a market capitalization of $40.59 billion, a PE ratio of 166.85, a price-to-earnings-growth ratio of 4.46 and a beta of 1.43. Everpure, Inc. has a 12-month low of $56.78 and a 12-month high of $131.41. The business’s 50 day simple moving average is $94.42.

Everpure (NYSE:P) last posted its 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 firm had revenue of $1.19 billion during the quarter. The company’s revenue for the quarter was up 37.7% compared to the same quarter last year. On average, research analysts expect that Everpure, Inc. will post 0.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in P. Continuum Advisory LLC purchased a new stake in shares of Everpure in the second quarter worth $29,000. Reflection Asset Management purchased a new position in Everpure during the fourth quarter worth about $32,000. SHP Wealth Management bought a new position in Everpure in the 4th quarter worth about $36,000. Rothschild Investment LLC increased its stake in Everpure by 18.1% in the 4th quarter. Rothschild Investment LLC now owns 993 shares of the company’s stock worth $67,000 after acquiring an additional 152 shares during the last quarter. Finally, Ancora Advisors LLC purchased a new stake in shares of Everpure in the 2nd quarter valued at about $67,000. Institutional investors own 83.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on P shares. Weiss Ratings reissued a “hold (c)” rating on shares of Everpure in a report on Friday, July 17th. Evercore reiterated an “outperform” rating and issued a $145.00 price target on shares of Everpure in a research report on Thursday. Wells Fargo & Company boosted their price objective on Everpure from $135.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday. Northland Securities set a $167.00 target price on Everpure in a research note on Thursday. Finally, Piper Sandler lifted their target price on Everpure from $133.00 to $162.00 and gave the company an “overweight” rating in a report on Thursday. Seventeen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $137.15.

Everpure News Summary

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.

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.