Everpure’s (P) Outperform Rating Reiterated at Wedbush

Everpure (NYSE:P)‘s stock had its “outperform” rating reissued by stock analysts at Wedbush in a report released on Thursday, Benzinga reports. They presently have a $130.00 target price on the stock. Wedbush’s target price indicates a potential upside of 6.73% from the company’s previous close.

A number of other research firms have also commented on P. Raymond James Financial reiterated an “outperform” rating and set a $122.00 price objective on shares of Everpure in a research note on Thursday, August 27th. UBS Group lifted their price target on shares of Everpure from $70.00 to $80.00 and gave the stock a “sell” rating in a research report on Thursday, August 27th. Piper Sandler lifted their price target on shares of Everpure from $133.00 to $162.00 and gave the stock an “overweight” rating in a research report on Thursday. Weiss Ratings restated a “hold (c)” rating on shares of Everpure in a research report on Friday, July 17th. Finally, Oppenheimer restated an “outperform” rating and issued a $140.00 price target on shares of Everpure in a research report on Thursday, August 20th. Seventeen equities research 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’s stock. According to data from MarketBeat, Everpure has an average rating of “Moderate Buy” and an average price target of $137.15.

Everpure Stock Performance

Shares of NYSE P traded up $12.15 during mid-day trading on Thursday, reaching $121.80. 11,610,814 shares of the company traded hands, compared to its average volume of 3,750,550. Everpure has a fifty-two week low of $56.78 and a fifty-two week high of $131.41. The firm has a market capitalization of $40.59 billion, a price-to-earnings ratio of 166.85, a PEG ratio of 4.46 and a beta of 1.43. The company has a fifty day moving average of $95.49.

Everpure (NYSE:P) last posted its quarterly earnings data on Wednesday, August 26th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter. The company’s revenue was up 37.7% compared to the same quarter last year. As a group, sell-side analysts predict that Everpure will post 0.96 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider John Colgrove sold 200,000 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $96.98, for a total value of $19,396,000.00. Following the completion of the transaction, the insider owned 6,474,080 shares of the company’s stock, valued at approximately $627,856,278.40. This trade represents a 3.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 1,008,050 shares of company stock valued at $101,591,156. Company insiders own 5.10% of the company’s stock.

Hedge Funds Weigh In On Everpure

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in Everpure by 2.8% in the 4th 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 period. Norges Bank purchased a new position in shares of Everpure during the 4th quarter valued at $265,327,000. Franklin Resources Inc. grew its holdings 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 valued at $201,528,000 after acquiring an additional 666,941 shares in the last quarter. Mariner LLC grew its holdings in shares of Everpure by 3.1% during the 4th quarter. Mariner LLC now owns 2,679,161 shares of the company’s stock valued at $179,538,000 after acquiring an additional 80,039 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Everpure by 20.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,554,240 shares of the company’s stock valued at $104,150,000 after acquiring an additional 265,846 shares in the last quarter. Institutional investors and hedge funds own 83.42% of the company’s stock.

More Everpure News

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: At its analyst day, Everpure issued preliminary fiscal 2028 revenue guidance of $7.0 billion to $7.3 billion, representing approximately 39% to 45% growth and exceeding the roughly $6.2 billion consensus estimate. Management cited four strategic growth areas, including expanding hyperscale opportunities, and reaffirmed its fiscal 2027 outlook. Everpure shares jump as fiscal 2028 outlook tops estimates
• Positive Sentiment: Investors responded favorably to expectations that AI-related demand will accelerate revenue growth and improve operating leverage, helping Everpure reach what its CEO described as an “inflection point.” Everpure Stock Leads S&P 500 Gainers After Rosy Outlook on AI Demand
• Positive Sentiment: Several analysts raised their targets following the outlook. Citigroup increased its target to $160 while maintaining a Buy rating; Needham and Guggenheim moved to $150, and Wells Fargo raised its target to $145. Evercore ISI also maintained an Outperform rating. Citigroup raises Everpure price target
• Positive Sentiment: The company’s recent operating momentum provides additional support: quarterly revenue rose 37.7% year over year to $1.19 billion, while adjusted earnings substantially exceeded analyst expectations.
• Neutral Sentiment: Trading was briefly halted under a limit-up/limit-down pause amid the heavy buying activity, highlighting elevated volatility rather than a change in fundamentals.
• Negative Sentiment: Insider John Colgrove sold 100,000 shares for approximately $11.6 million, reducing his ownership by 1.7%. However, the transaction was executed under a pre-arranged Rule 10b5-1 plan, and he still owned approximately 5.8 million shares afterward, limiting its bearish significance. 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.