Wedbush Reiterates Outperform Rating for Everpure (NYSE:P)

Everpure (NYSE:P)‘s stock had its “outperform” rating reaffirmed by investment analysts at Wedbush in a report issued on Thursday, Benzinga reports. They presently have a $130.00 target price on the stock. Wedbush’s target price points to a potential upside of 0.18% from the company’s previous close.

Several other analysts also recently issued reports on P. Lake Street Capital reissued a “buy” rating and issued a $120.00 price target on shares of Everpure in a report on Thursday, August 27th. UBS Group increased their target price on shares of Everpure from $70.00 to $80.00 and gave the company a “sell” rating in a research report on Thursday, August 27th. Northland Securities boosted their target price on Everpure from $90.00 to $128.00 and gave the stock an “outperform” rating in a report on Friday, August 28th. William Blair reiterated an “outperform” rating on shares of Everpure in a research note on Thursday, May 28th. Finally, Guggenheim reissued a “buy” rating and issued a $150.00 target price on shares of Everpure in a research report on Thursday, August 27th. Seventeen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $135.20.

Everpure Stock Up 18.3%

Shares of NYSE P traded up $20.12 during midday trading on Thursday, hitting $129.77. The stock had a trading volume of 5,901,159 shares, compared to its average volume of 3,716,254. The company has a market cap of $43.24 billion, a P/E ratio of 177.62, a price-to-earnings-growth ratio of 4.46 and a beta of 1.43. The business has a fifty day moving average of $94.42. Everpure has a 1-year low of $56.78 and a 1-year high of $131.41.

Everpure (NYSE:P) last posted its earnings results 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 business had revenue of $1.19 billion during the quarter. Everpure had a return on equity of 19.06% and a net margin of 5.94%.The company’s quarterly revenue was up 37.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Everpure will post 0.96 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider John Colgrove sold 100,000 shares of the firm’s stock in a transaction on Monday, September 21st. The stock was sold at an average price of $110.35, for a total value of $11,035,000.00. Following the completion of the sale, the insider directly owned 5,993,309 shares in the company, valued at approximately $661,361,648.15. This trade represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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 business’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 of the company’s stock, valued at $7,733,257.92. This trade represents a 8.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 908,050 shares of company stock worth $89,995,156. 5.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Everpure

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

Trending Headlines about Everpure

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Everpure said AI-driven demand, hyperscale customers and four strategic growth areas should support accelerating revenue growth through fiscal 2028. Analysts highlighted stronger growth prospects, expanding margins and a broader business model. Everpure shares jump 16% as fiscal 2028 outlook tops estimates
• Positive Sentiment: The company reaffirmed its fiscal 2027 outlook and provided preliminary fiscal 2028 revenue guidance well above consensus, reinforcing the view that demand for data-storage infrastructure remains strong. Everpure’s Expanding Business Model Fuels New Long-Term Outlook
• Positive Sentiment: Multiple analysts raised targets following the outlook update: Citigroup lifted its target to $160 while Wells Fargo, Needham and Guggenheim raised or maintained bullish targets of $145–$150. Wedbush reaffirmed an outperform rating. Citigroup Adjusts Price Target on Everpure
• Neutral Sentiment: Trading was briefly halted under a limit-up/limit-down pause, reflecting unusually rapid price movement and elevated volatility rather than a fundamental change in the business.
• Negative Sentiment: An insider sold 100,000 shares worth approximately $11 million. The transaction was made under a pre-arranged Rule 10b5-1 plan to cover tax obligations, which reduces—but does not eliminate—the signaling concern. Everpure Insider Sells 100,000 Shares

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.