Everpure (NYSE:P) Shares Climb 5% Following Analyst Upgrade

Everpure, Inc. (NYSE:P) shares shot up 5% during mid-day trading on Friday after Barclays raised their price target on the stock from $110.00 to $132.00. Barclays currently has an equal weight rating on the stock. Everpure traded as high as $127.89 and last traded at $128.0330. 3,162,470 shares were traded during trading, a decline of 16% from the average daily volume of 3,746,926 shares. The stock had previously closed at $121.88.

P has been the subject of several other reports. Wall Street Zen lowered Everpure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 12th. JPMorgan Chase & Co. raised their price target on Everpure from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, August 27th. UBS Group lifted their price target on Everpure from $70.00 to $80.00 and gave the company a “sell” rating in a report on Thursday, August 27th. TD Cowen increased their price objective on shares of Everpure from $100.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, August 18th. Finally, Northland Securities set a $167.00 price objective on shares of Everpure in a report on Thursday. Seventeen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued 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 $138.25.

Insider Buying and Selling at Everpure

In other news, insider John Colgrove sold 200,000 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $96.98, for a total transaction of $19,396,000.00. Following the completion of the sale, the insider owned 6,474,080 shares in the company, valued at approximately $627,856,278.40. The trade was a 3.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 1,008,050 shares of company stock valued at $101,591,156. Insiders own 5.10% of the company’s stock.

Key Headlines Impacting Everpure

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: At its analyst meeting, Everpure projected fiscal 2028 revenue of $7.0 billion to $7.3 billion, representing approximately 39% to 45% growth and exceeding the roughly $6.2 billion analyst consensus. Management identified four strategic growth areas and described the business as reaching an “inflection point.” Everpure shares jump as fiscal 2028 outlook tops estimates
• Positive Sentiment: CEO Charles Giancarlo said there is no sign of a slowdown in data-center demand, with hyperscale customers and AI workloads supporting expectations for accelerating growth. Everpure also reaffirmed its fiscal 2027 guidance. No sign of data center slowdown, says Everpure CEO
• Positive Sentiment: Analysts raised their expectations following the outlook. CFRA upgraded Everpure, while Northland Securities increased its Q3 2028 EPS forecast to $0.62 from $0.55 and its Q4 forecast to $0.80 from $0.70. Citigroup also raised its price target to $160 and maintained a Buy rating. Everpure rises on back of CFRA upgrade
• Positive Sentiment: The growth forecast builds on strong recent execution: quarterly revenue rose 37.7% year over year to $1.19 billion, while EPS of $0.70 exceeded the $0.19 consensus estimate.
• Neutral Sentiment: Everpure’s shares are near their 52-week high after a sharp rally, and trading was briefly halted under a limit-up/limit-down pause, highlighting elevated volatility.
• Negative Sentiment: Insider John Colgrove sold 100,000 shares for approximately $11.6 million under a pre-arranged Rule 10b5-1 plan. He retained more than 5.7 million shares, but the sale may add some investor caution after the stock’s advance. SEC insider transaction filing

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC grew 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 buying an additional 207,317 shares during the period. Norges Bank acquired a new stake in shares of Everpure in the fourth quarter worth $265,327,000. Franklin Resources Inc. raised its stake in shares of Everpure by 28.5% in 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 during the period. Mariner LLC lifted 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. lifted 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. 83.42% of the stock is owned by institutional investors and hedge funds.

Everpure Price Performance

The business has a 50-day simple moving average of $95.49. The firm has a market capitalization of $42.67 billion, a PE ratio of 175.40, a PEG ratio of 4.46 and a beta of 1.43.

Everpure (NYSE:P) last released its quarterly earnings data on Wednesday, August 26th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.19 by $0.51. The company had revenue of $1.19 billion for the quarter. Everpure had a return on equity of 19.06% and a net margin of 5.94%.Everpure’s revenue was up 37.7% compared to the same quarter last year. Equities analysts expect that Everpure, Inc. will post 0.96 EPS for the current fiscal 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.