Everpure (NYSE:P) Insider Sells $11,035,000.00 in Stock

Everpure, Inc. (NYSE:P) insider John Colgrove sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $110.35, for a total transaction of $11,035,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 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.

John Colgrove also recently made the following trade(s):

• On Thursday, September 24th, John Colgrove sold 100,000 shares of Everpure stock. The shares were sold at an average price of $115.96, for a total value of $11,596,000.00.
• 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 stock was 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 shares were 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 shares were 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 stock was sold at an average price of $79.82, for a total value of $7,982,000.00.

Everpure Stock Up 11.1%

Shares of P stock opened at $121.80 on Friday. The firm has a market cap of $40.59 billion, a P/E ratio of 166.85, a price-to-earnings-growth ratio of 4.46 and a beta of 1.43. The company has a 50-day moving average price of $95.49. Everpure, Inc. has a twelve month low of $56.78 and a twelve month high of $131.41.

Everpure (NYSE:P) last released its quarterly earnings results on Wednesday, August 26th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.51. The company had revenue of $1.19 billion for the quarter. Everpure had a net margin of 5.94% and a return on equity of 19.06%. The firm’s quarterly revenue was up 37.7% on a year-over-year basis. On average, sell-side analysts predict that Everpure, Inc. will post 0.96 EPS for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on P. Wedbush reiterated an “outperform” rating and issued a $130.00 price target on shares of Everpure in a report on Thursday. Citigroup raised their price objective on Everpure from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday. Zacks Research downgraded Everpure from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Piper Sandler upped their target price on Everpure from $133.00 to $162.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, UBS Group increased their target price on Everpure from $70.00 to $80.00 and gave the stock a “sell” rating in a research report on Thursday, August 27th. 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $137.15.

Key Everpure News

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Everpure issued preliminary fiscal 2028 revenue guidance of $7.0 billion to $7.3 billion, implying 39% to 45% growth and well above the roughly $6.2 billion analyst consensus. Management cited four strategic growth areas and an “inflection point” in the business. Everpure shares jump as fiscal 2028 outlook tops estimates
• Positive Sentiment: The company reaffirmed its fiscal 2027 outlook and said AI-related demand should continue to accelerate revenue growth, particularly through hyperscale data-center customers. Investors viewed the outlook as evidence of durable growth and potential margin expansion. Everpure stock leads S&P 500 gainers after rosy outlook
• Positive Sentiment: Wall Street analysts responded by raising price targets. Citigroup lifted its target to $160 while Needham, Guggenheim and other firms set targets between $145 and $150, maintaining generally bullish ratings. Wall Street raises Everpure targets after upbeat outlook
• Positive Sentiment: The results build on Everpure’s recent momentum: the company’s latest quarterly revenue increased 37.7% year over year and EPS of $0.70 substantially exceeded the $0.19 consensus estimate.
• Neutral Sentiment: Trading was briefly halted under a limit-up/limit-down pause as volatility increased, underscoring the market’s strong reaction to the guidance.
• Negative Sentiment: Insider John Colgrove sold 100,000 shares for approximately $11.6 million under a pre-arranged Rule 10b5-1 plan. The sale reduced his ownership by 1.7%, but he retained more than 5.7 million shares, limiting the significance of the transaction. SEC insider transaction filing

Institutional Trading of Everpure

Several institutional investors have recently made changes to their positions in the stock. QRG Capital Management Inc. acquired a new stake in shares of Everpure during the 2nd quarter worth $1,110,000. Envestnet Portfolio Solutions Inc. acquired a new position in Everpure in the second quarter valued at $785,000. Andra AP fonden purchased a new stake in Everpure during the second quarter valued at about $5,230,000. Sequoia Financial Advisors LLC acquired a new stake in Everpure during the second quarter worth about $814,000. Finally, Tidal Investments LLC acquired a new stake in Everpure during the second quarter worth about $14,252,000. 83.42% of the stock is owned by hedge funds and other institutional investors.

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.