Everpure (NYSE:P) Hits New 1-Year High on Analyst Upgrade

Everpure, Inc. (NYSE:P) hit a new 52-week high during trading on Thursday after Wells Fargo & Company raised their price target on the stock from $135.00 to $145.00. Wells Fargo & Company currently has an overweight rating on the stock. Everpure traded as high as $127.67 and last traded at $129.5570, with a volume of 1730640 shares. The stock had previously closed at $109.65.

P has been the topic of a number of other research reports. Wedbush raised their price target on shares of Everpure from $127.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, August 27th. Oppenheimer reaffirmed an “outperform” rating and set a $140.00 price objective on shares of Everpure in a research note on Thursday, August 20th. Evercore reiterated an “outperform” rating and set a $130.00 target price on shares of Everpure in a report on Monday, August 24th. Lake Street Capital reissued a “buy” rating and issued a $120.00 target price on shares of Everpure in a research note on Thursday, August 27th. Finally, Morgan Stanley boosted their price target on Everpure from $108.00 to $119.00 and gave the company an “overweight” rating in a report on Thursday, August 27th. Seventeen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $131.55.

Insider Transactions at Everpure

In related news, insider John Colgrove sold 200,000 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $96.98, for a total transaction of $19,396,000.00. Following the sale, the insider owned 6,474,080 shares of the company’s stock, valued at $627,856,278.40. The trade was a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ajay Singh sold 9,787 shares of the company’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $78.12, for a total transaction of $764,560.44. Following the completion of the sale, the insider owned 340,939 shares in the company, valued at approximately $26,634,154.68. This trade represents a 2.79% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 908,050 shares of company stock valued at $89,995,156. 5.10% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Everpure

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Everpure raised its preliminary fiscal 2028 revenue outlook to $7.0 billion-$7.3 billion, well above the roughly $6.2 billion consensus estimate. Management said growth should accelerate as artificial-intelligence demand expands its data-storage and management business. Everpure Stock Rises as AI Demand Underpins Surprising Revenue Growth Acceleration
• Positive Sentiment: The company outlined four strategic growth areas at its analyst meeting, while reaffirming its fiscal 2027 outlook. The expansion of its business model provides a more favorable long-term revenue narrative. Everpure’s Expanding Business Model Fuels New Long-Term Outlook
• Positive Sentiment: Analysts increased or reaffirmed bullish views following the update. Wells Fargo raised its target to $145 and assigned an overweight rating, while Needham and Guggenheim reiterated buy ratings with $150 targets. Wedbush maintained an outperform rating and a $130 target. These targets imply substantial upside from recent trading levels.
• Positive Sentiment: Everpure was again named a Leader in Gartner’s Magic Quadrant for Infrastructure Platform Consumption Services, supporting its competitive positioning in an expanding market. Everpure Recognized as a Leader in the 2026 Gartner Magic Quadrant
• Neutral Sentiment: Everpure appointed Alison McQuarrie as its A/NZ partners lead. The move may support regional channel growth but is unlikely to materially affect near-term earnings.
• Negative Sentiment: Insider John Colgrove sold 100,000 shares worth approximately $11.0 million. The transaction was executed under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity awards, reducing its bearish significance, but the sale nevertheless appears to be weighing on sentiment.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in P. Paradigm Capital Management Inc. NY purchased a new position in shares of Everpure in the 2nd quarter worth about $2,127,000. Nykredit A S bought a new stake in Everpure during the 2nd quarter valued at about $9,412,000. Sequoia Financial Advisors LLC purchased a new position in Everpure in the second quarter worth about $814,000. Raiffeisen Bank International AG bought a new position in Everpure in the 2nd quarter valued at approximately $25,525,000. Finally, Wellington Management Group LLP bought a new position in shares of Everpure during the second quarter valued at $2,192,000. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Everpure Stock Up 15.7%

The firm has a market capitalization of $42.28 billion, a P/E ratio of 175.72, a PEG ratio of 4.46 and a beta of 1.43. The firm’s 50-day simple moving average is $94.42.

Everpure (NYSE:P) last issued its earnings results on Wednesday, August 26th. The company reported $0.70 earnings per share for the quarter, topping 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%.Everpure’s revenue for the quarter was up 37.7% on a year-over-year basis. Equities analysts anticipate that Everpure, Inc. will post 0.96 earnings per share for the current fiscal year.

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.