Everpure (NYSE:P) Earns “Buy” Rating from Guggenheim

Everpure (NYSE:P)‘s stock had its “buy” rating reaffirmed by equities research analysts at Guggenheim in a note issued to investors on Thursday, Benzinga reports. They currently have a $150.00 price objective on the stock. Guggenheim’s price target indicates a potential upside of 23.15% from the stock’s current price.

Several other research firms also recently weighed in on P. Needham & Company LLC raised their price objective on Everpure from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday. Raymond James Financial reaffirmed an “outperform” rating and issued a $122.00 price objective on shares of Everpure in a research note on Thursday, August 27th. JPMorgan Chase & Co. upped their price target on shares of Everpure from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, August 27th. Evercore reaffirmed an “outperform” rating and issued a $130.00 price target on shares of Everpure in a report on Monday, August 24th. Finally, Morgan Stanley upped their price target on shares of Everpure from $108.00 to $119.00 and gave the company an “overweight” rating in a report on Thursday, August 27th. Seventeen investment 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 MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.15.

Everpure Stock Performance

Shares of P stock traded up $12.15 during trading hours on Thursday, reaching $121.80. 11,610,814 shares of the company’s stock were exchanged, compared to its average volume of 3,750,550. The firm has a market cap of $40.59 billion, a P/E ratio of 166.85, a P/E/G ratio of 4.46 and a beta of 1.43. The business’s 50 day simple moving average is $94.42. Everpure has a 1 year low of $56.78 and a 1 year high of $131.41.

Everpure (NYSE:P) last issued its earnings results on Wednesday, August 26th. The company reported $0.70 earnings per share (EPS) 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. Sell-side analysts forecast that Everpure will post 0.96 EPS for the current fiscal year.

Insider Activity

In other news, insider John Colgrove sold 100,000 shares of the firm’s stock in a transaction on Thursday, September 24th. The stock was sold at an average price of $115.96, for a total transaction of $11,596,000.00. Following the sale, the insider owned 5,793,309 shares in the company, valued at $671,792,111.64. This trade represents a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,008,050 shares of company stock worth $101,591,156 in the last 90 days. 5.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Rothschild Investment LLC raised its holdings in shares of Everpure by 18.1% during the fourth quarter. Rothschild Investment LLC now owns 993 shares of the company’s stock worth $67,000 after acquiring an additional 152 shares during the period. Clearstead Advisors LLC raised its holdings in shares of Everpure by 29.7% during the fourth quarter. Clearstead Advisors LLC now owns 1,240 shares of the company’s stock worth $83,000 after acquiring an additional 284 shares during the period. Continuum Advisory LLC bought a new position in Everpure in the second quarter valued at $29,000. Cibc World Market Inc. grew its position in Everpure by 1.9% in the fourth quarter. Cibc World Market Inc. now owns 21,794 shares of the company’s stock valued at $1,460,000 after purchasing an additional 397 shares in the last quarter. Finally, Coldstream Capital Management Inc. grew its position in Everpure by 7.2% in the fourth quarter. Coldstream Capital Management Inc. now owns 6,069 shares of the company’s stock valued at $407,000 after purchasing an additional 406 shares in the last quarter. Institutional investors and hedge funds own 83.42% of the company’s stock.

Key Stories Impacting Everpure

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

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.