Needham & Company LLC Increases Everpure (NYSE:P) Price Target to $150.00

Everpure (NYSE:P) had its price target increased by equities researchers at Needham & Company LLC from $140.00 to $150.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s price target would indicate a potential upside of 36.91% from the stock’s current price.

A number of other analysts have also weighed in on P. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everpure in a research note on Friday, July 17th. Northland Securities raised their target price on Everpure from $90.00 to $128.00 and gave the company an “outperform” rating in a research note on Friday, August 28th. TD Cowen boosted their price target on shares of Everpure from $100.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, August 18th. Piper Sandler reiterated an “overweight” rating on shares of Everpure in a report on Thursday. Finally, Bank of America raised Everpure from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $90.00 to $150.00 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 given a Sell rating to the stock. According to MarketBeat, Everpure presently has an average rating of “Moderate Buy” and a consensus target price of $129.60.

Everpure Price Performance

NYSE:P opened at $109.56 on Thursday. The company’s 50 day moving average is $94.42. The company has a market capitalization of $36.51 billion, a price-to-earnings ratio of 150.08, a PEG ratio of 4.46 and a beta of 1.43. Everpure has a 52 week low of $56.78 and a 52 week high of $119.10.

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

Insider Transactions at Everpure

In other Everpure news, Director Susan J.S. Taylor sold 8,543 shares of the stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $81.74, for a total transaction of $698,304.82. Following the transaction, the director owned 94,608 shares in the company, valued at $7,733,257.92. This represents a 8.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John Colgrove sold 100,000 shares of the firm’s stock in a transaction on Monday, September 21st. The shares were 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 represents a 1.64% decrease in their position. The SEC filing for this sale provides additional information. 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. Insiders sold a total of 908,050 shares of company stock valued at $89,995,156 in the last three months. Insiders own 5.10% of the company’s stock.

Institutional Trading of Everpure

Hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC increased its position in shares of Everpure by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 7,716,158 shares of the company’s stock worth $515,972,000 after purchasing an additional 207,317 shares during the last quarter. Norges Bank purchased a new stake in shares of Everpure during the fourth quarter valued at approximately $265,327,000. Franklin Resources Inc. grew its holdings in Everpure by 28.5% in the 4th quarter. Franklin Resources Inc. now owns 3,007,431 shares of the company’s stock worth $201,528,000 after acquiring an additional 666,941 shares during the last quarter. Mariner LLC lifted its holdings in Everpure by 3.1% in the 4th quarter. Mariner LLC now owns 2,679,161 shares of the company’s stock worth $179,538,000 after buying an additional 80,039 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in Everpure by 20.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,554,240 shares of the company’s stock worth $104,150,000 after purchasing an additional 265,846 shares in the last quarter. Institutional investors own 83.42% of the company’s stock.

Key Headlines Impacting Everpure

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: At its 2026 Financial Analyst Meeting, Everpure raised its preliminary FY 2028 revenue outlook to $7.0 billion-$7.3 billion, well above the approximately $6.2 billion consensus estimate. Management highlighted four growth areas intended to support durable, accelerated expansion. Everpure raises FY28 revenue outlook
• Positive Sentiment: The company reaffirmed its FY 2027 outlook while presenting a new long-term business model centered on expanding storage and data-management services. The stronger outlook helped fuel investor optimism about future growth. Everpure’s Expanding Business Model Fuels New Long-Term Outlook
• Positive Sentiment: Everpure was recognized as a Leader in Gartner’s 2026 Magic Quadrant for Infrastructure Platform Consumption Services for the second consecutive year, supporting the company’s credibility and competitive positioning in its target market. Everpure recognized as a Gartner Leader
• Neutral Sentiment: Everpure appointed Alison McQuarrie to lead its Australia and New Zealand partner organization. The move may strengthen regional channel execution, but the immediate financial impact is unclear. Everpure appoints A/NZ partners lead
• Negative Sentiment: Insider John Colgrove sold 100,000 shares for approximately $11.0 million. The transaction was conducted under a pre-arranged Rule 10b5-1 plan to cover tax withholding from vested equity awards, which reduces its signaling value, but it still adds selling pressure after several prior sales. Everpure shares down on insider selling

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.