Insider Selling: Everpure (NYSE:P) Insider Sells $11,596,000.00 in Stock

Key Points

  • Insider John Colgrove sold 100,000 Everpure shares for approximately $11.6 million at an average price of $115.96 under a pre-arranged Rule 10b5-1 plan. He retained 5.79 million shares, so the transaction reduced his ownership by 1.7%.
  • Everpure shares opened at $121.80, with a market capitalization of about $40.6 billion and a 52-week range of $56.78 to $131.41. The company recently reported $0.70 in quarterly EPS versus the $0.19 consensus and 37.7% year-over-year revenue growth.
  • Analysts remain broadly bullish: Everpure issued preliminary fiscal 2028 revenue guidance of $7.0 billion to $7.3 billion, while several firms raised price targets; the stock has a “Moderate Buy” consensus rating and an average target of $137.15.

Everpure, Inc. (NYSE:P - Get Free Report) insider John Colgrove sold 100,000 shares of the company's stock in a transaction on Thursday, September 24th. The shares were sold at an average price of $115.96, for a total value of $11,596,000.00. Following the completion of the sale, the insider owned 5,793,309 shares of the company's stock, valued at approximately $671,792,111.64. The trade was a 1.70% decrease in their ownership of the stock. The sale was disclosed in a filing 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.

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

  • On Monday, September 21st, John Colgrove sold 100,000 shares of Everpure stock. The stock was sold at an average price of $110.35, for a total value of $11,035,000.00.
  • 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 transaction of $9,495,000.00.
  • On Friday, August 14th, John Colgrove sold 64,815 shares of Everpure stock. The stock was sold at an average price of $117.44, for a total transaction 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 transaction of $11,721,000.00.
  • On Tuesday, August 11th, John Colgrove sold 100,000 shares of Everpure stock. The shares were sold at an average price of $104.39, for a total transaction 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 transaction of $19,396,000.00.
  • On Friday, August 7th, John Colgrove sold 35,185 shares of Everpure stock. The stock was sold at an average price of $90.01, for a total transaction 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 transaction of $7,685,415.20.
  • On Friday, July 10th, John Colgrove sold 100,000 shares of Everpure stock. The shares were sold at an average price of $79.82, for a total value of $7,982,000.00.

Everpure Stock Up 11.1%




Shares of Everpure stock opened at $121.80 on Friday. The stock has a 50 day simple moving average of $95.49. The stock has a market capitalization of $40.59 billion, a price-to-earnings ratio of 166.85, a price-to-earnings-growth ratio of 4.46 and a beta of 1.43. Everpure, Inc. has a fifty-two week low of $56.78 and a fifty-two week high of $131.41.

Everpure (NYSE:P - Get Free Report) last posted its earnings results on Wednesday, August 26th. The company reported $0.70 EPS for the quarter, beating 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 company had revenue of $1.19 billion for the quarter. The business's quarterly revenue was up 37.7% compared to the same quarter last year. Equities research analysts predict that Everpure, Inc. will post 0.96 earnings per share for the current fiscal year.

Key Headlines Impacting Everpure

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

Wall Street Analysts Forecast Growth

P has been the topic of a number of research analyst reports. Bank of America raised shares of Everpure from a "neutral" rating to a "buy" rating and boosted their price target for the company from $90.00 to $150.00 in a research note on Thursday, August 27th. Wall Street Zen cut Everpure from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 12th. Zacks Research lowered Everpure from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. UBS Group boosted their price objective on Everpure from $70.00 to $80.00 and gave the company a "sell" rating in a report on Thursday, August 27th. Finally, Piper Sandler increased their target price on Everpure from $133.00 to $162.00 and gave the stock an "overweight" rating in a research note on Thursday. Seventeen research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Everpure presently has an average rating of "Moderate Buy" and a consensus target price of $137.15.

Check Out Our Latest Research Report on Everpure

Hedge Funds Weigh In On Everpure

Several institutional investors have recently modified their holdings of the business. QRG Capital Management Inc. purchased a new stake in shares of Everpure during the second quarter worth $1,110,000. Envestnet Portfolio Solutions Inc. purchased a new position in Everpure in the second quarter valued at $785,000. Andra AP fonden acquired a new position in Everpure during the 2nd quarter worth $5,230,000. Sequoia Financial Advisors LLC acquired a new position in Everpure during the 2nd quarter worth $814,000. Finally, Tidal Investments LLC purchased a new stake in Everpure during the 2nd quarter worth about $14,252,000. Institutional investors and hedge funds own 83.42% of the company's stock.

Everpure Company Profile

(Get Free Report)

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.

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