Key Points
- Insider sale: Ajay Singh sold 42,930 shares at an average price of $124.17, generating approximately $5.33 million and reducing his direct ownership by 12.96% to 288,362 shares.
- Strong operating results: Everpure reported quarterly EPS of $0.70 versus a $0.19 consensus estimate, while revenue rose 37.7% year over year to $1.19 billion.
- Positive analyst sentiment but elevated valuation: Analysts maintain a “Moderate Buy” consensus with an average price target of $138.25, although the stock’s P/E ratio above 177 and reported negative operating cash flow present notable risks.
Everpure, Inc. (NYSE:P - Get Free Report) insider Ajay Singh sold 42,930 shares of Everpure stock in a transaction on Thursday, September 24th. The stock was sold at an average price of $124.17, for a total transaction of $5,330,618.10. Following the completion of the transaction, the insider directly owned 288,362 shares of the company's stock, valued at $35,805,909.54. The trade was a 12.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Ajay Singh also recently made the following trade(s):
- On Wednesday, July 8th, Ajay Singh sold 9,787 shares of Everpure stock. The shares were sold at an average price of $78.12, for a total value of $764,560.44.
Everpure Trading Up 2.7%
NYSE P opened at $129.41 on Tuesday. Everpure, Inc. has a fifty-two week low of $56.78 and a fifty-two week high of $131.41. The company has a market cap of $43.12 billion, a P/E ratio of 177.27, a P/E/G ratio of 4.20 and a beta of 1.43. The firm's 50 day moving average is $97.82.
Everpure (NYSE:P - Get Free Report) last released its 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 firm had revenue of $1.19 billion during the quarter. Everpure had a net margin of 5.94% and a return on equity of 19.06%. The business's revenue was up 37.7% on a year-over-year basis. On average, research analysts expect that Everpure, Inc. will post 0.95 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the business. Geode Capital Management LLC raised its position in Everpure by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 7,716,158 shares of the company's stock worth $515,972,000 after acquiring an additional 207,317 shares during the period. Norges Bank acquired a new stake in shares of Everpure in the fourth quarter valued at approximately $265,327,000. Franklin Resources Inc. raised its holdings in shares of Everpure by 28.5% during 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 period. Mariner LLC raised its stake in Everpure by 3.1% during the fourth quarter. Mariner LLC now owns 2,679,161 shares of the company's stock worth $179,538,000 after purchasing an additional 80,039 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of Everpure by 20.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,554,240 shares of the company's stock valued at $104,150,000 after buying an additional 265,846 shares during the period. 83.42% of the stock is owned by institutional investors and hedge funds.
Everpure News Roundup
Here are the key news stories impacting Everpure this week:
- Positive Sentiment: Upbeat long-term forecast: Everpure’s forecast of roughly $7 billion in revenue reportedly exceeded Wall Street models, reinforcing optimism about demand from hyperscale customers and future growth. The company’s revenue recently rose 38% year over year to approximately $1.2 billion. Everpure’s $7 Billion Forecast Just Blew Past Wall Street’s Numbers
- Positive Sentiment: Analyst support is strengthening: J.P. Morgan maintained its Buy rating, while Northland Securities raised its forecast for Everpure’s first-quarter earnings. Additional coverage has highlighted improving earnings expectations and higher price targets. J.P. Morgan Sticks to Its Buy Rating for Everpure Everpure Q1 Earnings Forecast Raised by Northland Securities
- Positive Sentiment: Strong recent earnings momentum: Everpure beat quarterly earnings expectations by a wide margin, reporting $0.70 per share versus a $0.19 consensus estimate, while revenue reached $1.19 billion. This supports the bullish narrative, although the stock already trades at a very high earnings multiple.
- Neutral Sentiment: Valuation debate: A comparison with Vontier frames Everpure as a technology-services growth company rather than an obvious value stock. With a P/E ratio above 177, investors are paying heavily for continued execution and rapid expansion. VNT vs. P: Which Stock Should Value Investors Buy Now?
- Negative Sentiment: Cash-flow concerns: Despite strong revenue and operating-profit growth, Everpure posted negative operating cash flow of approximately $136 million. That raises questions about the quality and sustainability of reported earnings as the company invests for expansion. Everpure: Every Analyst Raised Targets After Analyst Day
- Negative Sentiment: Insider selling: Director Ajay Singh sold 42,930 shares for approximately $5.3 million, reducing his position by nearly 13%. The sale may be routine, but it can weigh on sentiment while the stock trades near record levels. SEC insider transaction filing
Analyst Upgrades and Downgrades
A number of brokerages have commented on P. Morgan Stanley upped their target price on shares of Everpure from $119.00 to $137.00 and gave the stock an "overweight" rating in a research note on Thursday. Wedbush reiterated an "outperform" rating and issued a $130.00 target price on shares of Everpure in a research note on Thursday, September 24th. Bank of America raised Everpure from a "neutral" rating to a "buy" rating and upped their price target for the stock from $90.00 to $150.00 in a research report on Thursday, August 27th. Susquehanna restated a "positive" rating and set a $145.00 price objective on shares of Everpure in a report on Thursday, August 27th. Finally, Barclays upped their target price on Everpure from $110.00 to $132.00 and gave the company an "equal weight" rating in a research report on Friday. Seventeen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Everpure has an average rating of "Moderate Buy" and an average target price of $138.25.
Check Out Our Latest Report on P
About Everpure
(
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.
Further Reading
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