Enpro Inc. $NPO Shares Purchased by Harvey Partners LLC

Harvey Partners LLC lifted its stake in shares of Enpro Inc. (NYSE:NPO) by 4.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 249,000 shares of the industrial products company’s stock after buying an additional 10,108 shares during the quarter. Enpro makes up approximately 5.0% of Harvey Partners LLC’s portfolio, making the stock its biggest position. Harvey Partners LLC’s holdings in Enpro were worth $56,274,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in NPO. Wasatch Advisors LP lifted its stake in Enpro by 34.1% in the second quarter. Wasatch Advisors LP now owns 1,065,791 shares of the industrial products company’s stock worth $204,152,000 after acquiring an additional 270,909 shares during the last quarter. Invesco Ltd. increased its holdings in Enpro by 26.5% in the third quarter. Invesco Ltd. now owns 825,339 shares of the industrial products company’s stock valued at $186,527,000 after buying an additional 172,991 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in Enpro by 1,651.9% during the 2nd quarter. Alliancebernstein L.P. now owns 409,798 shares of the industrial products company’s stock worth $78,497,000 after buying an additional 386,406 shares during the last quarter. Congress Asset Management Co. boosted its position in shares of Enpro by 2.6% during the 3rd quarter. Congress Asset Management Co. now owns 350,557 shares of the industrial products company’s stock worth $79,226,000 after acquiring an additional 8,992 shares in the last quarter. Finally, Tributary Capital Management LLC boosted its position in shares of Enpro by 90.2% during the 3rd quarter. Tributary Capital Management LLC now owns 319,740 shares of the industrial products company’s stock worth $72,261,000 after acquiring an additional 151,661 shares in the last quarter. 98.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Steven R. Bower sold 507 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $265.15, for a total transaction of $134,431.05. Following the transaction, the chief accounting officer owned 4,695 shares of the company’s stock, valued at $1,244,879.25. This trade represents a 9.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Robert Savage Mclean sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $277.50, for a total value of $555,000.00. Following the sale, the executive vice president directly owned 29,909 shares of the company’s stock, valued at approximately $8,299,747.50. This represents a 6.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 9,660 shares of company stock worth $2,653,220. Corporate insiders own 1.50% of the company’s stock.

Enpro Price Performance

Shares of NYSE NPO opened at $241.26 on Monday. The stock has a market cap of $5.13 billion, a P/E ratio of 127.65, a P/E/G ratio of 1.82 and a beta of 1.56. Enpro Inc. has a twelve month low of $133.50 and a twelve month high of $286.35. The stock has a 50 day moving average of $251.20 and a two-hundred day moving average of $231.69. The company has a current ratio of 2.32, a quick ratio of 1.50 and a debt-to-equity ratio of 0.42.

Enpro (NYSE:NPO) last announced its earnings results on Wednesday, February 18th. The industrial products company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.08. Enpro had a net margin of 3.54% and a return on equity of 11.16%. The business had revenue of $295.40 million for the quarter, compared to analyst estimates of $280.50 million. During the same period last year, the firm posted $1.57 earnings per share. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. Enpro has set its FY 2026 guidance at 8.500-9.200 EPS. On average, research analysts forecast that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.5%. This is a positive change from Enpro’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, March 4th. Enpro’s payout ratio is currently 67.72%.

Analyst Ratings Changes

NPO has been the topic of several research analyst reports. Wall Street Zen lowered Enpro from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Enpro in a research note on Monday, December 29th. Oppenheimer raised their price objective on shares of Enpro from $240.00 to $285.00 and gave the stock an “outperform” rating in a report on Thursday, February 19th. Finally, KeyCorp upped their target price on shares of Enpro from $260.00 to $310.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $297.50.

About Enpro

Enpro Group, Inc (NYSE: NPO) is a global industrial technology company specializing in engineered products designed to perform in critical and harsh environments. The company’s product portfolio spans proprietary bearing materials and surface enhancement technologies, high-performance sealing solutions, and fluid handling components. Enpro’s offerings are tailored for markets such as semiconductor manufacturing, aerospace, energy, chemical processing, life sciences and general industrial applications.

Formed in December 2002 as a spin-off from the aerospace and defense supplier Goodrich Corporation, Enpro has grown through a combination of targeted acquisitions and focused organic investment in research and development.