Enpro Inc. $NPO Shares Sold by Congress Asset Management Co.

Congress Asset Management Co. lowered its stake in shares of Enpro Inc. (NYSE:NPO) by 0.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 430,984 shares of the industrial products company’s stock after selling 2,128 shares during the quarter. Enpro comprises about 0.8% of Congress Asset Management Co.’s holdings, making the stock its 29th largest position. Congress Asset Management Co. owned approximately 2.04% of Enpro worth $131,993,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. QRG Capital Management Inc. boosted its position in shares of Enpro by 14.0% during the 2nd quarter. QRG Capital Management Inc. now owns 1,162 shares of the industrial products company’s stock worth $438,000 after purchasing an additional 143 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Enpro by 2.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,716 shares of the industrial products company’s stock valued at $647,000 after purchasing an additional 34 shares in the last quarter. Tidal Investments LLC acquired a new stake in shares of Enpro in the second quarter valued at about $506,000. Nykredit A S acquired a new stake in shares of Enpro in the second quarter valued at about $405,000. Finally, Corient Private Wealth LP boosted its holdings in Enpro by 12.2% during the second quarter. Corient Private Wealth LP now owns 7,516 shares of the industrial products company’s stock worth $2,833,000 after buying an additional 818 shares in the last quarter. Institutional investors and hedge funds own 98.31% of the company’s stock.

Enpro Trading Down 0.1%

Shares of Enpro stock traded down $0.41 during trading hours on Tuesday, reaching $332.45. The stock had a trading volume of 176,192 shares, compared to its average volume of 226,167. The firm has a market capitalization of $7.04 billion, a price-to-earnings ratio of 162.17, a P/E/G ratio of 2.32 and a beta of 1.58. Enpro Inc. has a 1 year low of $202.00 and a 1 year high of $390.42. The company has a current ratio of 2.28, a quick ratio of 1.43 and a debt-to-equity ratio of 0.36. The firm has a 50 day simple moving average of $311.22 and a two-hundred day simple moving average of $309.91.

Enpro (NYSE:NPO) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.18. Enpro had a return on equity of 11.83% and a net margin of 3.60%.The business had revenue of $338.80 million during the quarter, compared to analysts’ expectations of $323.68 million. During the same quarter in the previous year, the business earned $1.25 EPS. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. Enpro has set its FY 2026 guidance at 9.300-9.800 EPS. As a group, equities research analysts anticipate that Enpro Inc. will post 9.55 earnings per share for the current year.

Enpro Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd were paid a $0.32 dividend. The ex-dividend date was Wednesday, September 2nd. This represents a $1.28 annualized dividend and a dividend yield of 0.4%. Enpro’s dividend payout ratio is 62.44%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NPO. JPMorgan Chase & Co. began coverage on Enpro in a report on Monday, July 20th. They issued an “overweight” rating and a $420.00 price target on the stock. Wall Street Zen downgraded Enpro from a “buy” rating to a “hold” rating in a research report on Sunday, September 6th. Zacks Research lowered Enpro from a “strong-buy” rating to a “hold” rating in a report on Friday, September 18th. Weiss Ratings cut Enpro from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Finally, KeyCorp raised their target price on shares of Enpro from $345.00 to $370.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $358.33.

About Enpro

Enpro Inc is an industrial technology company that develops and manufactures engineered products designed to improve the performance, safety, and reliability of critical equipment and processes. Its offerings serve customers in markets including semiconductor manufacturing, aerospace, power generation, industrial processing, transportation, and life sciences.

The company’s businesses provide sealing technologies, engineered components, and surface-treatment solutions. Its products include industrial gaskets and seals, high-performance sealing systems, precision components, and specialized coatings and surface technologies used in demanding operating environments.