First Eagle Investment Management LLC Raises Stock Position in Enpro Inc. $NPO

First Eagle Investment Management LLC lifted its stake in Enpro Inc. (NYSE:NPO) by 4.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,808 shares of the industrial products company’s stock after buying an additional 2,739 shares during the period. First Eagle Investment Management LLC’s holdings in Enpro were worth $13,517,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Alliancebernstein L.P. boosted its stake in Enpro by 1,651.9% in the second quarter. Alliancebernstein L.P. now owns 409,798 shares of the industrial products company’s stock valued at $78,497,000 after acquiring an additional 386,406 shares in the last quarter. Wasatch Advisors LP lifted its holdings in shares of Enpro by 34.1% in the 2nd quarter. Wasatch Advisors LP now owns 1,065,791 shares of the industrial products company’s stock valued at $204,152,000 after purchasing an additional 270,909 shares during the last quarter. Tributary Capital Management LLC lifted its holdings in shares of Enpro by 90.2% in the 3rd quarter. Tributary Capital Management LLC now owns 319,740 shares of the industrial products company’s stock valued at $72,261,000 after purchasing an additional 151,661 shares during the last quarter. Laurel Wealth Advisors LLC boosted its position in shares of Enpro by 19,055.1% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 65,702 shares of the industrial products company’s stock valued at $12,585,000 after purchasing an additional 65,359 shares during the period. Finally, Sei Investments Co. grew its stake in Enpro by 134.5% during the 2nd quarter. Sei Investments Co. now owns 110,361 shares of the industrial products company’s stock worth $21,140,000 after buying an additional 63,293 shares during the last quarter. 98.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on NPO shares. Wall Street Zen cut Enpro from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Enpro in a research report on Monday, December 29th. Oppenheimer increased their price target on shares of Enpro from $240.00 to $285.00 and gave the stock an “outperform” rating in a research note on Thursday, February 19th. Finally, KeyCorp lifted their price objective on shares of Enpro from $260.00 to $310.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Enpro presently has an average rating of “Moderate Buy” and a consensus target price of $297.50.

Insiders Place Their Bets

In other Enpro news, EVP Robert Savage Mclean sold 2,000 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $277.50, for a total value of $555,000.00. Following the completion of the transaction, the executive vice president owned 29,909 shares in the company, valued at approximately $8,299,747.50. This represents a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John Humphrey sold 1,300 shares of the business’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $268.69, for a total transaction of $349,297.00. Following the sale, the director owned 3,200 shares in the company, valued at $859,808. The trade was a 28.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 9,660 shares of company stock valued at $2,653,220 over the last 90 days. 1.50% of the stock is owned by corporate insiders.

Enpro Stock Performance

Shares of NPO opened at $256.42 on Wednesday. The stock has a market capitalization of $5.45 billion, a P/E ratio of 135.67, a P/E/G ratio of 2.00 and a beta of 1.56. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.50 and a current ratio of 2.32. Enpro Inc. has a 1 year low of $133.50 and a 1 year high of $286.35. The company’s fifty day moving average is $246.16 and its two-hundred day moving average is $230.23.

Enpro (NYSE:NPO) last issued its earnings results on Wednesday, February 18th. The industrial products company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.08. The business had revenue of $295.40 million for the quarter, compared to the consensus estimate of $280.50 million. Enpro had a net margin of 3.54% and a return on equity of 11.16%. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.57 earnings per share. Enpro has set its FY 2026 guidance at 8.500-9.200 EPS. On average, sell-side analysts predict 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 is a positive change from Enpro’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.5%. Enpro’s dividend payout ratio (DPR) is currently 65.61%.

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.