Neuberger Berman Group LLC Lowers Holdings in Enpro Inc. $NPO

Neuberger Berman Group LLC lowered its holdings in Enpro Inc. (NYSE:NPO) by 32.2% in the third quarter, HoldingsChannel reports. The firm owned 352,775 shares of the industrial products company’s stock after selling 167,525 shares during the quarter. Neuberger Berman Group LLC’s holdings in Enpro were worth $79,727,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in NPO. Cookson Peirce & Co. Inc. purchased a new position in Enpro in the 3rd quarter valued at approximately $1,277,000. Hsbc Holdings PLC purchased a new stake in shares of Enpro during the second quarter worth $2,124,000. Congress Asset Management Co. increased its position in shares of Enpro by 2.6% during the third 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 during the period. Bahl & Gaynor Inc. raised its stake in shares of Enpro by 2.9% in the second quarter. Bahl & Gaynor Inc. now owns 35,092 shares of the industrial products company’s stock valued at $6,722,000 after acquiring an additional 999 shares in the last quarter. Finally, Kennedy Capital Management LLC raised its stake in shares of Enpro by 83.9% in the second quarter. Kennedy Capital Management LLC now owns 60,565 shares of the industrial products company’s stock valued at $11,601,000 after acquiring an additional 27,629 shares in the last quarter. 98.31% of the stock is owned by hedge funds and other institutional investors.

Enpro Price Performance

Shares of NYSE:NPO opened at $246.73 on Friday. The company’s fifty day moving average price is $248.02 and its 200 day moving average price is $230.78. Enpro Inc. has a 12 month low of $133.50 and a 12 month high of $286.35. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.32 and a quick ratio of 1.50. The firm has a market capitalization of $5.24 billion, a P/E ratio of 130.55, a P/E/G ratio of 1.94 and a beta of 1.56.

Enpro (NYSE:NPO) last released its quarterly earnings data on Wednesday, February 18th. The industrial products company reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.08. Enpro had a net margin of 3.54% and a return on equity of 11.16%. The company had revenue of $295.40 million during the quarter, compared to the consensus estimate of $280.50 million. During the same quarter in the prior year, the firm posted $1.57 earnings per share. Enpro’s revenue for the quarter was up 14.3% on a year-over-year basis. Enpro has set its FY 2026 guidance at 8.500-9.200 EPS. As a group, sell-side analysts predict that Enpro Inc. will post 7.38 earnings per share for the current fiscal year.

Enpro Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, March 4th. This is an increase from Enpro’s previous quarterly dividend of $0.31. Enpro’s dividend payout ratio (DPR) is presently 67.72%.

Wall Street Analyst Weigh In

NPO has been the subject of several analyst reports. Oppenheimer boosted their target price on Enpro from $240.00 to $285.00 and gave the stock an “outperform” rating in a research note on Thursday, February 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Enpro in a research report on Monday, December 29th. KeyCorp lifted their price objective on Enpro from $260.00 to $310.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Finally, Wall Street Zen downgraded Enpro from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Enpro presently has an average rating of “Moderate Buy” and an average target price of $297.50.

Insider Transactions at Enpro

In related news, Director John Humphrey sold 1,300 shares of the company’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $268.69, for a total value of $349,297.00. Following the completion of the sale, the director directly owned 3,200 shares of the company’s stock, valued at $859,808. This represents a 28.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Felix M. Brueck sold 5,853 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $275.84, for a total value of $1,614,491.52. Following the transaction, the director owned 1,567 shares in the company, valued at $432,241.28. This represents a 78.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 9,660 shares of company stock valued at $2,653,220 in the last 90 days. Company insiders own 1.60% of the company’s stock.

Enpro Profile

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.