JPMorgan Chase & Co. Buys 12,651 Shares of Enpro Inc. $NPO

JPMorgan Chase & Co. increased its stake in Enpro Inc. (NYSE:NPO) by 16.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 90,239 shares of the industrial products company’s stock after acquiring an additional 12,651 shares during the period. JPMorgan Chase & Co.’s holdings in Enpro were worth $20,394,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Wasatch Advisors LP boosted its position in Enpro by 8.2% in the 3rd quarter. Wasatch Advisors LP now owns 1,153,237 shares of the industrial products company’s stock valued at $260,632,000 after buying an additional 87,446 shares during the last quarter. Invesco Ltd. raised its position in shares of Enpro by 26.5% during the third quarter. Invesco Ltd. now owns 825,339 shares of the industrial products company’s stock worth $186,527,000 after acquiring an additional 172,991 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Enpro by 1,651.9% during 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 during the period. Congress Asset Management Co. increased its position in Enpro by 2.6% in the third quarter. Congress Asset Management Co. now owns 350,557 shares of the industrial products company’s stock worth $79,226,000 after purchasing an additional 8,992 shares during the period. Finally, Tributary Capital Management LLC increased its position in Enpro by 90.2% in the third quarter. Tributary Capital Management LLC now owns 319,740 shares of the industrial products company’s stock worth $72,261,000 after purchasing an additional 151,661 shares during the period. Institutional investors and hedge funds own 98.31% of the company’s stock.

Analyst Upgrades and Downgrades

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

Enpro Price Performance

Shares of NPO opened at $257.03 on Wednesday. The stock has a market cap of $5.46 billion, a P/E ratio of 136.00, a price-to-earnings-growth ratio of 1.92 and a beta of 1.56. Enpro Inc. has a 1 year low of $133.50 and a 1 year high of $286.35. The stock’s 50-day moving average price is $254.38 and its two-hundred day moving average price is $233.34. 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 quarterly earnings results on Wednesday, February 18th. The industrial products company reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.08. The company had revenue of $295.40 million during the quarter, compared to analysts’ expectations of $280.50 million. Enpro had a return on equity of 11.16% and a net margin of 3.54%.Enpro’s revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.57 EPS. Enpro has set its FY 2026 guidance at 8.500-9.200 EPS. On average, equities analysts predict that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th were paid a $0.32 dividend. The ex-dividend date of this dividend was Wednesday, March 4th. This is a boost from Enpro’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a yield of 0.5%. Enpro’s payout ratio is currently 67.72%.

Insider Activity

In related news, Director John Humphrey sold 1,300 shares of the company’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $268.69, for a total value of $349,297.00. Following the completion of the sale, the director owned 3,200 shares in the company, valued at $859,808. This represents a 28.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Steven R. Bower sold 507 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $265.15, for a total value of $134,431.05. Following the sale, the chief accounting officer directly owned 4,695 shares in the company, valued at $1,244,879.25. The trade was a 9.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 9,660 shares of company stock worth $2,653,220 over the last three months. Company insiders own 1.50% 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.