Renaissance Technologies LLC Increases Stake in Enpro Inc. $NPO

Renaissance Technologies LLC raised its stake in Enpro Inc. (NYSE:NPO) by 107.9% during the first quarter, Holdings Channel reports. The firm owned 50,100 shares of the industrial products company’s stock after purchasing an additional 26,000 shares during the period. Renaissance Technologies LLC’s holdings in Enpro were worth $12,558,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Wasatch Advisors LP grew its stake in Enpro by 8.2% during the third quarter. Wasatch Advisors LP now owns 1,153,237 shares of the industrial products company’s stock worth $260,632,000 after buying an additional 87,446 shares during the period. Invesco Ltd. grew its stake in shares of Enpro by 7.4% during the fourth quarter. Invesco Ltd. now owns 886,043 shares of the industrial products company’s stock valued at $189,728,000 after acquiring an additional 60,704 shares in the last quarter. Geode Capital Management LLC increased its holdings in Enpro by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 526,889 shares of the industrial products company’s stock worth $112,840,000 after purchasing an additional 16,772 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Enpro by 1,651.9% during the 2nd quarter. Alliancebernstein L.P. now owns 409,798 shares of the industrial products company’s stock valued at $78,497,000 after buying an additional 386,406 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Enpro by 32.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 350,948 shares of the industrial products company’s stock worth $75,149,000 after buying an additional 85,667 shares in the last quarter. Hedge funds and other institutional investors own 98.31% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on NPO shares. JPMorgan Chase & Co. started coverage on shares of Enpro in a report on Monday, July 20th. They issued an “overweight” rating and a $420.00 price target on the stock. Weiss Ratings raised shares of Enpro from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. Finally, KeyCorp boosted their target price on shares of Enpro from $345.00 to $370.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $358.33.

Enpro Trading Up 0.3%

NYSE:NPO opened at $313.87 on Friday. The company has a market cap of $6.63 billion, a PE ratio of 154.62, a P/E/G ratio of 2.28 and a beta of 1.51. The business’s 50 day moving average is $335.93 and its two-hundred day moving average is $290.99. The company has a quick ratio of 1.40, a current ratio of 2.20 and a debt-to-equity ratio of 0.39. Enpro Inc. has a 52 week low of $202.00 and a 52 week high of $390.42.

Enpro (NYSE:NPO) last issued its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.06. The business had revenue of $303.00 million during the quarter, compared to the consensus estimate of $303.90 million. Enpro had a return on equity of 11.33% and a net margin of 3.70%.The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.90 EPS. Enpro has set its FY 2026 guidance at 8.850-9.500 EPS. On average, analysts predict that Enpro Inc. will post 9.16 EPS for the current year.

Enpro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, September 2nd. Enpro’s payout ratio is currently 63.05%.

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.