Enpro Inc. $NPO Shares Sold by Wasatch Advisors LP

Wasatch Advisors LP cut its position in Enpro Inc. (NYSE:NPO) by 50.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 449,599 shares of the industrial products company’s stock after selling 460,283 shares during the period. Wasatch Advisors LP’s holdings in Enpro were worth $169,467,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Invesco Ltd. grew its position in Enpro by 7.4% in the 4th 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 stake in Enpro by 3.3% during the fourth 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 period. Alliancebernstein L.P. lifted its position 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 worth $78,497,000 after purchasing an additional 386,406 shares in the last quarter. Price T Rowe Associates Inc. MD lifted 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 purchasing an additional 85,667 shares in the last quarter. Finally, Bamco Inc. NY lifted its position in shares of Enpro by 3.3% during the fourth quarter. Bamco Inc. NY now owns 298,850 shares of the industrial products company’s stock worth $63,993,000 after purchasing an additional 9,459 shares in the last quarter. 98.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. KeyCorp lifted their price objective on shares of Enpro from $345.00 to $370.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Zacks Research upgraded shares of Enpro from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. Weiss Ratings raised shares of Enpro from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 29th. Wall Street Zen upgraded shares of Enpro from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, JPMorgan Chase & Co. initiated coverage on Enpro in a research report on Monday, July 20th. They set an “overweight” rating and a $420.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $358.33.

Enpro Stock Performance

Shares of NPO opened at $336.07 on Wednesday. The stock has a 50-day simple moving average of $338.83 and a 200-day simple moving average of $296.07. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.43 and a current ratio of 2.28. The stock has a market capitalization of $7.11 billion, a PE ratio of 163.94, a PEG ratio of 2.32 and a beta of 1.54. Enpro Inc. has a 1 year low of $202.00 and a 1 year high of $390.42.

Enpro (NYSE:NPO) last released its earnings results on Tuesday, August 4th. The industrial products company reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.18. The firm had revenue of $338.80 million for the quarter, compared to analyst estimates of $323.68 million. Enpro had a net margin of 3.60% and a return on equity of 11.83%. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.25 earnings per share. Enpro has set its FY 2026 guidance at 9.300-9.800 EPS. On average, analysts predict that Enpro Inc. will post 9.55 earnings per share for the current fiscal year.

Enpro Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, September 2nd. Enpro’s payout ratio is 62.44%.

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.