BlackRock Inc. Acquires New Shares in Enpro Inc. $NPO

BlackRock Inc. acquired a new position in Enpro Inc. (NYSE:NPO) in the 2nd quarter, Holdings Channel reports. The firm acquired 3,364,116 shares of the industrial products company’s stock, valued at approximately $1,268,036,000. BlackRock Inc. owned about 0.16% of Enpro at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Enpro in the second quarter valued at $30,000. Cedar Mountain Advisors LLC purchased a new position in shares of Enpro during the 1st quarter worth $25,000. Salomon & Ludwin LLC grew its holdings in shares of Enpro by 55.4% during the 4th quarter. Salomon & Ludwin LLC now owns 129 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 46 shares during the period. Trust Co. of Vermont acquired a new stake in shares of Enpro during the 2nd quarter worth about $56,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Enpro during the 4th quarter worth about $33,000. Institutional investors and hedge funds own 98.31% of the company’s stock.

Enpro Price Performance

Enpro stock opened at $313.06 on Friday. The company has a quick ratio of 1.43, a current ratio of 2.28 and a debt-to-equity ratio of 0.36. Enpro Inc. has a 52-week low of $202.00 and a 52-week high of $390.42. The firm has a market cap of $6.63 billion, a PE ratio of 152.71, a price-to-earnings-growth ratio of 2.23 and a beta of 1.54. The company’s 50 day moving average is $340.24 and its two-hundred day moving average is $300.76.

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

Enpro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd will be given a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $1.28 dividend on an annualized basis and a yield of 0.4%. Enpro’s dividend payout ratio (DPR) is currently 62.44%.

Wall Street Analyst Weigh In

NPO has been the subject of several research analyst reports. KeyCorp increased their target price on shares of Enpro from $345.00 to $370.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Weiss Ratings lowered shares of Enpro from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Zacks Research raised shares of Enpro from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. began coverage on shares of Enpro in a report on Monday, July 20th. They issued an “overweight” rating and a $420.00 target price for the company. Finally, Wall Street Zen raised Enpro from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $358.33.

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.