Equitable Holdings Inc. Buys Shares of 2,210 Enpro Inc. $NPO

Equitable Holdings Inc. purchased a new position in Enpro Inc. (NYSE:NPO) in the second quarter, HoldingsChannel reports. The institutional investor purchased 2,210 shares of the industrial products company’s stock, valued at approximately $833,000.

A number of other institutional investors have also recently made changes to their positions in NPO. BlackRock Inc. purchased a new stake in shares of Enpro during the 2nd quarter valued at $1,268,036,000. Wasatch Advisors LP increased its stake in Enpro by 8.2% in the third quarter. Wasatch Advisors LP now owns 1,153,237 shares of the industrial products company’s stock valued at $260,632,000 after acquiring an additional 87,446 shares during the last quarter. Invesco Ltd. raised its position in 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 purchasing an additional 60,704 shares in the last quarter. Geode Capital Management LLC raised its position 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 valued at $112,840,000 after purchasing an additional 16,772 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its stake in 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 during the last quarter. Institutional investors own 98.31% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on NPO shares. Wall Street Zen cut Enpro from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings downgraded Enpro from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. JPMorgan Chase & Co. assumed coverage on Enpro in a research note on Monday, July 20th. They issued an “overweight” rating and a $420.00 target price for the company. Zacks Research upgraded shares of Enpro from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Finally, KeyCorp lifted their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Enpro currently has an average rating of “Buy” and an average target price of $358.33.

Enpro Stock Performance

NYSE NPO opened at $299.09 on Friday. The company has a 50-day simple moving average of $333.61 and a two-hundred day simple moving average of $302.66. 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 12-month low of $202.00 and a 12-month high of $390.42. The firm has a market cap of $6.33 billion, a price-to-earnings ratio of 145.90, a PEG ratio of 2.09 and a beta of 1.54.

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

Enpro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be given 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 dividend payout ratio (DPR) is presently 62.44%.

Enpro Company 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.