State of New Jersey Common Pension Fund D Grows Stock Holdings in Enpro Inc. $NPO

State of New Jersey Common Pension Fund D increased its stake in shares of Enpro Inc. (NYSE:NPO) by 8.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,543 shares of the industrial products company’s stock after buying an additional 797 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Enpro were worth $2,020,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Congress Asset Management Co. boosted its holdings in Enpro by 0.8% during the second quarter. Congress Asset Management Co. now owns 341,565 shares of the industrial products company’s stock worth $65,427,000 after buying an additional 2,801 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Enpro in the first quarter valued at about $28,702,000. Segall Bryant & Hamill LLC lifted its holdings in shares of Enpro by 15.6% in the first quarter. Segall Bryant & Hamill LLC now owns 170,494 shares of the industrial products company’s stock valued at $27,584,000 after purchasing an additional 23,048 shares in the last quarter. Aberdeen Group plc lifted its holdings in shares of Enpro by 12.1% in the first quarter. Aberdeen Group plc now owns 164,437 shares of the industrial products company’s stock valued at $26,604,000 after purchasing an additional 17,772 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Enpro by 2.6% in the first quarter. Principal Financial Group Inc. now owns 104,564 shares of the industrial products company’s stock valued at $16,917,000 after purchasing an additional 2,691 shares in the last quarter. Hedge funds and other institutional investors own 98.31% of the company’s stock.

Analyst Ratings Changes

NPO has been the topic of several recent research reports. Oppenheimer upped their price target on shares of Enpro from $215.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, August 6th. Wall Street Zen downgraded shares of Enpro from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Weiss Ratings restated a “hold (c+)” rating on shares of Enpro in a report on Wednesday, October 8th. Zacks Research lowered shares of Enpro from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, KeyCorp upped their target price on shares of Enpro from $240.00 to $250.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Enpro presently has a consensus rating of “Moderate Buy” and a consensus target price of $245.00.

Enpro Stock Performance

Shares of NPO stock opened at $225.37 on Friday. Enpro Inc. has a one year low of $133.50 and a one year high of $236.79. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.65 and a current ratio of 2.49. The company has a 50 day moving average price of $224.32 and a 200 day moving average price of $201.44. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of 56.34, a price-to-earnings-growth ratio of 2.27 and a beta of 1.57.

Enpro (NYSE:NPO) last posted its earnings results on Tuesday, August 5th. The industrial products company reported $2.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.05). Enpro had a return on equity of 10.49% and a net margin of 7.83%.The business had revenue of $288.10 million for the quarter, compared to analyst estimates of $283.83 million. During the same period last year, the company posted $2.08 EPS. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. Enpro has set its FY 2025 guidance at 7.600-8.10 EPS. Sell-side analysts anticipate that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be given a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.24 annualized dividend and a dividend yield of 0.6%. Enpro’s dividend payout ratio is presently 31.00%.

Insiders Place Their Bets

In related news, EVP Robert Savage Mclean sold 2,541 shares of the firm’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $223.77, for a total transaction of $568,599.57. Following the completion of the sale, the executive vice president directly owned 29,116 shares of the company’s stock, valued at approximately $6,515,287.32. This trade represents a 8.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.60% of the company’s stock.

Enpro Company Profile

Enpro Inc design, develops, manufactures, and markets proprietary, value-added products and solutions to safeguard critical environments in the United States, Europe, and internationally. It operates through two segments, Sealing Technologies and Advanced Surface Technologies. The Sealing Technologies segment offers single-use hygienic seals, tubing, components and assemblies; metallic, non-metallic, and composite material gaskets; dynamic seals; compression packing; hydraulic components; expansion joints; and wall penetration products for chemical and petrochemical processing, pulp and paper processing, nuclear energy, hydrogen, natural gas, food and biopharmaceutical processing, primary metal manufacturing, mining, water and waste treatment, commercial vehicle, aerospace, medical, filtration, and semiconductor fabrication industries.