JPMorgan Chase & Co. initiated coverage on shares of Enpro (NYSE:NPO – Get Free Report) in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage set an “overweight” rating and a $420.00 price target on the industrial products company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 30.16% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the stock. Weiss Ratings cut shares of Enpro from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 15th. KeyCorp boosted their price target on shares of Enpro from $345.00 to $370.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $358.33.
Read Our Latest Report on Enpro
Enpro Stock Performance
Enpro (NYSE:NPO – Get Free Report) last posted its earnings results on Tuesday, May 5th. The industrial products company reported $2.14 EPS for the quarter, topping the consensus estimate of $2.08 by $0.06. Enpro had a return on equity of 11.33% and a net margin of 3.70%.The business had revenue of $303.00 million during the quarter, compared to the consensus estimate of $303.90 million. During the same quarter last year, the company earned $1.90 EPS. Enpro’s revenue was up 10.9% on a year-over-year basis. Enpro has set its FY 2026 guidance at 8.850-9.500 EPS. Research analysts anticipate that Enpro will post 9.14 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Enpro
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC raised its position in shares of Enpro by 67.2% during the 1st quarter. AQR Capital Management LLC now owns 3,287 shares of the industrial products company’s stock valued at $532,000 after acquiring an additional 1,321 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Enpro by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,506 shares of the industrial products company’s stock worth $2,023,000 after purchasing an additional 552 shares during the period. Jones Financial Companies Lllp acquired a new stake in shares of Enpro during the first quarter worth $247,000. United Services Automobile Association bought a new stake in Enpro in the first quarter valued at about $220,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Enpro by 17.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 68,906 shares of the industrial products company’s stock valued at $11,148,000 after purchasing an additional 10,162 shares during the last quarter. 98.31% of the stock is owned by institutional investors.
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.
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