Dimensional Fund Advisors LP cut its position in shares of Enpro Inc. (NYSE:NPO – Free Report) by 15.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 755,662 shares of the industrial products company’s stock after selling 137,220 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Enpro were worth $189,393,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the company. Wasatch Advisors LP boosted its position in Enpro by 8.2% during the third quarter. Wasatch Advisors LP now owns 1,153,237 shares of the industrial products company’s stock worth $260,632,000 after acquiring an additional 87,446 shares during the last quarter. Invesco Ltd. lifted 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 worth $189,728,000 after buying an additional 60,704 shares during the period. Geode Capital Management LLC lifted 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 worth $112,840,000 after buying an additional 16,772 shares during the period. Alliancebernstein L.P. boosted its stake in Enpro by 1,651.9% in the 2nd quarter. Alliancebernstein L.P. now owns 409,798 shares of the industrial products company’s stock worth $78,497,000 after buying an additional 386,406 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Enpro by 32.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 350,948 shares of the industrial products company’s stock worth $75,149,000 after buying an additional 85,667 shares during the last quarter. Institutional investors and hedge funds own 98.31% of the company’s stock.
Analysts Set New Price Targets
NPO has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. started coverage on shares of Enpro in a research note on Monday, July 20th. They set an “overweight” rating and a $420.00 price target on the stock. Weiss Ratings lowered Enpro from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 15th. Finally, KeyCorp raised their price objective on Enpro from $345.00 to $370.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $358.33.
Enpro Trading Down 1.0%
NPO opened at $333.52 on Friday. Enpro Inc. has a 12-month low of $202.00 and a 12-month high of $390.42. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.20 and a quick ratio of 1.40. The stock has a market capitalization of $7.05 billion, a PE ratio of 164.29, a P/E/G ratio of 2.45 and a beta of 1.51. The firm’s fifty day moving average price is $335.08 and its 200 day moving average price is $287.96.
Enpro (NYSE:NPO – Get Free Report) last issued its quarterly 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. The business had revenue of $303.00 million for the quarter, compared to analysts’ expectations of $303.90 million. Enpro had a net margin of 3.70% and a return on equity of 11.33%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.90 earnings per share. Enpro has set its FY 2026 guidance at 8.850-9.500 EPS. As a group, research analysts expect that Enpro Inc. will post 9.16 EPS for the current fiscal year.
Enpro Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Wednesday, June 3rd. Enpro’s payout ratio is presently 63.05%.
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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