Gallo Partners LP acquired a new stake in shares of Enpro Inc. (NYSE:NPO – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,650 shares of the industrial products company’s stock, valued at approximately $999,000. Enpro comprises about 2.2% of Gallo Partners LP’s investment portfolio, making the stock its 20th biggest holding.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Sanctuary Advisors LLC purchased a new stake in shares of Enpro during the 2nd quarter valued at approximately $426,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Enpro in the 2nd quarter worth approximately $5,370,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Enpro in the 2nd quarter valued at approximately $27,000. Elevation Point Wealth Partners LLC purchased a new position in Enpro in the 2nd quarter valued at approximately $437,000. Finally, Emerald Investment Advisers LLC bought a new stake in Enpro during the 2nd quarter valued at $10,913,000. Institutional investors own 98.31% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have issued reports on NPO shares. Wall Street Zen upgraded Enpro from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. KeyCorp lifted their price target on Enpro from $345.00 to $370.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Zacks Research upgraded Enpro from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. Weiss Ratings cut Enpro from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. initiated 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. One 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 data from MarketBeat, Enpro has a consensus rating of “Buy” and an average price target of $358.33.
Enpro Stock Performance
Enpro stock opened at $312.49 on Monday. Enpro Inc. has a 1-year low of $202.00 and a 1-year high of $390.42. The company has a current ratio of 2.28, a quick ratio of 1.43 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $6.62 billion, a PE ratio of 152.43, a price-to-earnings-growth ratio of 2.18 and a beta of 1.54. The firm’s 50 day simple moving average is $339.79 and its 200 day simple moving average is $301.23.
Enpro (NYSE:NPO – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.32 by $0.18. The firm had revenue of $338.80 million during the quarter, compared to the consensus estimate of $323.68 million. Enpro had a net margin of 3.60% and a return on equity of 11.83%. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period last year, the firm earned $1.25 EPS. Enpro has set its FY 2026 guidance at 9.300-9.800 EPS. As a group, analysts expect that Enpro Inc. will post 9.55 earnings per share for the current fiscal year.
Enpro Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $1.28 annualized dividend and a yield of 0.4%. Enpro’s dividend payout ratio (DPR) is currently 62.44%.
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.
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