Louisiana State Employees Retirement System Has $1.88 Million Holdings in Enpro Inc. $NPO

Louisiana State Employees Retirement System cut its holdings in Enpro Inc. (NYSE:NPO) by 1.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,800 shares of the industrial products company’s stock after selling 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Enpro were worth $1,877,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. KLP Kapitalforvaltning AS grew its stake in shares of Enpro by 7.3% in the second quarter. KLP Kapitalforvaltning AS now owns 4,400 shares of the industrial products company’s stock valued at $843,000 after acquiring an additional 300 shares in the last quarter. State of Alaska Department of Revenue grew its stake in Enpro by 7.6% during the second quarter. State of Alaska Department of Revenue now owns 12,514 shares of the industrial products company’s stock worth $2,396,000 after buying an additional 882 shares in the last quarter. Congress Asset Management Co. grew its stake 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. Maseco LLP acquired a new stake in Enpro during the second quarter worth about $36,000. Finally, Argent Capital Management LLC grew its stake in Enpro by 5.6% during the second quarter. Argent Capital Management LLC now owns 5,607 shares of the industrial products company’s stock worth $1,074,000 after buying an additional 297 shares in the last quarter. 98.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Enpro in a research note on Wednesday. Zacks Research downgraded shares of Enpro from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Wall Street Zen upgraded shares of Enpro from a “hold” rating to a “buy” rating in a research note on Sunday, August 3rd. Oppenheimer increased their target price on shares of Enpro from $215.00 to $240.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. Finally, KeyCorp increased their target price on shares of Enpro from $220.00 to $240.00 and gave the stock an “overweight” rating in a report on Wednesday, August 6th. One 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 stock. According to MarketBeat, Enpro currently has a consensus rating of “Moderate Buy” and an average target price of $240.00.

Insider Transactions at Enpro

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

Enpro Stock Down 2.1%

NPO stock opened at $214.51 on Friday. The stock has a market capitalization of $4.52 billion, a P/E ratio of 53.63, a price-to-earnings-growth ratio of 2.15 and a beta of 1.57. The company has a current ratio of 2.49, a quick ratio of 1.65 and a debt-to-equity ratio of 0.31. Enpro Inc. has a 12 month low of $133.50 and a 12 month high of $234.95. The firm has a 50-day moving average price of $222.52 and a 200-day moving average price of $194.05.

Enpro (NYSE:NPO) last issued its quarterly earnings data 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). The business had revenue of $288.10 million during the quarter, compared to the consensus estimate of $283.83 million. Enpro had a net margin of 7.83% and a return on equity of 10.49%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.08 EPS. Enpro has set its FY 2025 guidance at 7.600-8.10 EPS. As a group, equities research analysts anticipate that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Wednesday, September 3rd. Enpro’s dividend payout ratio (DPR) is 31.00%.

About Enpro

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.