1,841 Shares in Enpro Inc. $NPO Purchased by Malaga Cove Capital LLC

Malaga Cove Capital LLC bought a new position in Enpro Inc. (NYSE:NPO) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,841 shares of the industrial products company’s stock, valued at approximately $353,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Principal Financial Group Inc. lifted its holdings in shares of Enpro by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 104,564 shares of the industrial products company’s stock worth $16,917,000 after purchasing an additional 2,691 shares during the last quarter. Voya Investment Management LLC increased its position in Enpro by 21.5% in the first quarter. Voya Investment Management LLC now owns 18,414 shares of the industrial products company’s stock worth $2,979,000 after buying an additional 3,261 shares during the period. Congress Asset Management Co. lifted its stake in Enpro by 0.8% in the second quarter. Congress Asset Management Co. now owns 341,565 shares of the industrial products company’s stock valued at $65,427,000 after buying an additional 2,801 shares during the last quarter. Maryland State Retirement & Pension System boosted its holdings in shares of Enpro by 0.9% during the second quarter. Maryland State Retirement & Pension System now owns 6,184 shares of the industrial products company’s stock valued at $1,185,000 after acquiring an additional 58 shares during the period. Finally, Intech Investment Management LLC boosted its holdings in shares of Enpro by 43.9% during the first quarter. Intech Investment Management LLC now owns 16,783 shares of the industrial products company’s stock valued at $2,715,000 after acquiring an additional 5,122 shares during the period. 98.31% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Robert Savage Mclean sold 2,541 shares of Enpro stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $223.77, for a total transaction of $568,599.57. Following the transaction, the executive vice president directly owned 29,116 shares of the company’s stock, valued at $6,515,287.32. The trade was a 8.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is owned by corporate insiders.

Enpro Trading Up 0.1%

Enpro stock opened at $212.98 on Friday. Enpro Inc. has a 12-month low of $133.50 and a 12-month high of $248.88. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.49 and a quick ratio of 1.65. The stock has a market capitalization of $4.48 billion, a PE ratio of 53.25, a price-to-earnings-growth ratio of 2.27 and a beta of 1.60. The firm has a 50 day simple moving average of $224.06 and a 200-day simple moving average of $204.75.

Enpro (NYSE:NPO) last released its earnings results on Tuesday, November 4th. The industrial products company reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.06. The firm had revenue of $286.60 million during the quarter, compared to the consensus estimate of $276.57 million. Enpro had a return on equity of 10.49% and a net margin of 7.83%. Enpro has set its FY 2025 guidance at 7.750-8.050 EPS. As a group, equities research analysts expect that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.24 annualized dividend and a yield of 0.6%. Enpro’s dividend payout ratio (DPR) is currently 31.00%.

Analyst Ratings Changes

A number of research firms recently weighed in on NPO. Oppenheimer increased their price objective on shares of Enpro from $215.00 to $240.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. Weiss Ratings restated a “hold (c+)” rating on shares of Enpro in a research note on Wednesday, October 8th. Wall Street Zen raised Enpro from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Research downgraded Enpro from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Finally, KeyCorp raised their target price on Enpro from $240.00 to $250.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $245.00.

Enpro 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.