Legal & General Group Plc decreased its stake in Enpro Inc. (NYSE:NPO – Free Report) by 2.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 54,444 shares of the industrial products company’s stock after selling 1,590 shares during the period. Legal & General Group Plc’s holdings in Enpro were worth $11,658,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in NPO. Alliancebernstein L.P. lifted its stake in Enpro by 1,651.9% in the second quarter. Alliancebernstein L.P. now owns 409,798 shares of the industrial products company’s stock valued at $78,497,000 after buying an additional 386,406 shares during the period. Wasatch Advisors LP lifted its stake in Enpro by 34.1% in the second quarter. Wasatch Advisors LP now owns 1,065,791 shares of the industrial products company’s stock valued at $204,152,000 after buying an additional 270,909 shares during the period. Invesco Ltd. lifted its stake in Enpro by 26.5% in the third quarter. Invesco Ltd. now owns 825,339 shares of the industrial products company’s stock valued at $186,527,000 after buying an additional 172,991 shares during the period. Bessemer Group Inc. lifted its stake in Enpro by 36,070.1% in the fourth quarter. Bessemer Group Inc. now owns 105,255 shares of the industrial products company’s stock valued at $22,540,000 after buying an additional 104,964 shares during the period. Finally, Sei Investments Co. lifted its stake in Enpro by 134.5% in the second quarter. Sei Investments Co. now owns 110,361 shares of the industrial products company’s stock valued at $21,140,000 after buying an additional 63,293 shares during the period. Institutional investors and hedge funds own 98.31% of the company’s stock.
Analyst Ratings Changes
A number of research firms have recently commented on NPO. KeyCorp raised their price target on Enpro from $310.00 to $345.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Oppenheimer raised their price target on Enpro from $240.00 to $285.00 and gave the stock an “outperform” rating in a research report on Thursday, February 19th. Wall Street Zen lowered Enpro from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, Weiss Ratings raised Enpro from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Enpro currently has a consensus rating of “Moderate Buy” and an average target price of $315.00.
Enpro Trading Up 0.6%
NYSE NPO opened at $318.01 on Thursday. The firm has a market cap of $6.72 billion, a P/E ratio of 156.65, a P/E/G ratio of 2.31 and a beta of 1.55. 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’s 50-day moving average is $287.75 and its 200-day moving average is $255.53. Enpro Inc. has a one year low of $179.64 and a one year high of $326.98.
Enpro (NYSE:NPO – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.06. The company had revenue of $303.00 million for the quarter, compared to analyst estimates of $303.90 million. Enpro had a return on equity of 11.33% and a net margin of 3.70%.Enpro’s revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.90 earnings per share. Enpro has set its FY 2026 guidance at 8.850-9.500 EPS. Sell-side analysts anticipate that Enpro Inc. will post 9.14 earnings per share for the current fiscal year.
Enpro Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, June 3rd. Enpro’s dividend payout ratio (DPR) is currently 63.05%.
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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