Enpro (NYSE:NPO) Downgraded to "Hold" Rating by Wall Street Zen

Key Points

• Enpro has been downgraded from a "buy" rating to a "hold" rating by Wall Street Zen, reflecting a shift in analyst sentiment.
• Oppenheimer raised its price target for Enpro from $215 to $240, while Zacks Research also downgraded the stock to a "hold" rating.
• Enpro's shares opened at $233.12, showing a year-over-year revenue increase of 6.0%, despite reporting missed earnings compared to consensus estimates.

Enpro (NYSE:NPO - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Saturday.

NPO has been the subject of a number of other reports. Oppenheimer lifted their price target on Enpro from $215.00 to $240.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. Zacks Research cut Enpro from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 6th. KeyCorp boosted their target price on Enpro from $240.00 to $250.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 14th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Enpro in a research note on Wednesday, October 8th. One research 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 company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $245.00.

Enpro Stock Up 0.6%

Shares of Enpro stock opened at $233.12 on Friday. Enpro has a 52-week low of $133.50 and a 52-week high of $236.07. The company has a 50 day moving average of $224.09 and a 200 day moving average of $198.90. The company has a quick ratio of 1.65, a current ratio of 2.49 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $4.91 billion, a P/E ratio of 58.28, a P/E/G ratio of 2.32 and a beta of 1.57.

Enpro (NYSE:NPO - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.05). The firm had revenue of $288.10 million for the quarter, compared to analysts' expectations of $283.83 million. Enpro had a return on equity of 10.49% and a net margin of 7.83%.Enpro's revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the firm posted $2.08 earnings per share. Enpro has set its FY 2025 guidance at 7.600-8.10 EPS. As a group, research analysts forecast that Enpro will post 7.38 EPS for the current fiscal year.

Insider Buying and Selling at Enpro

In other news, EVP Robert Savage Mclean sold 2,541 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $223.77, for a total value of $568,599.57. Following the completion of the sale, the executive vice president directly owned 29,116 shares of the company's stock, valued at approximately $6,515,287.32. This represents a 8.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.60% of the company's stock.

Institutional Investors Weigh In On Enpro

Several large investors have recently modified their holdings of NPO. Private Trust Co. NA boosted its stake in Enpro by 98.6% during the 3rd quarter. Private Trust Co. NA now owns 147 shares of the industrial products company's stock worth $33,000 after purchasing an additional 73 shares during the period. Huntington National Bank boosted its stake in shares of Enpro by 106.3% during the second quarter. Huntington National Bank now owns 165 shares of the industrial products company's stock worth $32,000 after buying an additional 85 shares during the period. Maseco LLP acquired a new stake in shares of Enpro during the second quarter worth about $36,000. EverSource Wealth Advisors LLC lifted its position in Enpro by 36.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 192 shares of the industrial products company's stock worth $37,000 after acquiring an additional 51 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Enpro during the 2nd quarter worth approximately $42,000. 98.31% of the stock is owned by institutional investors and hedge funds.

Enpro Company 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.

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