Enpro (NYSE:NPO) Reaches New 12-Month High - What's Next?

Key Points

• Enpro Inc. (NYSE:NPO) reached a new 52-week high trading at $234.95 before closing at $223.77, with a volume of 209,063 shares traded.
• Analysts have upgraded their ratings on Enpro, with KeyCorp and Oppenheimer increasing their price targets to $240.00 and issuing "overweight" and "outperform" ratings, respectively.
• The company announced a quarterly dividend of $0.31 per share, representing a dividend yield of 0.6%, with a payout ratio of 31.00%.

Enpro Inc. (NYSE:NPO - Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $234.95 and last traded at $223.77, with a volume of 209063 shares traded. The stock had previously closed at $233.51.

Analyst Upgrades and Downgrades

NPO has been the topic of several recent analyst reports. KeyCorp lifted their price target on Enpro from $220.00 to $240.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Enpro in a report on Saturday, September 27th. Oppenheimer upped their price target on Enpro from $215.00 to $240.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. Finally, Wall Street Zen raised Enpro from a "hold" rating to a "buy" rating in a report on Sunday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $240.00.

Enpro Stock Performance

The firm has a fifty day simple moving average of $222.09 and a 200 day simple moving average of $193.19. The company has a current ratio of 2.49, a quick ratio of 1.65 and a debt-to-equity ratio of 0.31. The stock has a market cap of $4.71 billion, a price-to-earnings ratio of 55.94, a PEG ratio of 2.34 and a beta of 1.57.

Enpro (NYSE:NPO - Get Free Report) last posted its earnings results on Tuesday, August 5th. The industrial products company reported $2.03 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.05). The company had revenue of $288.10 million for the quarter, compared to the consensus estimate of $283.83 million. Enpro had a return on equity of 10.49% and a net margin of 7.83%.Enpro'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, sell-side analysts expect that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Wednesday, September 3rd. Enpro's dividend payout ratio (DPR) is 31.00%.

Insider Activity 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 stock was sold at an average price of $223.77, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Enpro

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wasatch Advisors LP lifted its position in shares of Enpro by 34.1% during the 2nd quarter. Wasatch Advisors LP now owns 1,065,791 shares of the industrial products company's stock worth $204,152,000 after buying an additional 270,909 shares during the period. Alliancebernstein L.P. increased its holdings in Enpro by 1,651.9% during the 2nd quarter. Alliancebernstein L.P. now owns 409,798 shares of the industrial products company's stock valued at $78,497,000 after purchasing an additional 386,406 shares in the last quarter. Congress Asset Management Co. increased its holdings in Enpro by 0.8% during the 2nd quarter. Congress Asset Management Co. now owns 341,565 shares of the industrial products company's stock valued at $65,427,000 after purchasing an additional 2,801 shares in the last quarter. Bamco Inc. NY increased its holdings in Enpro by 23.0% during the 2nd quarter. Bamco Inc. NY now owns 287,128 shares of the industrial products company's stock valued at $54,999,000 after purchasing an additional 53,713 shares in the last quarter. Finally, Harvey Partners LLC increased its holdings in Enpro by 3.9% during the 2nd quarter. Harvey Partners LLC now owns 238,892 shares of the industrial products company's stock valued at $45,760,000 after purchasing an additional 8,892 shares in the last quarter. Institutional investors own 98.31% of the company's stock.

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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