Enpro (NYSE:NPO) Sets New 12-Month High - Here's What Happened

Key Points

• Enpro Inc. reached a new 52-week high of $232.54 during trading, currently sitting at $227.20 with a market cap of $4.82 billion.
• Several analysts upgraded their price targets for Enpro, with target prices now set at $240 by both Oppenheimer and KeyCorp.
• The company announced a quarterly dividend of $0.31, resulting in an annualized dividend yield of 0.5%, with a payout ratio of 31%.

Enpro Inc. (NYSE:NPO - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $232.54 and last traded at $227.20, with a volume of 55826 shares. The stock had previously closed at $228.92.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Oppenheimer raised their price target on shares of Enpro from $215.00 to $240.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. KeyCorp boosted their target price on Enpro from $220.00 to $240.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen upgraded Enpro from a "hold" rating to a "buy" rating in a research report on Sunday, August 3rd. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $240.00.

Enpro Price Performance

The stock has a market capitalization of $4.82 billion, a P/E ratio of 57.27, a price-to-earnings-growth ratio of 2.26 and a beta of 1.57. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.65 and a current ratio of 2.49. The firm has a 50-day moving average price of $220.60 and a 200 day moving average price of $191.55.

Enpro (NYSE:NPO - Get Free Report) last issued its earnings results 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 during 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%.The firm's quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.08 EPS. Enpro has set its FY 2025 guidance at 7.600-8.10 EPS. On average, analysts expect that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, September 3rd. Enpro's payout ratio is 31.00%.

Insiders Place Their Bets

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 transaction, the executive vice president directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. raised its holdings in shares of Enpro by 2.6% during the first quarter. Principal Financial Group Inc. now owns 104,564 shares of the industrial products company's stock valued at $16,917,000 after acquiring an additional 2,691 shares in the last quarter. GAMMA Investing LLC raised its stake in Enpro by 94.5% in the first quarter. GAMMA Investing LLC now owns 498 shares of the industrial products company's stock worth $81,000 after buying an additional 242 shares in the last quarter. Voya Investment Management LLC grew its holdings in shares of Enpro by 21.5% during the 1st quarter. Voya Investment Management LLC now owns 18,414 shares of the industrial products company's stock worth $2,979,000 after acquiring an additional 3,261 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in shares of Enpro during the first quarter valued at approximately $1,720,000. Finally, Teacher Retirement System of Texas bought a new position in Enpro in the first quarter worth $495,000. Hedge funds and other 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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