Aristeia Capital L.L.C. Purchases Shares of 3,344 Enpro Inc. $NPO

Key Points

• Aristeia Capital L.L.C. has made a new investment in Enpro Inc. by acquiring 3,344 shares valued at approximately $541,000 during the first quarter.
• Analysts are optimistic about Enpro Inc. with upgraded price targets, including Oppenheimer and KeyCorp both setting targets at $240.00, reflecting a consensus "Buy" rating.
• Enpro Inc. recently announced a quarterly dividend of $0.31, which will be paid on September 17th to shareholders recorded by September 3rd, representing an annual yield of 0.6%.

Aristeia Capital L.L.C. purchased a new position in Enpro Inc. (NYSE:NPO - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 3,344 shares of the industrial products company's stock, valued at approximately $541,000.

Several other hedge funds have also modified their holdings of NPO. Deutsche Bank AG raised its holdings in shares of Enpro by 45.0% during the 4th quarter. Deutsche Bank AG now owns 19,124 shares of the industrial products company's stock worth $3,298,000 after acquiring an additional 5,938 shares in the last quarter. Ethic Inc. raised its holdings in shares of Enpro by 33.0% during the 4th quarter. Ethic Inc. now owns 1,975 shares of the industrial products company's stock worth $341,000 after acquiring an additional 490 shares in the last quarter. Ellevest Inc. purchased a new stake in shares of Enpro during the 4th quarter worth approximately $238,000. Janus Henderson Group PLC increased its position in shares of Enpro by 10.3% during the 4th quarter. Janus Henderson Group PLC now owns 186,391 shares of the industrial products company's stock valued at $32,144,000 after purchasing an additional 17,458 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Enpro by 4.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,954 shares of the industrial products company's stock valued at $2,061,000 after purchasing an additional 467 shares during the last quarter. 98.31% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Robert Savage Mclean sold 2,541 shares of the firm's 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 sale, the executive vice president owned 29,116 shares of the company's stock, valued at $6,515,287.32. This trade represents a 8.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

NPO has been the topic of several analyst reports. Oppenheimer boosted their target price on Enpro from $215.00 to $240.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. KeyCorp boosted their target price on Enpro from $220.00 to $240.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen raised 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 given a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $240.00.

Enpro Stock Down 2.9%

NYSE:NPO traded down $6.57 during mid-day trading on Friday, reaching $222.00. The company's stock had a trading volume of 105,914 shares, compared to its average volume of 99,478. 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 firm has a market capitalization of $4.67 billion, a PE ratio of 55.50, a price-to-earnings-growth ratio of 2.29 and a beta of 1.57. The stock has a fifty day moving average of $215.47 and a 200-day moving average of $187.45. Enpro Inc. has a 1 year low of $133.50 and a 1 year high of $231.94.

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

Enpro Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd will be issued a dividend of $0.31 per share. The ex-dividend date is Wednesday, September 3rd. This represents a $1.24 dividend on an annualized basis and a yield of 0.6%. Enpro's dividend payout ratio is currently 31.00%.

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.