B. Metzler seel. Sohn & Co. AG lessened its holdings in Enpro Inc. (NYSE:NPO - Free Report) by 41.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,103 shares of the industrial products company's stock after selling 7,257 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Enpro were worth $3,808,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of Enpro in the second quarter worth $1,268,036,000. Bamco Inc. NY bought a new position in Enpro during the 2nd quarter worth $150,577,000. Alliancebernstein L.P. lifted 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 worth $78,497,000 after buying an additional 386,406 shares during the period. Wasatch Advisors LP grew its position in shares of Enpro by 34.1% in the 2nd 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 last quarter. Finally, Jupiter Topco LLC bought a new stake in shares of Enpro in the 2nd quarter valued at about $65,672,000. 98.31% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
NPO has been the subject of several analyst reports. Zacks Research upgraded shares of Enpro from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 5th. Wall Street Zen cut shares of Enpro from a "buy" rating to a "hold" rating in a research report on Saturday, August 29th. KeyCorp lifted their target price on shares of Enpro from $345.00 to $370.00 and gave the stock an "overweight" rating in a research note on Monday, July 13th. Weiss Ratings lowered shares of Enpro from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. assumed coverage on Enpro in a report on Monday, July 20th. They set an "overweight" rating and a $420.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $358.33.
Check Out Our Latest Stock Report on NPO
Enpro Stock Performance
NPO stock opened at $296.72 on Friday. The company has a quick ratio of 1.43, a current ratio of 2.28 and a debt-to-equity ratio of 0.36. The firm has a market cap of $6.28 billion, a PE ratio of 144.74, a P/E/G ratio of 2.06 and a beta of 1.55. The business has a 50 day moving average of $325.29 and a 200-day moving average of $303.37. Enpro Inc. has a 12-month low of $202.00 and a 12-month high of $390.42.
Enpro (NYSE:NPO - Get Free Report) last released its earnings results on Tuesday, August 4th. The industrial products company reported $2.50 EPS for the quarter, topping analysts' consensus estimates of $2.32 by $0.18. Enpro had a return on equity of 11.83% and a net margin of 3.60%.The company had revenue of $338.80 million for the quarter, compared to analysts' expectations of $323.68 million. During the same period in the previous year, the business posted $1.25 EPS. The business's revenue for the quarter was up 17.6% compared to the same quarter last year. Enpro has set its FY 2026 guidance at 9.300-9.800 EPS. As a group, sell-side analysts expect that Enpro Inc. will post 9.55 earnings per share for the current year.
Enpro Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd will be paid a dividend of $0.32 per share. The ex-dividend date is Wednesday, September 2nd. This represents a $1.28 annualized dividend and a dividend yield of 0.4%. Enpro's dividend payout ratio (DPR) is presently 62.44%.
Enpro Profile
(
Free Report)
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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