Bamco Inc. NY Purchases Shares of 399,482 Enpro Inc. $NPO

Key Points

• Bamco Inc. NY acquired 399,482 Enpro shares worth approximately $150.6 million, representing about 1.89% of the company. Institutional investors collectively own 98.31% of Enpro.
• Analyst sentiment is broadly positive: Enpro has a consensus “Buy” rating and an average price target of $358.33, with JPMorgan initiating coverage at “Overweight” and a $420 target.
• Enpro exceeded quarterly expectations with $2.50 in EPS versus a $2.32 estimate and revenue of $338.8 million, up 17.6% year over year. The company also declared a $0.32 quarterly dividend, equal to a 0.4% annualized yield.

Bamco Inc. NY purchased a new stake in Enpro Inc. (NYSE:NPO - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 399,482 shares of the industrial products company's stock, valued at approximately $150,577,000. Bamco Inc. NY owned approximately 1.89% of Enpro as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of NPO. AQR Capital Management LLC grew its holdings in shares of Enpro by 67.2% during the first quarter. AQR Capital Management LLC now owns 3,287 shares of the industrial products company's stock worth $532,000 after purchasing an additional 1,321 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Enpro by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,506 shares of the industrial products company's stock valued at $2,023,000 after purchasing an additional 552 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in Enpro in the 1st quarter worth approximately $247,000. United Services Automobile Association bought a new position in Enpro in the first quarter valued at $220,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Enpro by 17.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 68,906 shares of the industrial products company's stock valued at $11,148,000 after buying an additional 10,162 shares in the last quarter. Institutional investors own 98.31% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NPO. JPMorgan Chase & Co. began coverage on Enpro in a report on Monday, July 20th. They issued an "overweight" rating and a $420.00 price objective on the stock. Wall Street Zen raised Enpro from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Zacks Research upgraded Enpro from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 5th. KeyCorp lifted their price objective on Enpro from $345.00 to $370.00 and gave the stock an "overweight" rating in a research report on Monday, July 13th. Finally, Weiss Ratings cut Enpro from a "hold (c+)" rating to a "hold (c)" rating in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $358.33.

Enpro Trading Up 1.9%

NYSE NPO opened at $309.08 on Thursday. The stock's fifty day moving average price is $336.67 and its 200-day moving average price is $302.39. The company has a current ratio of 2.28, a quick ratio of 1.43 and a debt-to-equity ratio of 0.36. The stock has a market cap of $6.54 billion, a P/E ratio of 150.77, a P/E/G ratio of 2.12 and a beta of 1.54. 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 quarterly earnings data on Tuesday, August 4th. The industrial products company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.18. The business had revenue of $338.80 million for the quarter, compared to analysts' expectations of $323.68 million. Enpro had a return on equity of 11.83% and a net margin of 3.60%.The firm's quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.25 EPS. Enpro has set its FY 2026 guidance at 9.300-9.800 EPS. As a group, equities analysts forecast that Enpro Inc. will post 9.55 EPS for the current fiscal year.

Enpro Announces Dividend

The firm 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. This represents a $1.28 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Wednesday, September 2nd. Enpro's dividend payout ratio (DPR) is currently 62.44%.

About Enpro

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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