California State Teachers Retirement System lessened its stake in shares of Enpro Inc. (NYSE:NPO - Free Report) by 7.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,747 shares of the industrial products company's stock after selling 1,954 shares during the quarter. California State Teachers Retirement System owned approximately 0.11% of Enpro worth $8,950,957 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Enpro during the 2nd quarter worth $27,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Enpro in the 2nd quarter worth about $30,000. Pin Oak Investment Advisors Inc. purchased a new stake in shares of Enpro during the second quarter valued at $38,000. Cedar Mountain Advisors LLC bought a new position in shares of Enpro during the 1st quarter valued at $25,000. Finally, Allworth Financial LP bought a new position in Enpro during the second quarter valued at about $49,000. 98.31% of the stock is currently owned by hedge funds and other institutional investors.
Enpro Stock Up 0.1%
Shares of NPO traded up $0.22 during trading hours on Tuesday, reaching $284.16. The company's stock had a trading volume of 55,490 shares, compared to its average volume of 229,134. 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 company has a 50 day moving average of $318.31 and a two-hundred day moving average of $304.51. The firm has a market cap of $6.02 billion, a price-to-earnings ratio of 138.39, a P/E/G ratio of 2.10 and a beta of 1.55. Enpro Inc. has a 1-year low of $202.00 and a 1-year high of $390.42.
Enpro (NYSE:NPO - Get Free Report) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.32 by $0.18. Enpro had a net margin of 3.60% and a return on equity of 11.83%. The company had revenue of $338.80 million during the quarter, compared to analysts' expectations of $323.68 million. During the same quarter in the previous year, the company 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, research analysts predict that Enpro Inc. will post 9.55 EPS for the current fiscal year.
Enpro Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be issued a $0.32 dividend. The ex-dividend date is Wednesday, September 2nd. This represents a $1.28 annualized dividend and a yield of 0.5%. Enpro's payout ratio is 62.44%.
Wall Street Analyst Weigh In
NPO has been the topic of a number of research reports. Wall Street Zen lowered shares of Enpro from a "buy" rating to a "hold" rating in a research note on Sunday, September 6th. Weiss Ratings lowered shares of Enpro from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday, August 12th. KeyCorp boosted their price objective on shares of Enpro from $345.00 to $370.00 and gave the company an "overweight" rating in a research report on Monday, July 13th. Zacks Research raised shares of Enpro from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 5th. Finally, JPMorgan Chase & Co. began coverage on shares of Enpro in a report on Monday, July 20th. They set an "overweight" rating and a $420.00 target price for the company. One equities 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. Based on data from MarketBeat, Enpro currently has a consensus rating of "Buy" and an average target price of $358.33.
Check Out Our Latest Analysis on NPO
About Enpro
(
Free Report)
Enpro Inc is an industrial technology company that develops and supplies products and services for critical applications where reliability, safety, and performance are essential. Its offerings serve customers in markets such as semiconductor manufacturing, industrial processing, power generation, aerospace, chemical and petrochemical processing, and other demanding operating environments.
Through its Sealing Technologies businesses, Enpro provides engineered sealing systems, gaskets, packing, diaphragms, fluid-handling components, and related maintenance and field services.
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