Corient Private Wealth LP Takes Position in Enpro Inc. $NPO

Key Points

• Corient Private Wealth acquired 7,380 Enpro shares worth approximately $2.8 million, while other institutions also initiated positions. Institutional investors now own 98.31% of the company.
• Enpro exceeded quarterly expectations, reporting $2.50 in earnings per share versus the $2.32 consensus estimate and revenue of $338.8 million, up 17.6% year over year.
• Shares opened at $288.07, down 2.8%, while analysts maintained a consensus “Buy” rating with an average price target of $358.33. Enpro also declared a quarterly dividend of $0.32 per share.

Corient Private Wealth LP purchased a new stake in shares of Enpro Inc. (NYSE:NPO - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 7,380 shares of the industrial products company's stock, valued at approximately $2,782,000.

A number of other institutional investors also recently bought and sold shares of the stock. Bamco Inc. NY purchased a new position in Enpro during the second quarter worth $150,577,000. Bank of America Corp DE purchased a new stake in shares of Enpro in the second quarter valued at $13,764,000. Gallagher Fiduciary Advisors LLC purchased a new stake in shares of Enpro in the second quarter valued at $1,454,000. Man Group plc bought a new stake in shares of Enpro in the 2nd quarter worth about $1,052,000. Finally, Jupiter Topco LLC bought a new stake in shares of Enpro in the 2nd quarter worth about $65,672,000. 98.31% of the stock is currently owned by institutional investors.

Enpro Trading Down 2.8%

Shares of NYSE NPO opened at $288.07 on Wednesday. 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 business has a fifty day simple moving average of $330.13 and a two-hundred day simple moving average of $303.12. The firm has a market cap of $6.10 billion, a PE ratio of 140.52, a price-to-earnings-growth ratio of 2.07 and a beta of 1.55. Enpro Inc. has a twelve month low of $202.00 and a twelve month 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 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.18. The business had revenue of $338.80 million during 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 business's revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.25 EPS. Enpro has set its FY 2026 guidance at 9.300-9.800 EPS. Analysts expect that Enpro Inc. will post 9.55 earnings per share for the current fiscal year.

Enpro Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be paid a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $1.28 dividend on an annualized basis and a yield of 0.4%. Enpro's dividend payout ratio is 62.44%.

Wall Street Analyst Weigh In

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

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.

Want to see what other hedge funds are holding NPO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enpro Inc. (NYSE:NPO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.