Deutsche Bank AG Sells 1,235 Shares of Enpro Inc. $NPO

Key Points

• Deutsche Bank AG has reduced its stake in Enpro Inc. by 6.5%, now owning approximately 0.09% of the company, valued at around $2.89 million.
• Enpro reported a $2.03 EPS for the latest quarter, falling short of analyst expectations, while revenue increased by 6% year-over-year, reaching $288.10 million.
• The company announced a quarterly dividend of $0.31 per share, with a yield of 0.5%, scheduled for payment on September 17th.

Deutsche Bank AG cut its holdings in Enpro Inc. (NYSE:NPO - Free Report) by 6.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,889 shares of the industrial products company's stock after selling 1,235 shares during the period. Deutsche Bank AG owned about 0.09% of Enpro worth $2,894,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Xponance Inc. raised its holdings in shares of Enpro by 5.1% in the first quarter. Xponance Inc. now owns 1,570 shares of the industrial products company's stock valued at $254,000 after purchasing an additional 76 shares during the last quarter. Vista Finance LLC raised its holdings in shares of Enpro by 7.0% in the first quarter. Vista Finance LLC now owns 1,267 shares of the industrial products company's stock valued at $205,000 after purchasing an additional 83 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Enpro by 1.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,597 shares of the industrial products company's stock valued at $1,310,000 after purchasing an additional 84 shares during the last quarter. Illinois Municipal Retirement Fund raised its holdings in shares of Enpro by 1.1% in the first quarter. Illinois Municipal Retirement Fund now owns 11,268 shares of the industrial products company's stock valued at $1,823,000 after purchasing an additional 118 shares during the last quarter. Finally, Portside Wealth Group LLC raised its holdings in shares of Enpro by 7.9% in the first quarter. Portside Wealth Group LLC now owns 1,864 shares of the industrial products company's stock valued at $302,000 after purchasing an additional 137 shares during the last quarter. 98.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Enpro

In other Enpro news, EVP Robert Savage Mclean sold 2,541 shares of the company's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $223.77, for a total value of $568,599.57. Following the transaction, the executive vice president directly owned 29,116 shares in the company, valued at $6,515,287.32. The trade was a 8.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

NPO has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Enpro from a "hold" rating to a "buy" rating in a report on Sunday, August 3rd. Oppenheimer boosted their target price on shares of Enpro from $215.00 to $240.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. Finally, KeyCorp boosted their target price on shares of Enpro from $220.00 to $240.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company's stock. According to MarketBeat, Enpro presently has a consensus rating of "Buy" and an average price target of $240.00.

Enpro Stock Down 1.0%

NPO traded down $2.24 during trading on Monday, reaching $225.25. 97,204 shares of the stock were exchanged, compared to its average volume of 144,436. The stock has a market cap of $4.74 billion, a P/E ratio of 56.31, a price-to-earnings-growth ratio of 2.28 and a beta of 1.62. Enpro Inc. has a twelve month low of $133.50 and a twelve month high of $231.94. The stock's 50 day moving average price is $207.36 and its two-hundred day moving average price is $184.92. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.65 and a current ratio of 2.49.

Enpro (NYSE:NPO - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.03 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.05). Enpro had a net margin of 7.83% and a return on equity of 10.49%. The company had revenue of $288.10 million during the quarter, compared to analyst estimates of $283.83 million. During the same quarter in the prior year, the firm earned $2.08 earnings per share. 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 analysts expect that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Dividend Announcement

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