Dynamic Technology Lab Private Ltd Takes Position in Enpro Inc. $NPO

Key Points

• Dynamic Technology Lab Private Ltd invested $684,000 in Enpro Inc., acquiring 4,230 shares of the company.
• Enpro's stock recently received an upgrade from multiple analysts, with target prices raised to $240.00 and a consensus rating of "Buy."
• The company declared a quarterly dividend of $0.31 per share, with an upcoming payment scheduled for September 17th, 2023.

Dynamic Technology Lab Private Ltd bought a new stake in Enpro Inc. (NYSE:NPO - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 4,230 shares of the industrial products company's stock, valued at approximately $684,000.

Other hedge funds have also modified their holdings of the company. Opal Wealth Advisors LLC acquired a new stake in shares of Enpro in the first quarter valued at about $32,000. GAMMA Investing LLC raised its position in shares of Enpro by 94.5% in the first quarter. GAMMA Investing LLC now owns 498 shares of the industrial products company's stock valued at $81,000 after buying an additional 242 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Enpro in the first quarter valued at about $115,000. Vista Finance LLC raised its position 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 buying an additional 83 shares during the last quarter. Finally, Jump Financial LLC acquired a new stake in shares of Enpro in the first quarter valued at about $227,000. 98.31% of the stock is currently owned by institutional investors and hedge funds.

Enpro Trading Down 2.9%

NPO stock traded down $6.57 during mid-day trading on Friday, hitting $222.00. 105,914 shares of the company were exchanged, compared to its average volume of 99,478. The company has a quick ratio of 1.65, a current ratio of 2.49 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $4.67 billion, a P/E ratio of 55.50, a PEG ratio of 2.29 and a beta of 1.57. The business has a fifty day simple moving average of $215.47 and a 200-day simple moving average of $187.40. Enpro Inc. has a 12-month low of $133.50 and a 12-month high of $231.94.

Enpro (NYSE:NPO - Get Free Report) last announced its earnings results on Tuesday, August 5th. The industrial products company reported $2.03 earnings per share for the quarter, missing the consensus estimate of $2.08 by ($0.05). The company had revenue of $288.10 million for the quarter, compared to analysts' expectations of $283.83 million. Enpro had a return on equity of 10.49% and a net margin of 7.83%.The company's quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the business earned $2.08 EPS. Enpro has set its FY 2025 guidance at 7.600-8.10 EPS. On average, equities research analysts predict that Enpro Inc. will post 7.38 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 17th. Stockholders of record on Wednesday, September 3rd will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $1.24 annualized dividend and a dividend yield of 0.6%. Enpro's dividend payout ratio (DPR) is presently 31.00%.

Insider Activity at Enpro

In other news, EVP Robert Savage Mclean sold 2,541 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 29,116 shares of the company's stock, valued at approximately $6,515,287.32. This trade represents a 8.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on NPO shares. Wall Street Zen upgraded shares of Enpro from a "hold" rating to a "buy" rating in a research report on Sunday, August 3rd. KeyCorp upped their price objective on shares of Enpro from $220.00 to $240.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Finally, Oppenheimer upped their price objective on shares of Enpro from $215.00 to $240.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. Based on data from MarketBeat, Enpro has an average rating of "Buy" and a consensus target price of $240.00.

About Enpro

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.