Dynamic Technology Lab Private Ltd Buys New 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 shares of Enpro Inc. (NYSE:NPO - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,230 shares of the industrial products company's stock, valued at approximately $684,000.

Other large investors have also recently modified their holdings of the company. Principal Financial Group Inc. boosted its holdings in Enpro by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 104,564 shares of the industrial products company's stock valued at $16,917,000 after acquiring an additional 2,691 shares during the period. GAMMA Investing LLC boosted its holdings in Enpro by 94.5% during the 1st quarter. GAMMA Investing LLC now owns 498 shares of the industrial products company's stock valued at $81,000 after acquiring an additional 242 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in Enpro during the 1st quarter valued at $1,720,000. Teacher Retirement System of Texas purchased a new position in Enpro during the 1st quarter valued at $495,000. Finally, GSA Capital Partners LLP purchased a new position in Enpro during the 1st quarter valued at $1,269,000. Institutional investors own 98.31% of the company's stock.

Insider Transactions at Enpro

In related news, EVP Robert Savage Mclean sold 2,541 shares of the company's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $223.77, for a total transaction of $568,599.57. Following the transaction, the executive vice president directly owned 29,116 shares of the company's stock, valued at $6,515,287.32. This represents a 8.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

NPO has been the subject of a number of recent analyst reports. Wall Street Zen upgraded Enpro from a "hold" rating to a "buy" rating in a report on Sunday, August 3rd. KeyCorp upped their target price on Enpro from $220.00 to $240.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Finally, Oppenheimer upped their target price on Enpro from $215.00 to $240.00 and gave the stock 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 company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $240.00.

Enpro Stock Up 1.2%

Shares of NYSE NPO traded up $2.63 during mid-day trading on Monday, reaching $224.79. 15,315 shares of the company were exchanged, compared to its average volume of 130,693. 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 stock has a market cap of $4.73 billion, a price-to-earnings ratio of 56.08, a P/E/G ratio of 2.22 and a beta of 1.57. Enpro Inc. has a 1 year low of $133.50 and a 1 year high of $231.94. The firm has a 50-day moving average of $215.47 and a 200 day moving average of $187.41.

Enpro (NYSE:NPO - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.03 earnings per share for the quarter, missing analysts' consensus estimates 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 revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.08 earnings per share. Enpro has set its FY 2025 guidance at 7.600-8.10 EPS. On average, research analysts expect that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, September 3rd. Enpro's dividend 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.