Enpro Inc. $NPO Shares Acquired by Aberdeen Group plc

Key Points

• Aberdeen Group plc has increased its stake in Enpro Inc. by 12.1%, now owning a total of 164,437 shares valued at approximately $26.6 million as of the recent reporting period.
• Enpro Inc.** has lowered its earnings guidance for the current year and reported a quarterly earnings miss of $2.03 per share against an expected $2.08.
• Enpro announced a quarterly dividend of $0.31 per share, reflecting a 0.6% yield, with an ex-dividend date set for September 3rd.

Aberdeen Group plc lifted its position in Enpro Inc. (NYSE:NPO - Free Report) by 12.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 164,437 shares of the industrial products company's stock after buying an additional 17,772 shares during the period. Aberdeen Group plc owned approximately 0.78% of Enpro worth $26,604,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of NPO. Opal Wealth Advisors LLC purchased a new position in shares of Enpro in the 1st quarter worth approximately $32,000. Canada Pension Plan Investment Board purchased a new position in shares of Enpro in the 4th quarter worth approximately $69,000. GAMMA Investing LLC grew its position in shares of Enpro by 94.5% in the 1st quarter. GAMMA Investing LLC now owns 498 shares of the industrial products company's stock worth $81,000 after buying an additional 242 shares during the last quarter. Sterling Capital Management LLC grew its position in shares of Enpro by 786.6% in the 4th quarter. Sterling Capital Management LLC now owns 594 shares of the industrial products company's stock worth $102,000 after buying an additional 527 shares during the last quarter. Finally, Vista Finance LLC grew its position in shares of Enpro by 7.0% in the 1st quarter. Vista Finance LLC now owns 1,267 shares of the industrial products company's stock worth $205,000 after buying an additional 83 shares during the last quarter. Hedge funds and other institutional investors own 98.31% of the company's stock.

Enpro Stock Performance

NPO stock traded up $8.2920 during trading on Friday, reaching $228.1120. The company had a trading volume of 158,465 shares, compared to its average volume of 138,858. The firm has a 50-day simple moving average of $206.67 and a 200-day simple moving average of $184.70. The company has a market cap of $4.80 billion, a price-to-earnings ratio of 57.03, a price-to-earnings-growth ratio of 2.28 and a beta of 1.62. 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 Inc. has a twelve month low of $133.50 and a twelve month high of $231.94.

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

Enpro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 0.5%. The ex-dividend date is Wednesday, September 3rd. Enpro's payout ratio is presently 31.00%.

Insider Buying and Selling

In other Enpro news, EVP Robert Savage Mclean sold 2,541 shares of Enpro stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $223.77, for a total transaction of $568,599.57. Following the completion of the sale, the executive vice president directly owned 29,116 shares in the company, valued at approximately $6,515,287.32. The trade was a 8.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.60% of the company's stock.

Analyst Ratings Changes

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