Enpro Inc. $NPO Shares Newly Purchased by Bank of America Corp DE

Key Points

• Bank of America purchased a new Enpro stake of 36,515 shares worth approximately $13.8 million, representing about 0.17% of the company. Institutional investors collectively own 98.31% of Enpro.
• Analyst sentiment is mixed but remains favorable overall: Enpro has a consensus “Moderate Buy” rating and an average price target of $358.33, with recent targets ranging up to $420.
• Enpro reported strong quarterly results, with EPS of $2.50 and revenue of $338.8 million, beating estimates and posting 17.6% year-over-year revenue growth. The company also pays a quarterly dividend of $0.32 per share, yielding approximately 0.4%.

Bank of America Corp DE purchased a new stake in Enpro Inc. (NYSE:NPO - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 36,515 shares of the industrial products company's stock, valued at approximately $13,764,000. Bank of America Corp DE owned approximately 0.17% of Enpro as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of NPO. Cedar Mountain Advisors LLC bought a new stake in Enpro in the 1st quarter valued at about $25,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Enpro during the second quarter worth approximately $27,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Enpro during the second quarter worth approximately $30,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Enpro in the fourth quarter valued at approximately $33,000. Finally, Allworth Financial LP acquired a new stake in shares of Enpro in the second quarter valued at approximately $49,000. 98.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. assumed coverage on Enpro in a research report on Monday, July 20th. They set an "overweight" rating and a $420.00 price target on the stock. Zacks Research downgraded Enpro from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 18th. Weiss Ratings cut Enpro from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, August 12th. KeyCorp boosted their price target on Enpro from $345.00 to $370.00 and gave the company an "overweight" rating in a research note on Monday, July 13th. Finally, Wall Street Zen downgraded shares of Enpro from a "buy" rating to a "hold" rating in a research note on Sunday, September 6th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $358.33.

Enpro Stock Performance

Shares of Enpro stock opened at $311.98 on Friday. The company has a quick ratio of 1.43, a current ratio of 2.28 and a debt-to-equity ratio of 0.36. Enpro Inc. has a twelve month low of $202.00 and a twelve month high of $390.42. The stock has a market cap of $6.60 billion, a price-to-earnings ratio of 152.19, a P/E/G ratio of 2.17 and a beta of 1.55. The company's fifty day moving average is $313.08 and its 200 day moving average is $306.63.

Enpro (NYSE:NPO - Get Free Report) last announced its earnings results on Tuesday, August 4th. The industrial products company reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.18. Enpro had a return on equity of 11.83% and a net margin of 3.60%.The business had revenue of $338.80 million during the quarter, compared to analyst estimates of $323.68 million. During the same period last year, the company earned $1.25 EPS. Enpro's revenue for the quarter was up 17.6% compared to the same quarter last year. Enpro has set its FY 2026 guidance at 9.300-9.800 EPS. Sell-side analysts forecast that Enpro Inc. will post 9.55 EPS for the current year.

Enpro Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, September 2nd. Enpro's dividend payout ratio is currently 62.44%.

About Enpro

Enpro Inc is an industrial technology company that develops and supplies products and services for critical applications where reliability, safety, and performance are essential. Its offerings serve customers in markets such as semiconductor manufacturing, industrial processing, power generation, aerospace, chemical and petrochemical processing, and other demanding operating environments.

Through its Sealing Technologies businesses, Enpro provides engineered sealing systems, gaskets, packing, diaphragms, fluid-handling components, and related maintenance and field services.

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