Enpro Inc. $NPO Holdings Trimmed by Amundi

Key Points

• Amundi reduced its stake in Enpro Inc. by 20.3%, owning 8,634 shares valued at $1.286 million after selling 2,193 shares in the first quarter.
• Enpro recently declared a quarterly dividend of $0.31 per share, with a 0.6% dividend yield, to be paid on September 17th.
• Analysts have raised their price targets for Enpro, with estimates now averaging $240.00, reflecting a positive outlook on the company's performance.

Amundi decreased its holdings in shares of Enpro Inc. (NYSE:NPO - Free Report) by 20.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,634 shares of the industrial products company's stock after selling 2,193 shares during the period. Amundi's holdings in Enpro were worth $1,286,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Deutsche Bank AG boosted its stake in shares of Enpro by 45.0% during the 4th quarter. Deutsche Bank AG now owns 19,124 shares of the industrial products company's stock worth $3,298,000 after acquiring an additional 5,938 shares in the last quarter. Ethic Inc. boosted its stake in shares of Enpro by 33.0% during the 4th quarter. Ethic Inc. now owns 1,975 shares of the industrial products company's stock worth $341,000 after acquiring an additional 490 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Enpro by 4.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,954 shares of the industrial products company's stock worth $2,061,000 after acquiring an additional 467 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in shares of Enpro during the 4th quarter worth approximately $345,000. Finally, Nuveen Asset Management LLC boosted its stake in shares of Enpro by 8.8% during the 4th quarter. Nuveen Asset Management LLC now owns 193,696 shares of the industrial products company's stock worth $33,403,000 after acquiring an additional 15,612 shares in the last quarter. Institutional investors and hedge funds own 98.31% of the company's stock.

Insider Transactions at Enpro

In other Enpro news, EVP Robert Savage Mclean sold 2,541 shares of the firm's stock in a transaction dated 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 owned 29,116 shares of the company's stock, valued at $6,515,287.32. This trade represents a 8.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.50% of the stock is owned by corporate insiders.

Enpro Trading Up 0.6%

Shares of NPO stock traded up $1.23 on Monday, reaching $223.39. 103,327 shares of the stock were exchanged, compared to its average volume of 98,657. The stock has a market cap of $4.70 billion, a P/E ratio of 55.85, a price-to-earnings-growth ratio of 2.22 and a beta of 1.57. 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 50 day moving average of $215.96 and a two-hundred day moving average of $187.70. Enpro Inc. has a 1-year low of $133.50 and a 1-year high of $231.94.

Enpro (NYSE:NPO - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $2.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.05). The company had revenue of $288.10 million during the quarter, compared to analyst estimates of $283.83 million. Enpro had a net margin of 7.83% and a return on equity of 10.49%. The firm's revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.08 earnings per share. Enpro has set its FY 2025 guidance at 7.600-8.10 EPS. On average, research analysts anticipate that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $1.24 dividend on an annualized basis and a yield of 0.6%. Enpro's dividend payout ratio (DPR) is currently 31.00%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. KeyCorp boosted their price target on Enpro from $220.00 to $240.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Wall Street Zen raised Enpro from a "hold" rating to a "buy" rating in a research note on Sunday, August 3rd. Finally, Oppenheimer upped their target price on Enpro from $215.00 to $240.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average 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.