Amundi Sells 2,193 Shares of Enpro Inc. $NPO

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

Other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in shares of Enpro by 2.6% during the first quarter. Principal Financial Group Inc. now owns 104,564 shares of the industrial products company's stock valued at $16,917,000 after purchasing an additional 2,691 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Enpro by 94.5% during the first 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 period. Oppenheimer Asset Management Inc. acquired a new position in shares of Enpro during the first quarter worth approximately $1,720,000. Teacher Retirement System of Texas acquired a new position in shares of Enpro during the first quarter worth approximately $495,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Enpro during the first quarter worth approximately $1,269,000. 98.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NPO has been the subject of several analyst reports. Oppenheimer boosted their price objective on Enpro from $215.00 to $240.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. KeyCorp boosted their price objective on Enpro from $220.00 to $240.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen upgraded Enpro from a "hold" rating to a "buy" rating in a research report on Sunday, August 3rd. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $240.00.

Insider Transactions at Enpro

In related news, EVP Robert Savage Mclean sold 2,541 shares of the company's stock in a transaction 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 sale, the executive vice president directly owned 29,116 shares in the company, valued at approximately $6,515,287.32. This represents a 8.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.60% of the company's stock.

Enpro Price Performance

Shares of NYSE NPO traded up $9.71 during trading on Thursday, hitting $227.60. The company had a trading volume of 95,262 shares, compared to its average volume of 99,966. The company has a market cap of $4.79 billion, a P/E ratio of 56.90, a PEG ratio of 2.18 and a beta of 1.57. Enpro Inc. has a 52 week low of $133.50 and a 52 week high of $231.94. The business's 50-day moving average is $217.09 and its 200 day moving average is $188.45. 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 (NYSE:NPO - Get Free Report) last posted its quarterly earnings results 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). 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 period last year, the company posted $2.08 earnings per share. The company's revenue was up 6.0% compared to the same quarter last year. Enpro has set its FY 2025 guidance at 7.600-8.10 EPS. Equities research analysts predict that Enpro Inc. will post 7.38 earnings per share for the current fiscal year.

Enpro Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd were paid a $0.31 dividend. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.5%. Enpro's dividend payout ratio is 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.