T. Rowe Price Investment Management Inc. Sells 9,196 Shares of Enpro Inc. $NPO

Key Points

• T. Rowe Price Investment Management Inc. reduced its stake in Enpro Inc. by 1.0%, selling 9,196 shares, and owns 4.47% of the company worth approximately $152.3 million.
• Enpro's quarterly earnings report showed a miss on EPS estimates, reporting $2.03 against the expected $2.08, while revenue of $288.1 million was above analyst forecasts.
• Several analysts have upgraded their ratings on Enpro, with KeyCorp and Oppenheimer setting a new target price of $240, indicating strong market confidence in the stock's performance.

T. Rowe Price Investment Management Inc. lessened its position in shares of Enpro Inc. (NYSE:NPO - Free Report) by 1.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 941,494 shares of the industrial products company's stock after selling 9,196 shares during the period. T. Rowe Price Investment Management Inc. owned 4.47% of Enpro worth $152,325,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Principal Financial Group Inc. lifted its position 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 in the last quarter. GAMMA Investing LLC grew its stake in 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 in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in Enpro in the 1st quarter worth approximately $1,720,000. Teacher Retirement System of Texas purchased a new stake in shares of Enpro in the 1st quarter valued at $495,000. Finally, GSA Capital Partners LLP bought a new position in Enpro in the 1st quarter worth $1,269,000. 98.31% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Robert Savage Mclean sold 2,541 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $223.77, for a total transaction of $568,599.57. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently commented on NPO shares. Oppenheimer increased their price objective on shares of Enpro from $215.00 to $240.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. KeyCorp lifted their price objective 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. Finally, Wall Street Zen upgraded Enpro from a "hold" rating to a "buy" rating in a research report on Sunday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $240.00.

Enpro Trading Down 0.1%

Shares of NPO stock traded down $0.28 on Wednesday, hitting $227.04. 14,298 shares of the stock traded hands, compared to its average volume of 133,365. The stock has a market capitalization of $4.78 billion, a PE ratio of 56.84, a PEG ratio of 2.25 and a beta of 1.62. Enpro Inc. has a twelve month low of $133.50 and a twelve month high of $231.94. The firm's 50-day moving average price is $208.13 and its two-hundred day moving average price is $185.22. 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 announced its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $2.03 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.05). Enpro had a net margin of 7.83% and a return on equity of 10.49%. The company had revenue of $288.10 million during the quarter, compared to analysts' expectations of $283.83 million. During the same quarter in the prior year, the company earned $2.08 earnings per share. The business'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, analysts anticipate that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, September 3rd. 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.