T. Rowe Price Investment Management Inc. Has $152.33 Million Stock Holdings in 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. trimmed its position in shares of Enpro Inc. (NYSE:NPO - Free Report) by 1.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 about 4.47% of Enpro worth $152,325,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Enpro in the 1st quarter worth about $115,000. Aberdeen Group plc grew its stake in shares of Enpro by 12.1% in the 1st quarter. Aberdeen Group plc now owns 164,437 shares of the industrial products company's stock valued at $26,604,000 after buying an additional 17,772 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Enpro in the first quarter worth approximately $309,000. Informed Momentum Co LLC bought a new position in Enpro during the first quarter valued at approximately $1,968,000. Finally, HighTower Advisors LLC raised its position in Enpro by 8.5% during the first quarter. HighTower Advisors LLC now owns 3,847 shares of the industrial products company's stock valued at $622,000 after acquiring an additional 302 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 company's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $223.77, for a total value of $568,599.57. Following the completion of the transaction, the executive vice president owned 29,116 shares of the company's stock, valued at $6,515,287.32. This represents a 8.03% decrease in their position. The transaction 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.

Analyst Upgrades and Downgrades

NPO has been the subject of several recent research reports. Oppenheimer boosted their target price 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. KeyCorp upped their price objective on shares of Enpro from $220.00 to $240.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Finally, Wall Street Zen raised Enpro from a "hold" rating to a "buy" rating in a research report on Sunday, August 3rd. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $240.00.

Enpro Stock Performance

Shares of NPO traded up $2.32 during mid-day trading on Tuesday, hitting $227.27. The company's stock had a trading volume of 97,343 shares, compared to its average volume of 133,732. The stock's 50-day moving average is $207.36 and its two-hundred day moving average is $184.92. The firm has a market capitalization of $4.78 billion, a PE ratio of 56.82, 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 one year low of $133.50 and a one year 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 the consensus estimate of $2.08 by ($0.05). The company had revenue of $288.10 million for 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%. Enpro's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.08 earnings per share. Enpro has set its FY 2025 guidance at 7.600-8.10 EPS. As a group, sell-side analysts anticipate that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Announces Dividend

The company also recently announced 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. 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 0.5%. Enpro's dividend payout ratio (DPR) is 31.00%.

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.