Enpro Inc. $NPO Shares Sold by Tributary Capital Management LLC

Key Points

• Tributary Capital Management LLC reduced its stake in Enpro Inc. by 6.3%, now owning approximately 2.9% of the company, while other institutional investors, such as GAMMA Investing LLC and Oppenheimer Asset Management, have recently increased their holdings.
• Enpro recently reported earnings of $2.03 EPS for the quarter, missing analyst expectations, despite a 6.0% increase in revenue compared to the previous year.
• The stock received mixed ratings from analysts, with one firm upgrading it to a "buy" while others maintained a "hold" rating, indicating a current average target price of $245.00.

Tributary Capital Management LLC trimmed its holdings in Enpro Inc. (NYSE:NPO - Free Report) by 6.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 168,079 shares of the industrial products company's stock after selling 11,223 shares during the quarter. Enpro comprises approximately 2.9% of Tributary Capital Management LLC's portfolio, making the stock its biggest position. Tributary Capital Management LLC owned approximately 0.80% of Enpro worth $32,196,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Enpro by 94.5% in the first quarter. GAMMA Investing LLC now owns 498 shares of the industrial products company's stock valued at $81,000 after buying an additional 242 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in Enpro in the first quarter valued at approximately $1,720,000. Illinois Municipal Retirement Fund lifted its stake in Enpro by 1.1% in the first quarter. Illinois Municipal Retirement Fund now owns 11,268 shares of the industrial products company's stock valued at $1,823,000 after buying an additional 118 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in Enpro in the first quarter valued at approximately $495,000. Finally, Principal Financial Group Inc. lifted its stake in Enpro by 2.6% in 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 buying an additional 2,691 shares during the last quarter. 98.31% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Robert Savage Mclean sold 2,541 shares of the company's stock in a transaction 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on NPO shares. Weiss Ratings reiterated a "hold (c+)" rating on shares of Enpro in a research note on Wednesday, October 8th. Zacks Research cut Enpro from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 6th. Oppenheimer boosted their price objective on Enpro from $215.00 to $240.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. KeyCorp boosted their price objective on Enpro from $240.00 to $250.00 and gave the company an "overweight" rating in a research note on Tuesday, October 14th. Finally, Wall Street Zen upgraded Enpro from a "hold" rating to a "buy" rating in a research note on Sunday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $245.00.

Enpro Price Performance

Enpro stock opened at $228.76 on Thursday. Enpro Inc. has a 12 month low of $133.50 and a 12 month high of $236.07. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.49 and a quick ratio of 1.65. The business has a 50 day simple moving average of $223.75 and a 200-day simple moving average of $197.62. The stock has a market capitalization of $4.82 billion, a PE ratio of 57.19, a price-to-earnings-growth ratio of 2.32 and a beta of 1.57.

Enpro (NYSE:NPO - Get Free Report) last released 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 return on equity of 10.49% and a net margin of 7.83%.The company had revenue of $288.10 million for the quarter, compared to analysts' expectations of $283.83 million. During the same quarter last year, the company earned $2.08 EPS. Enpro's revenue for the quarter 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 analysts predict that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd were issued 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 was Wednesday, September 3rd. Enpro's dividend payout ratio is currently 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.

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