Enpro Inc. $NPO Position Trimmed by Trust Point Inc.

Key Points

• Trust Point Inc. has reduced its stake in Enpro Inc. (NYSE:NPO) by 27.0%, selling 1,145 shares and retaining 3,103 shares valued at approximately $594,000.
• Enpro reported earnings per share (EPS) of $2.03 for the last quarter, falling short of estimates, while revenue increased by 6.0% year-over-year to $288.10 million.
• Recent upgrades in analyst ratings have raised Enpro's target price to $240.00, with a consensus average rating of "Buy" from equity research analysts.

Trust Point Inc. lowered its position in Enpro Inc. (NYSE:NPO - Free Report) by 27.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,103 shares of the industrial products company's stock after selling 1,145 shares during the quarter. Trust Point Inc.'s holdings in Enpro were worth $594,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new position in Enpro in the 1st quarter worth $32,000. GAMMA Investing LLC raised its stake in shares of Enpro by 94.5% in the 1st quarter. GAMMA Investing LLC now owns 498 shares of the industrial products company's stock valued at $81,000 after purchasing an additional 242 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Enpro in the 1st quarter valued at about $115,000. Vista Finance LLC raised its stake in shares of Enpro by 7.0% in the 1st quarter. Vista Finance LLC now owns 1,267 shares of the industrial products company's stock valued at $205,000 after purchasing an additional 83 shares in the last quarter. Finally, Strs Ohio acquired a new stake in shares of Enpro in the 1st quarter valued at about $210,000. Institutional investors and hedge funds own 98.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Oppenheimer upped their target price on shares of Enpro from $215.00 to $240.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. Wall Street Zen upgraded shares of Enpro from a "hold" rating to a "buy" rating in a research note on Sunday, August 3rd. Finally, KeyCorp upped their target price on shares of Enpro from $220.00 to $240.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $240.00.

Insider Activity

In related news, EVP Robert Savage Mclean sold 2,541 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $223.77, for a total transaction 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 trade represents a 8.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.50% of the stock is owned by company insiders.

Enpro Price Performance

Shares of Enpro stock traded down $0.32 on Monday, hitting $224.63. The company had a trading volume of 36,511 shares, compared to its average volume of 131,361. The business has a 50-day simple moving average of $217.50 and a 200-day simple moving average of $188.96. 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 company has a market cap of $4.73 billion, a PE ratio of 56.08, a PEG ratio of 2.25 and a beta of 1.57. Enpro Inc. has a 52 week low of $133.50 and a 52 week high of $231.94.

Enpro (NYSE:NPO - Get Free Report) last posted its quarterly earnings data 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 the consensus estimate of $283.83 million. Enpro had a net margin of 7.83% and a return on equity of 10.49%. The company's revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the business earned $2.08 earnings per share. Enpro has set its FY 2025 guidance at 7.600-8.10 EPS. Research analysts expect that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd were issued a $0.31 dividend. The ex-dividend date was Wednesday, September 3rd. This represents a $1.24 annualized dividend and a dividend yield of 0.6%. 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.