Dimensional Fund Advisors LP Has $171.21 Million Stock Holdings in Enpro Inc. $NPO

Key Points

• Dimensional Fund Advisors LP reduced its stake in Enpro Inc. by 6.9%, holding approximately 1,058,215 shares valued at $171.2 million as of the latest reporting period.
• Enpro recently reported earnings per share of $2.03, missing analysts' estimates, although revenue of $288.1 million surpassed expectations, reflecting a 6% year-over-year increase.
• The company announced a quarterly dividend of $0.31, with an annual yield of 0.5%, contributing to a payout ratio of 31%.

Dimensional Fund Advisors LP lowered its position in Enpro Inc. (NYSE:NPO - Free Report) by 6.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,058,215 shares of the industrial products company's stock after selling 78,595 shares during the quarter. Dimensional Fund Advisors LP owned 5.03% of Enpro worth $171,207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Opal Wealth Advisors LLC acquired a new position in Enpro in the 1st quarter valued at approximately $32,000. Canada Pension Plan Investment Board bought a new stake in shares of Enpro in the fourth quarter worth $69,000. GAMMA Investing LLC grew its stake in shares of Enpro by 94.5% in the first quarter. GAMMA Investing LLC now owns 498 shares of the industrial products company's stock worth $81,000 after purchasing an additional 242 shares during the last quarter. Sterling Capital Management LLC grew its stake in shares of Enpro by 786.6% in the fourth quarter. Sterling Capital Management LLC now owns 594 shares of the industrial products company's stock worth $102,000 after purchasing an additional 527 shares during the last quarter. Finally, Vista Finance LLC increased its holdings in Enpro by 7.0% in the first 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 during the period. Institutional investors own 98.31% of the company's stock.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related 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 transaction of $568,599.57. Following the transaction, the executive vice president directly owned 29,116 shares of the company's stock, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.50% of the company's stock.

Enpro Trading Down 1.0%

Shares of NYSE:NPO traded down $2.24 during mid-day trading on Monday, hitting $225.25. The company had a trading volume of 97,204 shares, compared to its average volume of 144,436. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.49 and a quick ratio of 1.65. Enpro Inc. has a one year low of $133.50 and a one year high of $231.94. The firm has a fifty day moving average price of $207.36 and a 200 day moving average price of $184.92. The company has a market capitalization of $4.74 billion, a PE ratio of 56.31, a price-to-earnings-growth ratio of 2.28 and a beta of 1.62.

Enpro (NYSE:NPO - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $2.03 EPS 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 quarter in the previous year, the business posted $2.08 earnings per share. The company'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. As a group, research analysts forecast that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Dividend Announcement

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 $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, September 3rd. Enpro's payout ratio is presently 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.