Enpro Inc. $NPO Shares Sold by Dimensional Fund Advisors LP

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 lessened its holdings in Enpro Inc. (NYSE:NPO - Free Report) by 6.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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.

A number of other institutional investors also recently added to or reduced their stakes in NPO. Opal Wealth Advisors LLC purchased a new stake in Enpro in the 1st quarter valued at approximately $32,000. Canada Pension Plan Investment Board purchased a new stake in Enpro in the 4th quarter valued at approximately $69,000. GAMMA Investing LLC lifted its position in shares of Enpro by 94.5% during the 1st quarter. GAMMA Investing LLC now owns 498 shares of the industrial products company's stock valued at $81,000 after acquiring an additional 242 shares during the period. Sterling Capital Management LLC lifted its position in shares of Enpro by 786.6% during the 4th quarter. Sterling Capital Management LLC now owns 594 shares of the industrial products company's stock valued at $102,000 after acquiring an additional 527 shares during the period. Finally, Vista Finance LLC lifted its position in shares of Enpro by 7.0% during the 1st quarter. Vista Finance LLC now owns 1,267 shares of the industrial products company's stock valued at $205,000 after acquiring an additional 83 shares during the period. Hedge funds and other institutional investors own 98.31% of the company's stock.

Enpro Price Performance

Shares of Enpro stock traded up $8.2920 during trading on Friday, hitting $228.1120. 158,465 shares of the company were exchanged, compared to its average volume of 138,858. The company has a quick ratio of 1.65, a current ratio of 2.49 and a debt-to-equity ratio of 0.31. Enpro Inc. has a fifty-two week low of $133.50 and a fifty-two week high of $231.94. The stock has a market capitalization of $4.80 billion, a price-to-earnings ratio of 57.03, a P/E/G ratio of 2.28 and a beta of 1.62. The firm has a 50 day moving average price of $206.67 and a 200 day moving average price of $184.70.

Enpro (NYSE:NPO - Get Free Report) last issued 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). 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 analyst estimates of $283.83 million. During the same quarter in the prior year, the firm earned $2.08 earnings per share. The company'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. On average, equities analysts expect that Enpro Inc. will post 7.38 earnings per share for the current fiscal year.

Enpro Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Wednesday, September 3rd. Enpro's payout ratio is currently 31.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on NPO shares. Wall Street Zen upgraded shares of Enpro from a "hold" rating to a "buy" rating in a research report on Sunday, August 3rd. Oppenheimer lifted their price target 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. Finally, KeyCorp lifted their price target on shares of Enpro from $220.00 to $240.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. One 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 company has an average rating of "Buy" and an average price target of $240.00.

Insider Activity

In related news, EVP Robert Savage Mclean sold 2,541 shares of Enpro 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 $6,515,287.32. The trade was a 8.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.60% of the stock is owned by corporate insiders.

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.