Enpro Inc. $NPO Stock Sold by State of Alaska Department of Revenue

Key Points

• Alaska reduced its Enpro stake by 43.9% in the third quarter, selling 3,558 shares and retaining 4,546 shares valued at approximately $1.39 million. Institutional investors and hedge funds collectively own 98.31% of the company.
• Analyst sentiment remains generally positive, with three Buy ratings and two Holds producing a consensus “Moderate Buy” rating and an average price target of $358.33.
• Enpro exceeded quarterly expectations, reporting $2.50 in earnings per share and $338.8 million in revenue, up 17.6% year over year. The company also declared a quarterly dividend of $0.32 per share, yielding about 0.4%.

State of Alaska Department of Revenue lowered its position in Enpro Inc. (NYSE:NPO - Free Report) by 43.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,546 shares of the industrial products company's stock after selling 3,558 shares during the quarter. State of Alaska Department of Revenue's holdings in Enpro were worth $1,391,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mather Group LLC. raised its holdings in shares of Enpro by 58.3% in the 3rd quarter. Mather Group LLC. now owns 95 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 35 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Enpro by 8.6% during the 3rd quarter. GAMMA Investing LLC now owns 920 shares of the industrial products company's stock worth $282,000 after purchasing an additional 73 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Enpro by 33.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,105 shares of the industrial products company's stock worth $338,000 after purchasing an additional 280 shares during the last quarter. QRG Capital Management Inc. grew its stake in shares of Enpro by 14.0% during the second quarter. QRG Capital Management Inc. now owns 1,162 shares of the industrial products company's stock worth $438,000 after purchasing an additional 143 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its stake in shares of Enpro by 2.0% during the second quarter. Sequoia Financial Advisors LLC now owns 1,716 shares of the industrial products company's stock worth $647,000 after purchasing an additional 34 shares in the last quarter. Institutional investors and hedge funds own 98.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NPO. Wall Street Zen cut Enpro from a "buy" rating to a "hold" rating in a research note on Sunday, September 6th. JPMorgan Chase & Co. started coverage on Enpro in a research report on Monday, July 20th. They set an "overweight" rating and a $420.00 price objective for the company. Zacks Research cut Enpro from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 18th. Weiss Ratings downgraded Enpro from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday, August 12th. Finally, KeyCorp increased their price objective on Enpro from $345.00 to $370.00 and gave the company an "overweight" rating in a report on Monday, July 13th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $358.33.

Enpro Stock Up 2.9%

NPO stock opened at $289.13 on Tuesday. The company has a current ratio of 2.28, a quick ratio of 1.43 and a debt-to-equity ratio of 0.36. Enpro Inc. has a twelve month low of $202.00 and a twelve month high of $390.42. The company's 50 day moving average is $307.15 and its two-hundred day moving average is $313.60. The stock has a market cap of $6.12 billion, a P/E ratio of 141.04, a PEG ratio of 1.95 and a beta of 1.58.

Enpro (NYSE:NPO - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.18. Enpro had a net margin of 3.60% and a return on equity of 11.83%. The business had revenue of $338.80 million during the quarter, compared to the consensus estimate of $323.68 million. During the same quarter in the previous year, the firm earned $1.25 EPS. The company's revenue was up 17.6% compared to the same quarter last year. Enpro has set its FY 2026 guidance at 9.300-9.800 EPS. Research analysts expect that Enpro Inc. will post 9.59 earnings per share for the current fiscal year.

Enpro Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.4%. The ex-dividend date was Wednesday, September 2nd. Enpro's dividend payout ratio (DPR) is currently 62.44%.

Enpro Company Profile

Enpro Inc NYSE: NPO is an industrial technology company that designs and manufactures engineered products for demanding applications. Its offerings are used in industries including semiconductor manufacturing, aerospace, power generation, chemical processing, oil and gas, and general industrial markets, where reliability, precision, and resistance to heat, pressure, and corrosive environments are important.

Enpro operates through businesses focused on sealing technologies and advanced surface technologies.

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