Enpro Inc. $NPO Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. decreased its stake in Enpro Inc. by 0.9%, now holding approximately 10.99% of the company, valued at around $374 million.
• Enpro reported earnings per share of $2.03 for the last quarter, missing analyst estimates, but its revenue increased by 6% year-over-year, totaling $288.1 million.
• The firm announced a quarterly dividend of $0.31, representing an annual yield of 0.6%, with a payout ratio of 31%.

Vanguard Group Inc. decreased its holdings in shares of Enpro Inc. (NYSE:NPO - Free Report) by 0.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,313,236 shares of the industrial products company's stock after selling 20,399 shares during the period. Vanguard Group Inc. owned approximately 10.99% of Enpro worth $374,258,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jefferies Financial Group Inc. bought a new position in Enpro during the first quarter valued at about $349,000. Natixis Advisors LLC raised its stake in shares of Enpro by 12.0% during the first quarter. Natixis Advisors LLC now owns 16,160 shares of the industrial products company's stock worth $2,615,000 after acquiring an additional 1,732 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Enpro during the first quarter worth approximately $1,269,000. First National Advisers LLC purchased a new position in shares of Enpro in the first quarter worth $440,000. Finally, LPL Financial LLC boosted its holdings in Enpro by 12.2% in the first quarter. LPL Financial LLC now owns 21,766 shares of the industrial products company's stock valued at $3,240,000 after acquiring an additional 2,375 shares in the last quarter. Hedge funds and other institutional investors own 98.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Oppenheimer boosted their target price on shares of Enpro from $215.00 to $240.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. Wall Street Zen raised shares of Enpro from a "hold" rating to a "buy" rating in a research report on Sunday, August 3rd. Sidoti upgraded Enpro to a "strong-buy" rating in a research note on Wednesday, April 23rd. Finally, KeyCorp upped their price target on Enpro from $220.00 to $240.00 and gave the stock 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 given a Buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $240.00.

Enpro Stock Down 1.2%

NYSE NPO traded down $2.5750 during trading on Thursday, hitting $219.9050. The company's stock had a trading volume of 164,945 shares, compared to its average volume of 134,345. 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 $4.63 billion, a PE ratio of 54.98, a P/E/G ratio of 2.23 and a beta of 1.62. The business's 50 day simple moving average is $205.87 and its 200-day simple moving average is $184.42. Enpro Inc. has a fifty-two week low of $133.50 and a fifty-two week high of $231.94.

Enpro (NYSE:NPO - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $2.03 earnings per share 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 business had revenue of $288.10 million during the quarter, compared to analyst estimates of $283.83 million. During the same period in the prior year, the business posted $2.08 EPS. Enpro's revenue was up 6.0% compared to the same quarter last year. Enpro has set its FY 2025 guidance at 7.600-8.10 EPS. On average, equities analysts anticipate that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be given a $0.31 dividend. The ex-dividend date is Wednesday, September 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.6%. Enpro's payout ratio is 31.00%.

Insider Activity at Enpro

In related news, EVP Robert Savage Mclean sold 2,541 shares of the business'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 completion of the sale, the executive vice president directly owned 29,116 shares in the company, valued at approximately $6,515,287.32. The trade was a 8.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.60% of the company's stock.

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.