Invesco Ltd. Sells 12,176 Shares of Enpro Inc. $NPO

Key Points

• Invesco Ltd. reduced its stake in Enpro Inc. by 1.7%, holding 705,280 shares worth approximately $114.1 million as of the end of the first quarter.
• Several institutional investors, including Townsquare Capital LLC and Swiss National Bank, have increased their holdings in Enpro, contributing to a high institutional ownership of 98.31%.
• Wall Street analysts are optimistic about Enpro, with KeyCorp and Oppenheimer raising their target prices to $240 and issuing positive ratings on the stock.

Invesco Ltd. trimmed its position in shares of Enpro Inc. (NYSE:NPO - Free Report) by 1.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 705,280 shares of the industrial products company's stock after selling 12,176 shares during the period. Invesco Ltd. owned about 3.35% of Enpro worth $114,107,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Opal Wealth Advisors LLC purchased a new position in shares of Enpro during the 1st quarter valued at about $32,000. Canada Pension Plan Investment Board purchased a new position in shares of Enpro during the 4th quarter valued at about $69,000. GAMMA Investing LLC raised its holdings 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 buying an additional 242 shares in the last quarter. Sterling Capital Management LLC increased its stake in Enpro by 786.6% in the 4th 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 period. Finally, Vista Finance LLC increased its stake in Enpro by 7.0% in the 1st quarter. Vista Finance LLC now owns 1,267 shares of the industrial products company's stock worth $205,000 after purchasing an additional 83 shares during the period. 98.31% of the stock is owned by hedge funds and other institutional investors.

Enpro Stock Up 0.6%

Shares of NYSE NPO traded up $1.26 during mid-day trading on Tuesday, hitting $228.15. 12,800 shares of the stock traded hands, compared to its average volume of 133,690. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.65 and a current ratio of 2.49. Enpro Inc. has a 52 week low of $133.50 and a 52 week high of $231.94. The company has a market cap of $4.80 billion, a price-to-earnings ratio of 56.92, a PEG ratio of 2.23 and a beta of 1.62. The stock has a fifty day moving average price of $203.99 and a 200-day moving average price of $183.61.

Enpro (NYSE:NPO - Get Free Report) last released 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 net margin of 7.83% and a return on equity of 10.49%. The firm had revenue of $288.10 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. Enpro has set its FY 2025 guidance at 7.600-8.10 EPS. Research analysts anticipate that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Announces Dividend

The company also recently declared 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. The ex-dividend date is Wednesday, September 3rd. This represents a $1.24 annualized dividend and a dividend yield of 0.5%. Enpro's payout ratio is currently 31.00%.

Wall Street Analysts Forecast Growth

NPO has been the topic of a number of analyst reports. Sidoti raised Enpro to a "strong-buy" rating in a research note on Wednesday, April 23rd. Wall Street Zen raised Enpro from a "hold" rating to a "buy" rating in a research note on Sunday, August 3rd. KeyCorp lifted 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. Finally, Oppenheimer lifted their price target on Enpro from $215.00 to $240.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat.com, Enpro presently has a consensus rating of "Buy" and an average target price of $240.00.

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.