Gamco Investors INC. ET AL Has $63.41 Million Stock Position in Enpro Inc. $NPO

Key Points

• Gamco Investors INC. ET AL sold 46,802 shares of Enpro Inc., reducing its holdings by 10.7% to 391,908 shares, making up about 0.7% of its investment portfolio.
• Enpro's stock received upgrades from analysts, with Oppenheimer and KeyCorp raising their price target to $240.00 and assigning an "outperform" and "overweight" rating, respectively.
• The company declared a quarterly dividend of $0.31, representing a 0.6% dividend yield, with a payout ratio of 31.00%.

Gamco Investors INC. ET AL lessened its position in Enpro Inc. (NYSE:NPO - Free Report) by 10.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 391,908 shares of the industrial products company's stock after selling 46,802 shares during the period. Enpro makes up 0.7% of Gamco Investors INC. ET AL's portfolio, making the stock its 24th biggest position. Gamco Investors INC. ET AL owned approximately 1.86% of Enpro worth $63,407,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Opal Wealth Advisors LLC acquired a new stake in shares of Enpro in the 1st quarter worth about $32,000. GAMMA Investing LLC increased its holdings in shares of Enpro by 94.5% in the 1st quarter. GAMMA Investing LLC now owns 498 shares of the industrial products company's stock worth $81,000 after acquiring an additional 242 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Enpro in the 1st quarter worth about $115,000. Vista Finance LLC increased its holdings in shares of 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 acquiring an additional 83 shares during the period. Finally, Ellevest Inc. acquired a new stake in shares of Enpro in the 4th quarter worth about $238,000. Institutional investors and hedge funds own 98.31% of the company's stock.

Insider Buying and Selling at Enpro

In other news, EVP Robert Savage Mclean sold 2,541 shares of the firm's stock in a transaction dated Wednesday, August 20th. The shares were 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 owned 29,116 shares in the company, valued at approximately $6,515,287.32. This trade represents a 8.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.60% of the company's stock.

Enpro Price Performance

Enpro stock traded up $0.40 during trading hours on Thursday, hitting $226.60. 119,778 shares of the company traded hands, compared to its average volume of 134,454. Enpro Inc. has a 1-year low of $133.50 and a 1-year high of $231.94. The company has a quick ratio of 1.65, a current ratio of 2.49 and a debt-to-equity ratio of 0.31. The firm's 50-day simple moving average is $209.77 and its two-hundred day simple moving average is $185.74. The firm has a market cap of $4.77 billion, a P/E ratio of 56.65, a P/E/G ratio of 2.26 and a beta of 1.62.

Enpro (NYSE:NPO - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $288.10 million for the quarter, compared to the consensus estimate of $283.83 million. During the same quarter last year, the business posted $2.08 EPS. The business'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. As a group, analysts forecast that Enpro Inc. will post 7.38 earnings per share for the current fiscal year.

Enpro Announces Dividend

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 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 dividend payout ratio (DPR) is 31.00%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Oppenheimer increased their price objective on shares of Enpro from $215.00 to $240.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. KeyCorp raised their target price on shares of Enpro from $220.00 to $240.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Finally, Wall Street Zen raised shares of Enpro from a "hold" rating to a "buy" rating in a research note on Sunday, August 3rd. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $240.00.

Enpro 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.