Great Lakes Advisors LLC Acquires New Stake in Enpro Inc. $NPO

Key Points

• Great Lakes Advisors acquired 14,132 Enpro shares worth approximately $5.3 million, while institutional investors collectively own 98.31% of the company.
• Analysts remain broadly bullish, with a consensus “Buy” rating and a $358.33 price target; JPMorgan initiated coverage with an “overweight” rating and a $420 target.
• Enpro beat quarterly estimates with $2.50 EPS and $338.8 million in revenue, up 17.6% year over year. The company also declared a quarterly dividend of $0.32 per share, implying a 0.4% annual yield.

Great Lakes Advisors LLC acquired a new position in shares of Enpro Inc. (NYSE:NPO - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 14,132 shares of the industrial products company's stock, valued at approximately $5,327,000. Great Lakes Advisors LLC owned about 0.07% of Enpro as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of NPO. First National Bank of Omaha purchased a new stake in shares of Enpro in the second quarter valued at about $4,624,000. BlackRock Inc. acquired a new position in shares of Enpro during the second quarter worth about $1,268,036,000. Deutsche Bank AG purchased a new position in Enpro during the second quarter worth about $12,088,000. Trust Co. of Vermont purchased a new position in Enpro during the second quarter worth about $56,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Enpro in the second quarter valued at about $30,000. Hedge funds and other institutional investors own 98.31% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. initiated coverage on Enpro in a report on Monday, July 20th. They issued an "overweight" rating and a $420.00 price objective on the stock. Weiss Ratings downgraded Enpro from a "hold (c+)" rating to a "hold (c)" rating in a research note on Wednesday, August 12th. Wall Street Zen raised Enpro from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. KeyCorp lifted their price target on Enpro from $345.00 to $370.00 and gave the company an "overweight" rating in a research note on Monday, July 13th. Finally, Zacks Research raised Enpro from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $358.33.

Enpro Stock Down 3.2%

Enpro stock opened at $318.80 on Thursday. Enpro Inc. has a fifty-two week low of $202.00 and a fifty-two week high of $390.42. The firm has a market capitalization of $6.75 billion, a price-to-earnings ratio of 155.51, a price-to-earnings-growth ratio of 2.30 and a beta of 1.54. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.43 and a current ratio of 2.28. The stock's fifty day moving average is $340.69 and its two-hundred day moving average is $300.24.

Enpro (NYSE:NPO - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $2.50 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $323.68 million. During the same period in the prior year, the business earned $1.25 earnings per share. The company's quarterly revenue was up 17.6% on a year-over-year basis. Enpro has set its FY 2026 guidance at 9.300-9.800 EPS. Analysts predict that Enpro Inc. will post 9.55 EPS for the current fiscal year.

Enpro Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, September 2nd. Enpro's dividend payout ratio is 62.44%.

Enpro Company Profile

Enpro Group, Inc NYSE: NPO is a global industrial technology company specializing in engineered products designed to perform in critical and harsh environments. The company's product portfolio spans proprietary bearing materials and surface enhancement technologies, high-performance sealing solutions, and fluid handling components. Enpro's offerings are tailored for markets such as semiconductor manufacturing, aerospace, energy, chemical processing, life sciences and general industrial applications.

Formed in December 2002 as a spin-off from the aerospace and defense supplier Goodrich Corporation, Enpro has grown through a combination of targeted acquisitions and focused organic investment in research and development.

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