Enpro Inc. $NPO Shares Sold by Great Lakes Advisors LLC

Key Points

• Great Lakes Advisors LLC reduced its holdings in Enpro Inc. by 21.8%, now owning 23,359 shares valued at approximately $3.78 million.
• Several other institutional investors increased their stakes in Enpro, with Congress Asset Management Co. boosting its holdings by 8.0% in the first quarter.
• Enpro's Q2 earnings missed analysts' expectations, reporting $2.03 earnings per share as opposed to the anticipated $2.08.

Great Lakes Advisors LLC decreased its holdings in Enpro Inc. (NYSE:NPO - Free Report) by 21.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,359 shares of the industrial products company's stock after selling 6,497 shares during the period. Great Lakes Advisors LLC owned about 0.11% of Enpro worth $3,779,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of NPO. Deutsche Bank AG lifted its position in Enpro by 45.0% during the fourth quarter. Deutsche Bank AG now owns 19,124 shares of the industrial products company's stock valued at $3,298,000 after purchasing an additional 5,938 shares in the last quarter. Ethic Inc. lifted its position in shares of Enpro by 33.0% in the fourth quarter. Ethic Inc. now owns 1,975 shares of the industrial products company's stock valued at $341,000 after acquiring an additional 490 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Enpro by 10.3% in the fourth quarter. Janus Henderson Group PLC now owns 186,391 shares of the industrial products company's stock valued at $32,144,000 after acquiring an additional 17,458 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Enpro by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,954 shares of the industrial products company's stock valued at $2,061,000 after acquiring an additional 467 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new position in shares of Enpro in the fourth quarter valued at about $345,000. 98.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NPO. Oppenheimer lifted their target price on Enpro from $215.00 to $240.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. KeyCorp lifted their target price on Enpro from $220.00 to $240.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Finally, Wall Street Zen raised Enpro from a "hold" rating to a "buy" rating in a report on Sunday, August 3rd. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $240.00.

Enpro Trading Down 2.9%

NYSE:NPO traded down $6.57 during midday trading on Friday, hitting $222.00. The stock had a trading volume of 105,914 shares, compared to its average volume of 99,478. Enpro Inc. has a one year low of $133.50 and a one year high of $231.94. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of 55.50, a PEG ratio of 2.29 and a beta of 1.57. The stock has a 50-day moving average of $215.47 and a 200 day moving average of $187.45. The company has a quick ratio of 1.65, a current ratio of 2.49 and a debt-to-equity ratio of 0.31.

Enpro (NYSE:NPO - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.05). The firm had revenue of $288.10 million during the quarter, compared to the consensus estimate of $283.83 million. Enpro had a return on equity of 10.49% and a net margin of 7.83%.The firm's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the company earned $2.08 EPS. Enpro has set its FY 2025 guidance at 7.600-8.10 EPS. As a group, sell-side analysts forecast that Enpro Inc. will post 7.38 EPS for the current 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 issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Wednesday, September 3rd. Enpro's dividend payout ratio is currently 31.00%.

Insider Activity at Enpro

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

About Enpro

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.