Great Lakes Advisors LLC Sells 6,497 Shares of Enpro Inc. $NPO

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 lowered its holdings in shares of Enpro Inc. (NYSE:NPO - Free Report) by 21.8% in the first quarter, according to its most recent 13F filing with the SEC. 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 filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Aristeia Capital L.L.C. acquired a new position in shares of Enpro during the 1st quarter worth $541,000. Redwood Investments LLC increased its holdings in Enpro by 20.0% in the 1st quarter. Redwood Investments LLC now owns 12,629 shares of the industrial products company's stock worth $2,043,000 after purchasing an additional 2,104 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in Enpro in the 1st quarter worth about $247,000. Dynamic Technology Lab Private Ltd acquired a new position in Enpro in the 1st quarter worth about $684,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Enpro by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,506 shares of the industrial products company's stock valued at $2,023,000 after buying an additional 552 shares during the last quarter. Institutional investors and hedge funds own 98.31% of the company's stock.

Insiders Place Their Bets

In other Enpro 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 transaction, the executive vice president directly owned 29,116 shares of the company's stock, valued at approximately $6,515,287.32. This represents a 8.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.60% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Wall Street Zen upgraded Enpro from a "hold" rating to a "buy" rating in a research report on Sunday, August 3rd. KeyCorp increased their price target on Enpro from $220.00 to $240.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Finally, Oppenheimer increased their price target on Enpro from $215.00 to $240.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $240.00.

Enpro Stock Performance

Shares of NPO traded up $1.24 on Monday, reaching $223.40. 19,877 shares of the company's stock traded hands, compared to its average volume of 130,710. The company has a current ratio of 2.49, a quick ratio of 1.65 and a debt-to-equity ratio of 0.31. The stock has a market cap of $4.70 billion, a PE ratio of 55.85, a PEG ratio of 2.22 and a beta of 1.57. The stock's 50 day simple moving average is $215.47 and its two-hundred day simple moving average is $187.41. Enpro Inc. has a 52-week low of $133.50 and a 52-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 EPS for the quarter, missing analysts' consensus estimates of $2.08 by ($0.05). The business had revenue of $288.10 million for the quarter, compared to analysts' expectations of $283.83 million. Enpro had a net margin of 7.83% and a return on equity of 10.49%. The business's revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.08 earnings per share. Enpro has set its FY 2025 guidance at 7.600-8.10 EPS. On average, analysts forecast that Enpro Inc. will post 7.38 earnings per share for the current fiscal year.

Enpro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders 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 yield of 0.6%. The ex-dividend date of this dividend is Wednesday, September 3rd. Enpro's dividend payout ratio is 31.00%.

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.