Intech Investment Management LLC Acquires 5,122 Shares of Enpro Inc. $NPO

Key Points

• Intech Investment Management LLC increased its stake in Enpro Inc. by 43.9% during the 1st quarter, owning approximately 0.08% of the company, valued at around $2.7 million.
• Analysts have raised their price targets for Enpro, with Oppenheimer and KeyCorp both increasing their targets to $240.00 and rating the stock as "outperform" and "overweight," respectively.
• Enpro recently declared a quarterly dividend of $0.31 per share, which will be paid on September 17th, reflecting an annualized yield of 0.6%.

Intech Investment Management LLC grew its holdings in shares of Enpro Inc. (NYSE:NPO - Free Report) by 43.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,783 shares of the industrial products company's stock after acquiring an additional 5,122 shares during the quarter. Intech Investment Management LLC owned 0.08% of Enpro worth $2,715,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Xponance Inc. increased its stake in shares of Enpro by 5.1% in the first quarter. Xponance Inc. now owns 1,570 shares of the industrial products company's stock valued at $254,000 after buying an additional 76 shares during the period. Vista Finance LLC increased its stake in shares of Enpro by 7.0% in the first quarter. Vista Finance LLC now owns 1,267 shares of the industrial products company's stock valued at $205,000 after buying an additional 83 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Enpro by 1.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,597 shares of the industrial products company's stock valued at $1,310,000 after buying an additional 84 shares during the period. Illinois Municipal Retirement Fund increased its stake in shares of Enpro by 1.1% in the first quarter. Illinois Municipal Retirement Fund now owns 11,268 shares of the industrial products company's stock valued at $1,823,000 after buying an additional 118 shares during the period. Finally, Portside Wealth Group LLC increased its stake in shares of Enpro by 7.9% in the first quarter. Portside Wealth Group LLC now owns 1,864 shares of the industrial products company's stock valued at $302,000 after buying an additional 137 shares during the period. Institutional investors and hedge funds own 98.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Oppenheimer upped their price objective on Enpro from $215.00 to $240.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. KeyCorp upped their price objective on 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 Enpro from a "hold" rating to a "buy" rating in a research note on Sunday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $240.00.

Insiders Place Their Bets

In other Enpro news, EVP Robert Savage Mclean sold 2,541 shares of the stock in a transaction that occurred 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 transaction, the executive vice president directly owned 29,116 shares in the company, valued at approximately $6,515,287.32. This represents a 8.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.60% of the company's stock.

Enpro Trading Down 1.2%

NYSE:NPO traded down $2.84 on Friday, reaching $224.56. 315,860 shares of the stock traded hands, compared to its average volume of 96,482. The firm has a market capitalization of $4.73 billion, a price-to-earnings ratio of 56.14, a price-to-earnings-growth ratio of 2.27 and a beta of 1.57. The company's 50 day moving average is $217.50 and its 200-day moving average is $188.79. The company has a current ratio of 2.49, a quick ratio of 1.65 and a debt-to-equity ratio of 0.31. Enpro Inc. has a 1-year low of $133.50 and a 1-year high of $231.94.

Enpro (NYSE:NPO - Get Free Report) last released its earnings results on Tuesday, August 5th. The industrial products company reported $2.03 earnings per share for the quarter, missing analysts' consensus estimates of $2.08 by ($0.05). The firm had revenue of $288.10 million for the quarter, compared to analyst estimates of $283.83 million. Enpro had a net margin of 7.83% and a return on equity of 10.49%. The business's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.08 EPS. Enpro has set its FY 2025 guidance at 7.600-8.10 EPS. Equities research analysts anticipate that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Wednesday, September 3rd. Enpro's dividend payout ratio is currently 31.00%.

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.