Jupiter Topco LLC Makes New Investment in Enpro Inc. $NPO

Key Points

• Jupiter Topco LLC acquired 174,219 Enpro shares worth approximately $65.7 million, representing about 0.82% of the company. Institutional investors and hedge funds collectively own 98.31% of Enpro.
• Analyst sentiment is broadly positive: Enpro has an average “Buy” rating and a consensus price target of $358.33, with recent upgrades and target increases from several firms.
• Enpro exceeded quarterly expectations, reporting $2.50 in earnings per share and $338.8 million in revenue, while revenue rose 17.6% year over year. The company also declared a $0.32 quarterly dividend, equivalent to a 0.4% yield.

Jupiter Topco LLC acquired a new position in Enpro Inc. (NYSE:NPO - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 174,219 shares of the industrial products company's stock, valued at approximately $65,672,000. Jupiter Topco LLC owned approximately 0.82% of Enpro at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Enpro during the second quarter worth approximately $27,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Enpro in the second quarter worth approximately $30,000. Cedar Mountain Advisors LLC bought a new stake in Enpro in the first quarter worth approximately $25,000. Allworth Financial LP acquired a new position in Enpro in the second quarter valued at approximately $49,000. Finally, Trust Co. of Vermont acquired a new position in Enpro in the second quarter valued at approximately $56,000. 98.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NPO has been the subject of several recent analyst reports. Zacks Research raised shares of Enpro from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 5th. Weiss Ratings downgraded shares of Enpro from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, August 12th. KeyCorp increased their target price on shares of Enpro from $345.00 to $370.00 and gave the stock an "overweight" rating in a research note on Monday, July 13th. JPMorgan Chase & Co. assumed coverage on shares of Enpro in a report on Monday, July 20th. They issued an "overweight" rating and a $420.00 price target for the company. Finally, Wall Street Zen upgraded shares of Enpro from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $358.33.

Enpro Stock Up 0.1%

NPO stock opened at $309.06 on Friday. The stock's 50 day simple moving average is $335.24 and its 200 day simple moving average is $302.68. The company has a market cap of $6.54 billion, a P/E ratio of 150.76, a price-to-earnings-growth ratio of 2.16 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. Enpro Inc. has a fifty-two week low of $202.00 and a fifty-two week high of $390.42.

Enpro (NYSE:NPO - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $2.50 EPS for the quarter, beating analysts' consensus estimates of $2.32 by $0.18. The firm had revenue of $338.80 million during the quarter, compared to analysts' expectations of $323.68 million. Enpro had a return on equity of 11.83% and a net margin of 3.60%.The company's revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.25 earnings per share. Enpro has set its FY 2026 guidance at 9.300-9.800 EPS. On average, research analysts expect that Enpro Inc. will post 9.55 earnings per share for the current fiscal year.

Enpro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be given a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $1.28 annualized dividend and a yield of 0.4%. Enpro's dividend payout ratio (DPR) is presently 62.44%.

Enpro 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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