LPL Financial LLC Buys 2,375 Shares of Enpro Inc. $NPO

Key Points

• LPL Financial LLC has increased its holdings in Enpro Inc. by 12.2%, now owning approximately 0.10% of the company worth $3.24 million.
• Several institutional investors have significantly increased their stakes in Enpro, with GAMMA Investing LLC growing by an astonishing 31,373% in the first quarter.
• Analyst ratings for Enpro have improved recently, with KeyCorp raising their price target from $220 to $240 and maintaining an "overweight" rating.

LPL Financial LLC grew its stake in Enpro Inc. (NYSE:NPO - Free Report) by 12.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,766 shares of the industrial products company's stock after buying an additional 2,375 shares during the period. LPL Financial LLC owned 0.10% of Enpro worth $3,240,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Capital International Investors increased its stake in shares of Enpro by 6.8% in the fourth quarter. Capital International Investors now owns 964,470 shares of the industrial products company's stock valued at $166,323,000 after buying an additional 60,998 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in shares of Enpro by 4.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 950,690 shares of the industrial products company's stock valued at $163,947,000 after buying an additional 36,501 shares during the period. Capital World Investors acquired a new stake in shares of Enpro in the fourth quarter valued at about $108,825,000. Congress Asset Management Co. increased its stake in shares of Enpro by 8.0% in the first quarter. Congress Asset Management Co. now owns 338,764 shares of the industrial products company's stock valued at $54,809,000 after buying an additional 25,005 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Enpro by 20.8% in the fourth quarter. Northern Trust Corp now owns 268,542 shares of the industrial products company's stock valued at $46,310,000 after buying an additional 46,191 shares during the period. Institutional investors and hedge funds own 98.31% of the company's stock.

Enpro Stock Down 0.2%

Shares of Enpro stock traded down $0.5450 on Tuesday, hitting $226.3450. The company had a trading volume of 87,202 shares, compared to its average volume of 134,168. The stock has a market capitalization of $4.76 billion, a price-to-earnings ratio of 56.59, a P/E/G ratio of 2.23 and a beta of 1.62. Enpro Inc. has a 1 year low of $133.50 and a 1 year high of $231.94. The stock has a 50 day moving average of $203.99 and a 200-day moving average of $183.61. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.65 and a current ratio of 2.49.

Enpro (NYSE:NPO - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.03 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.05). The company had revenue of $288.10 million during the quarter, compared to analysts' expectations of $283.83 million. Enpro had a return on equity of 10.49% and a net margin of 7.83%.The business'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 earnings per share. 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 earnings per share for the current year.

Enpro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, September 3rd. Enpro's dividend payout ratio (DPR) is presently 31.00%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NPO shares. Sidoti raised Enpro to a "strong-buy" rating in a research note on Wednesday, April 23rd. KeyCorp upped their target price on Enpro from $220.00 to $240.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Oppenheimer upped their target price on Enpro from $215.00 to $240.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen upgraded Enpro from a "hold" rating to a "buy" rating in a research report on Sunday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. Based on data from MarketBeat.com, Enpro has an average rating of "Buy" and a consensus target price of $240.00.

Enpro Company 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.