Enpro Inc. $NPO Position Increased by LPL Financial LLC

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 increased its stake in Enpro Inc. (NYSE:NPO - Free Report) by 12.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 about 0.10% of Enpro worth $3,240,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in NPO. Capital World Investors bought a new stake in shares of Enpro in the fourth quarter worth $108,825,000. Bamco Inc. NY bought a new stake in shares of Enpro in the fourth quarter worth $24,208,000. GAMMA Investing LLC increased its stake in shares of Enpro by 31,373.0% in the first quarter. GAMMA Investing LLC now owns 80,571 shares of the industrial products company's stock worth $13,036,000 after buying an additional 80,315 shares during the last quarter. 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 worth $166,323,000 after buying an additional 60,998 shares during the last quarter. 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 worth $46,310,000 after buying an additional 46,191 shares during the last quarter. Institutional investors own 98.31% of the company's stock.

Enpro Stock Performance

Shares of Enpro stock traded down $2.5750 during trading on Thursday, hitting $219.9050. 164,945 shares of the stock were exchanged, compared to its average volume of 134,345. The stock's fifty day moving average is $205.87 and its 200 day moving average is $184.42. The stock has a market cap of $4.63 billion, a PE ratio of 54.98, a P/E/G ratio of 2.23 and a beta of 1.62. 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 Inc. has a 12 month low of $133.50 and a 12 month high of $231.94.

Enpro (NYSE:NPO - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $288.10 million for 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 was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.08 EPS. Enpro has set its FY 2025 guidance at 7.600-8.10 EPS. As a group, sell-side analysts anticipate that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, September 3rd. Enpro's dividend payout ratio is presently 31.00%.

Insiders Place Their Bets

In other Enpro news, EVP Robert Savage Mclean sold 2,541 shares of the company's stock in a transaction dated Wednesday, August 20th. The shares were 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.60% of the company's stock.

Wall Street Analyst Weigh In

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

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.