Mutual of America Capital Management LLC Sells 3,528 Shares of Enpro Inc. $NPO

Key Points

• Mutual of America Capital Management LLC reduced its holdings in Enpro Inc. by 7.0%, selling 3,528 shares during the second quarter, leaving them with approximately 46,682 shares valued at $8,942,000.
• Recent research reports have seen mixed ratings for Enpro, with Wall Street Zen upgrading the stock to a “buy” rating, while Zacks lowered it to a “hold” rating, reflecting varied analyst sentiment.
• Enpro reported a Q2 EPS of $2.03, missing the consensus estimate by $0.05, but saw a quarterly revenue increase of 6% year-over-year, amounting to $288.1 million.

Mutual of America Capital Management LLC cut its holdings in shares of Enpro Inc. (NYSE:NPO - Free Report) by 7.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,682 shares of the industrial products company's stock after selling 3,528 shares during the period. Mutual of America Capital Management LLC owned about 0.22% of Enpro worth $8,942,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Congress Asset Management Co. boosted its position in Enpro by 0.8% in the 2nd quarter. Congress Asset Management Co. now owns 341,565 shares of the industrial products company's stock valued at $65,427,000 after buying an additional 2,801 shares during the last quarter. Nuveen LLC bought a new position in Enpro in the 1st quarter valued at $28,702,000. Segall Bryant & Hamill LLC boosted its position in Enpro by 15.6% in the 1st quarter. Segall Bryant & Hamill LLC now owns 170,494 shares of the industrial products company's stock valued at $27,584,000 after buying an additional 23,048 shares during the last quarter. Aberdeen Group plc boosted its position in Enpro by 12.1% in the 1st quarter. Aberdeen Group plc now owns 164,437 shares of the industrial products company's stock valued at $26,604,000 after buying an additional 17,772 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in Enpro by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 104,564 shares of the industrial products company's stock valued at $16,917,000 after buying an additional 2,691 shares during the last quarter. 98.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NPO has been the topic of a number of recent research reports. Weiss Ratings reiterated a "hold (c+)" rating on shares of Enpro in a research report on Wednesday, October 8th. Wall Street Zen upgraded Enpro from a "hold" rating to a "buy" rating in a research report on Sunday, August 3rd. Zacks Research lowered Enpro from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 6th. KeyCorp increased their price target on Enpro from $240.00 to $250.00 and gave the company an "overweight" rating in a research note on Tuesday, October 14th. Finally, Oppenheimer increased their price target on 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, two have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $245.00.

Insider Buying and Selling

In related news, EVP Robert Savage Mclean sold 2,541 shares of the firm's 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 sale, the executive vice president owned 29,116 shares of the company's stock, valued at approximately $6,515,287.32. This trade represents a 8.03% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.50% of the company's stock.

Enpro Stock Performance

NPO stock opened at $228.80 on Monday. The company has a market cap of $4.82 billion, a P/E ratio of 57.20, a price-to-earnings-growth ratio of 2.29 and a beta of 1.57. Enpro Inc. has a twelve month low of $133.50 and a twelve month high of $234.95. The company has a quick ratio of 1.65, a current ratio of 2.49 and a debt-to-equity ratio of 0.31. The business's fifty day moving average is $223.40 and its 200-day moving average is $196.53.

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 business had revenue of $288.10 million for the quarter, compared to analyst estimates of $283.83 million. Enpro had a return on equity of 10.49% and a net margin of 7.83%.The business's quarterly 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 EPS. Enpro has set its FY 2025 guidance at 7.600-8.10 EPS. Equities research analysts forecast that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Announces Dividend

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

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