Neuberger Berman Group LLC Has $86.54 Million Stake in Enpro Inc. $NPO

Key Points

• Neuberger Berman Group LLC decreased its stake in Enpro Inc. by 0.5%, owning 534,892 shares after selling 2,768 shares, worth approximately $86.54 million.
• Analysts have shown an optimistic outlook for Enpro, with upgrades from firms like Sidoti and Oppenheimer, the latter increasing its target price from $215 to $240.
• Enpro recently announced a quarterly dividend of $0.31 per share, representing an annual yield of 0.5%, with a dividend payout ratio of 31.00%.

Neuberger Berman Group LLC decreased its stake in Enpro Inc. (NYSE:NPO - Free Report) by 0.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 534,892 shares of the industrial products company's stock after selling 2,768 shares during the quarter. Neuberger Berman Group LLC owned approximately 2.54% of Enpro worth $86,540,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Opal Wealth Advisors LLC bought a new position in shares of Enpro during the 1st quarter valued at $32,000. Canada Pension Plan Investment Board bought a new position in shares of Enpro during the 4th quarter valued at $69,000. GAMMA Investing LLC raised its holdings in shares of Enpro by 94.5% during the 1st quarter. GAMMA Investing LLC now owns 498 shares of the industrial products company's stock valued at $81,000 after purchasing an additional 242 shares in the last quarter. Sterling Capital Management LLC raised its holdings in shares of Enpro by 786.6% during the 4th quarter. Sterling Capital Management LLC now owns 594 shares of the industrial products company's stock valued at $102,000 after purchasing an additional 527 shares in the last quarter. Finally, Vista Finance LLC raised its holdings in shares of Enpro by 7.0% during the 1st quarter. Vista Finance LLC now owns 1,267 shares of the industrial products company's stock valued at $205,000 after purchasing an additional 83 shares in the last quarter. Hedge funds and other institutional investors own 98.31% of the company's stock.

Enpro Stock Performance

NYSE:NPO traded up $4.25 during midday trading on Monday, reaching $227.12. The stock had a trading volume of 91,430 shares, compared to its average volume of 134,469. Enpro Inc. has a 1-year low of $133.50 and a 1-year high of $231.94. The firm's fifty day simple moving average is $203.28 and its 200-day simple moving average is $183.32. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.49 and a quick ratio of 1.65. The stock has a market capitalization of $4.78 billion, a P/E ratio of 56.78, a PEG ratio of 2.23 and a beta of 1.62.

Enpro (NYSE:NPO - Get Free Report) last posted its earnings results on Tuesday, August 5th. The industrial products company reported $2.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.08 by ($0.05). The firm had revenue of $288.10 million during 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 quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.08 earnings per share. On average, equities research analysts forecast that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on NPO. KeyCorp raised their price target on shares of Enpro from $220.00 to $240.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Wall Street Zen upgraded shares of Enpro from a "hold" rating to a "buy" rating in a research note on Sunday, August 3rd. Sidoti upgraded shares of Enpro to a "strong-buy" rating in a research note on Wednesday, April 23rd. Finally, Oppenheimer raised 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.

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.