Enpro Inc. $NPO Shares Sold by Northern Trust Corp

Key Points

• Northern Trust Corp reduced its stake in Enpro Inc. by 1.3%, selling 3,490 shares, and now owns approximately 1.26% of the company, valued at $42.88 million.
• Enpro reported earnings per share of $2.03 for the last quarter, missing estimates of $2.08 but showed a year-over-year revenue increase of 6.0%.
• The company announced a quarterly dividend of $0.31 per share, scheduled for payment to stockholders on September 17th, representing an annual yield of 0.5%.

Northern Trust Corp trimmed its position in Enpro Inc. (NYSE:NPO - Free Report) by 1.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 265,052 shares of the industrial products company's stock after selling 3,490 shares during the quarter. Northern Trust Corp owned 1.26% of Enpro worth $42,883,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of NPO. Marshall Wace LLP purchased a new position in shares of Enpro in the 4th quarter worth about $862,000. First Trust Advisors LP acquired a new stake in shares of Enpro in the fourth quarter valued at about $757,000. Hsbc Holdings PLC grew its stake in shares of Enpro by 125.7% in the fourth quarter. Hsbc Holdings PLC now owns 7,589 shares of the industrial products company's stock valued at $1,312,000 after buying an additional 4,227 shares in the last quarter. Gallagher Fiduciary Advisors LLC grew its stake in shares of Enpro by 18.1% in the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 3,049 shares of the industrial products company's stock valued at $526,000 after buying an additional 467 shares in the last quarter. Finally, Bamco Inc. NY acquired a new stake in shares of Enpro in the fourth quarter valued at about $24,208,000. 98.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Oppenheimer increased their target price on Enpro from $215.00 to $240.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. Wall Street Zen upgraded Enpro from a "hold" rating to a "buy" rating in a research note on Sunday, August 3rd. Finally, KeyCorp increased their target price on Enpro from $220.00 to $240.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $240.00.

Enpro Stock Down 1.5%

Shares of Enpro stock traded down $3.29 on Wednesday, hitting $211.96. 102,616 shares of the company's stock traded hands, compared to its average volume of 123,046. The stock has a market cap of $4.46 billion, a P/E ratio of 52.99, a PEG ratio of 2.19 and a beta of 1.57. 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 firm's 50-day moving average is $212.10 and its 200 day moving average is $186.45. Enpro Inc. has a 52-week low of $133.50 and a 52-week high of $231.94.

Enpro (NYSE:NPO - Get Free Report) last released its 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 business had revenue of $288.10 million for the quarter, compared to analysts' expectations 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 last year, the company posted $2.08 earnings per share. Enpro has set its FY 2025 guidance at 7.600-8.10 EPS. Equities analysts anticipate that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be given a $0.31 dividend. The ex-dividend date is Wednesday, September 3rd. This represents a $1.24 annualized dividend and a dividend yield of 0.6%. Enpro's dividend payout ratio (DPR) is presently 31.00%.

Insider Activity at Enpro

In other news, EVP Robert Savage Mclean sold 2,541 shares of Enpro stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $223.77, for a total value of $568,599.57. Following the completion of the transaction, the executive vice president owned 29,116 shares in the company, valued at approximately $6,515,287.32. This trade represents a 8.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.50% of the company's stock.

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.