Nuveen LLC Takes Position in Enpro Inc. $NPO

Nuveen LLC purchased a new position in Enpro Inc. (NYSE:NPO - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 177,401 shares of the industrial products company's stock, valued at approximately $28,702,000. Nuveen LLC owned about 0.84% of Enpro at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Xponance Inc. raised its position in Enpro by 5.1% in the first quarter. Xponance Inc. now owns 1,570 shares of the industrial products company's stock worth $254,000 after purchasing an additional 76 shares in the last quarter. Vista Finance LLC raised its position in Enpro by 7.0% in the first quarter. Vista Finance LLC now owns 1,267 shares of the industrial products company's stock worth $205,000 after purchasing an additional 83 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Enpro by 1.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,597 shares of the industrial products company's stock worth $1,310,000 after purchasing an additional 84 shares in the last quarter. Summit Investment Advisors Inc. raised its position in Enpro by 5.1% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,197 shares of the industrial products company's stock worth $379,000 after purchasing an additional 106 shares in the last quarter. Finally, Illinois Municipal Retirement Fund raised its position in Enpro by 1.1% in the first quarter. Illinois Municipal Retirement Fund now owns 11,268 shares of the industrial products company's stock worth $1,823,000 after purchasing an additional 118 shares in the last quarter. Institutional investors own 98.31% of the company's stock.

Insider Buying and Selling at Enpro

In other news, EVP Robert Savage Mclean sold 2,541 shares of the firm's stock in a transaction that occurred on 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.60% of the company's stock.

Enpro Price Performance

Shares of NYSE NPO traded up $9.63 during mid-day trading on Friday, hitting $229.45. 23,813 shares of the stock were exchanged, compared to its average volume of 133,673. The company has a market cap of $4.83 billion, a P/E ratio of 57.62, a PEG ratio of 2.23 and a beta of 1.62. The stock's fifty day simple moving average is $205.87 and its two-hundred day simple moving average is $184.42. 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 twelve month low of $133.50 and a twelve month high of $231.94.

Enpro (NYSE:NPO - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.03 earnings per share 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 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% on a year-over-year basis. 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. As a group, analysts forecast that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on NPO. Oppenheimer increased their price target on shares of Enpro from $215.00 to $240.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. Wall Street Zen raised shares of Enpro from a "hold" rating to a "buy" rating in a research report on Sunday, August 3rd. Finally, KeyCorp increased their price target on shares of Enpro from $220.00 to $240.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $240.00.

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.