Enpro Inc. $NPO Position Increased by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board increased its stake in Enpro Inc. by 27.3%, bringing its total shares to 66,540 valued at approximately $10.8 million.
• Enpro reported a quarterly earnings per share (EPS) of $2.03, which was below analysts' expectations of $2.08, despite revenue surpassing estimates at $288.1 million.
• The company announced a quarterly dividend of $0.31 per share, marking an annualized yield of 0.5%, with a payout ratio of 31%.

Public Sector Pension Investment Board boosted its stake in shares of Enpro Inc. (NYSE:NPO - Free Report) by 27.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,540 shares of the industrial products company's stock after purchasing an additional 14,263 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.32% of Enpro worth $10,766,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its position in shares of Enpro by 2.6% during the first quarter. Principal Financial Group Inc. now owns 104,564 shares of the industrial products company's stock worth $16,917,000 after acquiring an additional 2,691 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Enpro by 94.5% in the first 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 during the period. Oppenheimer Asset Management Inc. bought a new stake in shares of Enpro during the first quarter valued at approximately $1,720,000. Teacher Retirement System of Texas acquired a new position in shares of Enpro during the first quarter worth approximately $495,000. Finally, GSA Capital Partners LLP bought a new stake in Enpro during the 1st quarter valued at $1,269,000. 98.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on NPO shares. Sidoti raised Enpro to a "strong-buy" rating in a research note on Wednesday, April 23rd. KeyCorp boosted 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. Wall Street Zen upgraded shares of Enpro from a "hold" rating to a "buy" rating in a report on Sunday, August 3rd. Finally, Oppenheimer raised their price objective 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 Price Performance

NYSE:NPO traded up $3.29 during mid-day trading on Monday, reaching $226.16. 21,259 shares of the stock were exchanged, compared to its average volume of 133,995. Enpro Inc. has a 1-year low of $133.50 and a 1-year high of $231.94. The company has a current ratio of 2.49, a quick ratio of 1.65 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $4.76 billion, a PE ratio of 56.54, a PEG ratio of 2.23 and a beta of 1.62. The business has a fifty day moving average price of $203.28 and a 200 day moving average price of $183.32.

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 analysts' consensus estimates of $2.08 by ($0.05). The business had revenue of $288.10 million during 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 for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.08 earnings per share. Research analysts expect that Enpro Inc. will post 7.38 earnings per share for the current fiscal year.

Enpro Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Investors 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 dividend yield of 0.5%. The ex-dividend date is Wednesday, September 3rd. Enpro's payout ratio 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.