Raymond James Financial Inc. Sells 13,660 Shares of Enpro Inc. $NPO

Key Points

• Raymond James Financial Inc. reduced its holdings in Enpro Inc. by 21.3% in Q1, selling 13,660 shares and now owning 50,513 shares valued at approximately $8.17 million.
• Enpro reported earnings of $2.03 per share for the last quarter, slightly missing the consensus estimate and achieving a revenue of $288.1 million.
• The firm announced a quarterly dividend of $0.31 per share to be paid on September 17th, with a current dividend yield of 0.6% and a payout ratio of 31%.

Raymond James Financial Inc. cut its holdings in shares of Enpro Inc. (NYSE:NPO - Free Report) by 21.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,513 shares of the industrial products company's stock after selling 13,660 shares during the quarter. Raymond James Financial Inc. owned 0.24% of Enpro worth $8,172,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. increased its holdings 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 purchasing an additional 2,691 shares during the period. GAMMA Investing LLC raised its position in Enpro by 94.5% during 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 in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in Enpro during the first quarter valued at approximately $1,720,000. Teacher Retirement System of Texas acquired a new position in Enpro during the first quarter valued at approximately $495,000. Finally, GSA Capital Partners LLP acquired a new position in Enpro during the first quarter valued at approximately $1,269,000. 98.31% of the stock is owned by institutional investors.

Enpro Stock Performance

NYSE NPO opened at $218.59 on Tuesday. The firm's fifty day moving average price is $211.12 and its two-hundred day moving average price is $186.07. The stock has a market cap of $4.60 billion, a PE ratio of 54.65, a PEG ratio of 2.19 and a beta of 1.57. Enpro Inc. has a fifty-two week low of $133.50 and a fifty-two week high of $231.94. 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 (NYSE:NPO - Get Free Report) last posted its earnings results on Tuesday, August 5th. The industrial products company reported $2.03 earnings per share for the quarter, missing analysts' consensus estimates of $2.08 by ($0.05). The company had revenue of $288.10 million for 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 business's quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.08 EPS. Enpro has set its FY 2025 guidance at 7.600-8.10 EPS. On average, equities analysts expect that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $1.24 annualized dividend and a dividend yield of 0.6%. Enpro's payout ratio is currently 31.00%.

Insider Buying and Selling at Enpro

In related news, EVP Robert Savage Mclean sold 2,541 shares of the business's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $223.77, for a total value of $568,599.57. Following the sale, the executive vice president owned 29,116 shares of the company's stock, valued at $6,515,287.32. The trade was a 8.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

NPO has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Enpro from a "hold" rating to a "buy" rating in a research report on Sunday, August 3rd. Oppenheimer boosted their price objective on shares of Enpro from $215.00 to $240.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. Finally, KeyCorp boosted their target price on shares of Enpro from $220.00 to $240.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $240.00.

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.

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