Raymond James Financial Inc. Has $8.17 Million Stock Holdings in 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. decreased its holdings in shares of Enpro Inc. (NYSE:NPO - Free Report) by 21.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,513 shares of the industrial products company's stock after selling 13,660 shares during the period. Raymond James Financial Inc. owned approximately 0.24% of Enpro worth $8,172,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. First Trust Advisors LP purchased a new stake in Enpro during the fourth quarter valued at about $757,000. Northern Trust Corp lifted its stake in Enpro by 20.8% during the fourth quarter. Northern Trust Corp now owns 268,542 shares of the industrial products company's stock valued at $46,310,000 after buying an additional 46,191 shares in the last quarter. Bamco Inc. NY purchased a new stake in Enpro during the fourth quarter valued at about $24,208,000. Deutsche Bank AG lifted its stake in Enpro by 45.0% during the fourth quarter. Deutsche Bank AG now owns 19,124 shares of the industrial products company's stock valued at $3,298,000 after buying an additional 5,938 shares in the last quarter. Finally, Ethic Inc. lifted its stake in Enpro by 33.0% during the fourth quarter. Ethic Inc. now owns 1,975 shares of the industrial products company's stock valued at $341,000 after buying an additional 490 shares in the last quarter. Institutional investors own 98.31% of the company's stock.

Insiders Place Their Bets

In related 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 transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.60% of the company's stock.

Enpro Stock Up 1.2%

Shares of NYSE NPO traded up $2.71 during mid-day trading on Friday, reaching $219.56. The company had a trading volume of 76,779 shares, compared to its average volume of 109,421. The stock has a fifty day moving average of $213.17 and a two-hundred day moving average of $186.65. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.65 and a current ratio of 2.49. The company has a market capitalization of $4.62 billion, a price-to-earnings ratio of 54.89, a PEG ratio of 2.19 and a beta of 1.57. Enpro Inc. has a 12-month low of $133.50 and a 12-month high of $231.94.

Enpro (NYSE:NPO - Get Free Report) last issued 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 business had revenue of $288.10 million for the quarter, compared to the consensus estimate of $283.83 million. Enpro had a net margin of 7.83% and a return on equity of 10.49%. Enpro's revenue was up 6.0% compared to the same quarter last year. 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, equities research analysts expect that Enpro Inc. will post 7.38 EPS for the current 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 given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, September 3rd. Enpro's dividend payout ratio (DPR) is presently 31.00%.

Wall Street Analyst Weigh In

NPO has been the subject of a number of analyst reports. Oppenheimer upped 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. KeyCorp upped their price objective on shares of Enpro from $220.00 to $240.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Finally, Wall Street Zen raised shares of Enpro from a "hold" rating to a "buy" rating in a research note on Sunday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to data from MarketBeat.com, Enpro presently has a consensus rating of "Buy" and an average target price of $240.00.

Enpro 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.