Redwood Investments LLC Has $2.04 Million Stock Position in Enpro Inc. $NPO

Key Points

• Redwood Investments LLC increased its stake in Enpro Inc. by 20.0% in Q1, now owning 12,629 shares valued at approximately $2,043,000.
• Enpro's quarterly earnings report showed an EPS of $2.03, slightly below the consensus estimate, with a revenue of $288.10 million surpassing expectations.
• The company recently declared a quarterly dividend of $0.31 per share, with a payout ratio of 31.00%.

Redwood Investments LLC increased its stake in Enpro Inc. (NYSE:NPO - Free Report) by 20.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,629 shares of the industrial products company's stock after purchasing an additional 2,104 shares during the period. Redwood Investments LLC owned 0.06% of Enpro worth $2,043,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in Enpro by 2.6% during the 1st 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 period. GAMMA Investing LLC grew its holdings in shares of Enpro by 94.5% in the 1st quarter. GAMMA Investing LLC now owns 498 shares of the industrial products company's stock valued at $81,000 after buying an additional 242 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in Enpro in the 1st quarter valued at $1,720,000. Teacher Retirement System of Texas bought a new stake in Enpro in the 1st quarter valued at $495,000. Finally, GSA Capital Partners LLP bought a new stake in Enpro in the 1st quarter valued at $1,269,000. Institutional investors and hedge funds own 98.31% of the company's stock.

Enpro Price Performance

Shares of NYSE NPO traded down $6.57 during trading hours on Friday, hitting $222.00. 105,914 shares of the stock were exchanged, compared to its average volume of 99,478. The company has a market cap of $4.67 billion, a PE ratio of 55.50, a price-to-earnings-growth ratio of 2.29 and a beta of 1.57. 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's fifty day simple moving average is $215.47 and its two-hundred day simple moving average is $187.40. Enpro Inc. has a 1-year low of $133.50 and a 1-year 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 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.05). The company had revenue of $288.10 million during 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 for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.08 EPS. Enpro has set its FY 2025 guidance at 7.600-8.10 EPS. On average, sell-side analysts predict that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be paid 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 0.6%. Enpro's dividend payout ratio (DPR) is presently 31.00%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Wall Street Zen raised shares of Enpro from a "hold" rating to a "buy" rating in a research report on Sunday, August 3rd. Oppenheimer upped their price target 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. Finally, KeyCorp upped their price target 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. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to data from MarketBeat.com, Enpro has a consensus rating of "Buy" and a consensus target price of $240.00.

Insider Activity

In other news, EVP Robert Savage Mclean sold 2,541 shares of the firm's stock in a transaction 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.60% 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.