Rhumbline Advisers Trims Holdings in Enpro Inc. $NPO

Key Points

• Rhumbline Advisers reduced its stake in Enpro Inc. by 2.9%, holding approximately 0.29% of the company worth $10,010,000 at the end of the quarter.
• Enpro reported Q2 earnings of $2.03 per share, missing expectations, but achieved revenues of $288.10 million, surpassing analyst forecasts.
• The company declared a quarterly dividend of $0.31 per share, with an annualized dividend yield of 0.6%, set to be paid on September 17th.

Rhumbline Advisers lowered its holdings in Enpro Inc. (NYSE:NPO - Free Report) by 2.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 61,872 shares of the industrial products company's stock after selling 1,859 shares during the quarter. Rhumbline Advisers owned approximately 0.29% of Enpro worth $10,010,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in NPO. Principal Financial Group Inc. boosted its holdings in Enpro by 2.6% in the first quarter. Principal Financial Group Inc. now owns 104,564 shares of the industrial products company's stock valued at $16,917,000 after acquiring an additional 2,691 shares in the last quarter. GAMMA Investing LLC increased its position in shares of 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 buying an additional 242 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in shares of Enpro during the first quarter valued at about $1,720,000. Teacher Retirement System of Texas bought a new position in Enpro in the first quarter worth about $495,000. Finally, GSA Capital Partners LLP purchased a new stake in Enpro in the first quarter worth about $1,269,000. 98.31% of the stock is currently owned by institutional investors.

Enpro Trading Up 2.1%

Shares of NYSE NPO opened at $221.16 on Thursday. The firm's 50 day moving average price is $214.58 and its 200-day moving average price is $187.09. Enpro Inc. has a 52-week low of $133.50 and a 52-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. The company has a market cap of $4.66 billion, a PE ratio of 55.29, a P/E/G ratio of 2.17 and a beta of 1.57.

Enpro (NYSE:NPO - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $288.10 million during the quarter, compared to analysts' expectations of $283.83 million. Enpro had a return on equity of 10.49% and a net margin of 7.83%.Enpro's revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.08 earnings per share. Enpro has set its FY 2025 guidance at 7.600-8.10 EPS. On average, equities research analysts expect that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Announces Dividend

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 issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, September 3rd. Enpro's dividend payout ratio is presently 31.00%.

Analyst Upgrades and Downgrades

NPO has been the topic of several recent research reports. Oppenheimer upped their price target on Enpro from $215.00 to $240.00 and gave the stock an "outperform" rating in a research note 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 lifted their price target on shares of Enpro from $220.00 to $240.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $240.00.

Insider Activity at Enpro

In related news, EVP Robert Savage Mclean sold 2,541 shares of Enpro stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $223.77, for a total value of $568,599.57. Following the completion of the sale, the executive vice president directly owned 29,116 shares in the company, valued at approximately $6,515,287.32. This trade represents a 8.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is owned by company insiders.

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.

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