Rhumbline Advisers Sells 1,859 Shares of 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 trimmed its stake in Enpro Inc. (NYSE:NPO - Free Report) by 2.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Opal Wealth Advisors LLC bought a new position in shares of Enpro during the 1st quarter worth approximately $32,000. GAMMA Investing LLC boosted its stake in shares of Enpro by 94.5% during the 1st quarter. GAMMA Investing LLC now owns 498 shares of the industrial products company's stock worth $81,000 after acquiring an additional 242 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Enpro during the 1st quarter worth approximately $115,000. Vista Finance LLC boosted its stake in shares of Enpro by 7.0% during the 1st quarter. Vista Finance LLC now owns 1,267 shares of the industrial products company's stock worth $205,000 after acquiring an additional 83 shares during the period. Finally, Strs Ohio bought a new position in shares of Enpro during the 1st quarter worth approximately $210,000. 98.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on NPO shares. Oppenheimer lifted their target price 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 upgraded Enpro from a "hold" rating to a "buy" rating in a research note on Sunday, August 3rd. Finally, KeyCorp lifted their target price on 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 given a Buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $240.00.

Insider Activity at Enpro

In other news, EVP Robert Savage Mclean sold 2,541 shares of the business's stock in a transaction on Wednesday, August 20th. The stock was 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. The trade was a 8.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.50% of the company's stock.

Enpro Price Performance

Shares of Enpro stock traded down $4.02 during trading on Tuesday, reaching $219.39. 30,369 shares of the company's stock were exchanged, compared to its average volume of 130,624. 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 Inc. has a 1-year low of $133.50 and a 1-year high of $231.94. The company has a market cap of $4.62 billion, a P/E ratio of 54.85, a PEG ratio of 2.22 and a beta of 1.57. The firm's 50-day moving average price is $215.96 and its 200 day moving average price is $187.70.

Enpro (NYSE:NPO - Get Free Report) last posted its quarterly 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). Enpro had a return on equity of 10.49% and a net margin of 7.83%.The business had revenue of $288.10 million for the quarter, compared to analyst estimates of $283.83 million. During the same period last year, the firm posted $2.08 EPS. Enpro's quarterly revenue was up 6.0% on a year-over-year basis. Enpro has set its FY 2025 guidance at 7.600-8.10 EPS. As a group, research analysts anticipate that Enpro Inc. will post 7.38 earnings per share for the current 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. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.6%. Enpro's payout ratio is 31.00%.

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.