Royal Bank of Canada Trims Stake in Enpro Inc. $NPO

Royal Bank of Canada lowered its stake in shares of Enpro Inc. (NYSE:NPO - Free Report) by 4.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 153,397 shares of the industrial products company's stock after selling 6,845 shares during the period. Royal Bank of Canada owned 0.73% of Enpro worth $24,819,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Opal Wealth Advisors LLC purchased a new stake in shares of Enpro in the first quarter worth $32,000. 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. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Enpro during the first quarter valued at about $115,000. Vista Finance LLC raised its position in Enpro by 7.0% during the first quarter. Vista Finance LLC now owns 1,267 shares of the industrial products company's stock valued at $205,000 after purchasing an additional 83 shares in the last quarter. Finally, Ellevest Inc. bought a new position in shares of Enpro during the fourth quarter valued at about $238,000. Hedge funds and other institutional investors own 98.31% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Oppenheimer raised 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 raised Enpro from a "hold" rating to a "buy" rating in a research note on Sunday, August 3rd. Finally, KeyCorp raised 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 research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $240.00.

Insider Activity

In other 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 transaction of $568,599.57. Following the completion of 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.50% of the stock is currently owned by insiders.

Enpro Stock Down 2.1%

Shares of NPO stock traded down $4.55 during trading hours on Tuesday, hitting $216.69. 81,865 shares of the company's stock traded hands, compared to its average volume of 105,293. The stock's fifty day simple moving average is $214.19 and its two-hundred day simple moving average is $186.85. Enpro Inc. has a 12-month low of $133.50 and a 12-month high of $231.94. The stock has a market cap of $4.56 billion, a price-to-earnings ratio of 54.17, a PEG ratio of 2.21 and a beta of 1.57. The company has a quick ratio of 1.65, a current ratio of 2.49 and a debt-to-equity ratio of 0.31.

Enpro (NYSE:NPO - Get Free Report) last released its earnings results on Tuesday, August 5th. The industrial products company reported $2.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.05). Enpro had a net margin of 7.83% and a return on equity of 10.49%. The business had revenue of $288.10 million for the quarter, compared to analysts' expectations of $283.83 million. During the same quarter in the previous year, the business posted $2.08 earnings per share. Enpro's revenue for the quarter was up 6.0% on a year-over-year basis. Enpro has set its FY 2025 guidance at 7.600-8.10 EPS. On average, analysts expect that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd will be paid a dividend of $0.31 per share. The ex-dividend date is Wednesday, September 3rd. This represents a $1.24 dividend on an annualized basis and a yield of 0.6%. Enpro's payout ratio is currently 31.00%.

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.