Royal Bank of Canada Has $24.82 Million Stake in Enpro Inc. $NPO

Royal Bank of Canada lowered its position in Enpro Inc. (NYSE:NPO - Free Report) by 4.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 153,397 shares of the industrial products company's stock after selling 6,845 shares during the quarter. Royal Bank of Canada owned 0.73% of Enpro worth $24,819,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of NPO. Nuveen LLC bought a new stake in shares of Enpro in the 1st quarter worth approximately $28,702,000. GAMMA Investing LLC lifted its position in shares of Enpro by 31,373.0% in the 1st quarter. GAMMA Investing LLC now owns 80,571 shares of the industrial products company's stock worth $13,036,000 after acquiring an additional 80,315 shares during the period. Congress Asset Management Co. lifted its position in shares of Enpro by 8.0% in the 1st quarter. Congress Asset Management Co. now owns 338,764 shares of the industrial products company's stock worth $54,809,000 after acquiring an additional 25,005 shares during the period. Segall Bryant & Hamill LLC lifted its position in shares of Enpro by 15.6% in the 1st quarter. Segall Bryant & Hamill LLC now owns 170,494 shares of the industrial products company's stock worth $27,584,000 after acquiring an additional 23,048 shares during the period. Finally, Toronto Dominion Bank bought a new stake in shares of Enpro in the 4th quarter worth approximately $3,139,000. 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 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 sale, the executive vice president directly owned 29,116 shares of the company's stock, valued at $6,515,287.32. This trade represents a 8.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have commented on NPO. KeyCorp raised their price objective on Enpro from $220.00 to $240.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Wall Street Zen upgraded Enpro from a "hold" rating to a "buy" rating in a research report on Sunday, August 3rd. Finally, Oppenheimer raised their target price on Enpro from $215.00 to $240.00 and gave the stock an "outperform" rating in a research report 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. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $240.00.

Enpro Price Performance

Shares of Enpro stock traded down $6.57 during midday trading on Friday, hitting $222.00. 105,914 shares of the company were exchanged, compared to its average volume of 99,478. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.49 and a quick ratio of 1.65. The firm has a market cap of $4.67 billion, a P/E ratio of 55.50, a PEG ratio of 2.29 and a beta of 1.57. Enpro Inc. has a 52 week low of $133.50 and a 52 week high of $231.94. The firm has a 50 day simple moving average of $215.47 and a 200-day simple moving average of $187.45.

Enpro (NYSE:NPO - Get Free Report) last posted its earnings results 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). Enpro had a return on equity of 10.49% and a net margin of 7.83%.The company had revenue of $288.10 million for the quarter, compared to the consensus estimate of $283.83 million. During the same quarter last year, the business earned $2.08 EPS. Enpro's quarterly revenue was up 6.0% compared to the same quarter last year. Enpro has set its FY 2025 guidance at 7.600-8.10 EPS. Research analysts forecast that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Investors 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 yield of 0.6%. The ex-dividend date of this dividend is Wednesday, September 3rd. Enpro's dividend payout ratio (DPR) is currently 31.00%.

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.