Sequoia Financial Advisors LLC Takes Position in Enpro Inc. $NPO

Key Points

• Sequoia Financial Advisors LLC acquired a new stake in Enpro Inc. during the second quarter, purchasing 1,128 shares valued at approximately $216,000.
• Enpro recently reported earnings per share (EPS) of $2.03, which missed the consensus estimate by $0.05, although revenue increased by 6.0% year-over-year to $288.10 million.
• The company declared a quarterly dividend of $0.31 per share, resulting in an annualized yield of 0.5% with a payout ratio of 31.00%.

Sequoia Financial Advisors LLC purchased a new stake in shares of Enpro Inc. (NYSE:NPO - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,128 shares of the industrial products company's stock, valued at approximately $216,000.

A number of other large investors have also made changes to their positions in the company. Congress Asset Management Co. raised its holdings in shares of Enpro by 0.8% during the second quarter. Congress Asset Management Co. now owns 341,565 shares of the industrial products company's stock valued at $65,427,000 after acquiring an additional 2,801 shares during the period. Nuveen LLC purchased a new position in Enpro during the first quarter valued at approximately $28,702,000. Segall Bryant & Hamill LLC grew its position in Enpro by 15.6% during the first quarter. Segall Bryant & Hamill LLC now owns 170,494 shares of the industrial products company's stock valued at $27,584,000 after purchasing an additional 23,048 shares in the last quarter. Aberdeen Group plc grew its position in Enpro by 12.1% during the first quarter. Aberdeen Group plc now owns 164,437 shares of the industrial products company's stock valued at $26,604,000 after purchasing an additional 17,772 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in Enpro by 2.6% during 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 purchasing an additional 2,691 shares in the last quarter. Institutional investors and hedge funds own 98.31% of the company's stock.

Enpro Price Performance

NYSE NPO opened at $231.45 on Friday. The company has a current ratio of 2.49, a quick ratio of 1.65 and a debt-to-equity ratio of 0.31. The company has a fifty day simple moving average of $223.88 and a 200 day simple moving average of $198.24. The company has a market cap of $4.87 billion, a P/E ratio of 57.86, a P/E/G ratio of 2.29 and a beta of 1.57. Enpro Inc. has a 1 year low of $133.50 and a 1 year high of $236.07.

Enpro (NYSE:NPO - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $288.10 million for the quarter, compared to the consensus estimate of $283.83 million. Enpro had a return on equity of 10.49% and a net margin of 7.83%.Enpro's quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.08 earnings per share. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd were issued a $0.31 dividend. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. Enpro's dividend payout ratio is 31.00%.

Insiders Place Their Bets

In other Enpro news, EVP Robert Savage Mclean sold 2,541 shares of the stock in a transaction on Wednesday, August 20th. The shares were 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 of the company's stock, valued at $6,515,287.32. This represents a 8.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on NPO. Oppenheimer boosted their price objective on shares of Enpro from $215.00 to $240.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. Zacks Research downgraded shares of Enpro from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 6th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Enpro in a research report on Wednesday, October 8th. 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 boosted their target price on shares of Enpro from $240.00 to $250.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $245.00.

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.

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