Swiss National Bank Has $6.59 Million Stake in Enpro Inc. $NPO

Swiss National Bank lifted its stake in Enpro Inc. (NYSE:NPO - Free Report) by 3.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,700 shares of the industrial products company's stock after purchasing an additional 1,500 shares during the period. Swiss National Bank owned 0.19% of Enpro worth $6,585,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Jefferies Financial Group Inc. bought a new position in shares of Enpro in the 1st quarter worth $349,000. Natixis Advisors LLC lifted its holdings in Enpro by 12.0% during the first quarter. Natixis Advisors LLC now owns 16,160 shares of the industrial products company's stock worth $2,615,000 after acquiring an additional 1,732 shares in the last quarter. GSA Capital Partners LLP acquired a new position in Enpro in the first quarter valued at about $1,269,000. First National Advisers LLC bought a new stake in Enpro during the 1st quarter worth approximately $440,000. Finally, LPL Financial LLC raised its holdings in Enpro by 12.2% during the 1st quarter. LPL Financial LLC now owns 21,766 shares of the industrial products company's stock worth $3,240,000 after buying an additional 2,375 shares during the period. 98.31% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Robert Savage Mclean sold 2,541 shares of the firm's stock in a transaction that occurred on 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 of the company's stock, valued at $6,515,287.32. This trade represents a 8.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on NPO shares. KeyCorp raised their price objective on shares of Enpro from $220.00 to $240.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Oppenheimer increased their target price on Enpro from $215.00 to $240.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. Finally, Wall Street Zen upgraded Enpro from a "hold" rating to a "buy" rating in a report on Sunday, August 3rd. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $240.00.

Enpro Stock Up 4.7%

NPO traded up $10.4350 on Friday, hitting $230.2550. 19,348 shares of the company were exchanged, compared to its average volume of 133,640. The stock's fifty day moving average is $205.87 and its 200-day moving average is $184.42. Enpro Inc. has a 12 month low of $133.50 and a 12 month 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 $4.85 billion, a PE ratio of 57.50, a PEG ratio of 2.23 and a beta of 1.62.

Enpro (NYSE:NPO - Get Free Report) last issued its quarterly 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 net margin of 7.83% and a return on equity of 10.49%. The company had revenue of $288.10 million for the quarter, compared to analyst estimates of $283.83 million. During the same period last year, the company posted $2.08 earnings per share. The business'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. Equities research analysts predict that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, September 3rd. Enpro's dividend payout ratio (DPR) is presently 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.