Enpro Inc. $NPO is Trigran Investments Inc.'s 8th Largest Position

Key Points

• Trigran Investments Inc. reduced its stake in Enpro Inc. by 2.0%, selling 5,660 shares, which now constitutes 6.6% of their investment portfolio.
• Recent analyst ratings for Enpro Inc. showed a shift towards positivity, with Oppenheimer and KeyCorp both increasing their target price from $215 and $220 to $240.
• Enpro declared a quarterly dividend of $0.31 per share, with an annualized yield of 0.6%, set to be paid on September 17th.

Trigran Investments Inc. cut its holdings in shares of Enpro Inc. (NYSE:NPO - Free Report) by 2.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 278,246 shares of the industrial products company's stock after selling 5,660 shares during the period. Enpro accounts for about 6.6% of Trigran Investments Inc.'s holdings, making the stock its 8th biggest position. Trigran Investments Inc. owned approximately 1.32% of Enpro worth $45,017,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Capital International Investors grew its position in shares of Enpro by 6.8% during the fourth quarter. Capital International Investors now owns 964,470 shares of the industrial products company's stock worth $166,323,000 after acquiring an additional 60,998 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of Enpro by 4.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 950,690 shares of the industrial products company's stock worth $163,947,000 after acquiring an additional 36,501 shares during the last quarter. Capital World Investors purchased a new position in shares of Enpro during the fourth quarter worth approximately $108,825,000. Congress Asset Management Co. grew its position in shares of Enpro by 8.0% during the first 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 last quarter. Finally, Northern Trust Corp grew its position in shares of Enpro by 20.8% during the fourth quarter. Northern Trust Corp now owns 268,542 shares of the industrial products company's stock worth $46,310,000 after acquiring an additional 46,191 shares during the last quarter. 98.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Enpro

In related news, EVP Robert Savage Mclean sold 2,541 shares of Enpro 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 sale, the executive vice president directly owned 29,116 shares in the company, valued at $6,515,287.32. The trade was a 8.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Oppenheimer raised their target price on shares of Enpro from $215.00 to $240.00 and gave the stock an "outperform" 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 note on Sunday, August 3rd. Finally, KeyCorp upped their price target 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 assigned a Buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $240.00.

Enpro Stock Performance

NYSE NPO traded up $8.90 during trading hours on Friday, hitting $228.72. 48,242 shares of the stock were exchanged, compared to its average volume of 133,831. The company has a market cap of $4.81 billion, a price-to-earnings ratio of 57.18, a price-to-earnings-growth ratio of 2.23 and a beta of 1.62. Enpro Inc. has a 12-month low of $133.50 and a 12-month high of $231.94. The stock has a 50-day moving average of $205.87 and a 200 day moving average of $184.42. 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 posted its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $2.03 earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $283.83 million. During the same quarter last year, the firm earned $2.08 earnings per share. The firm'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. As a group, equities research analysts forecast 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. Investors of record on Wednesday, September 3rd will be paid a $0.31 dividend. The ex-dividend date is Wednesday, September 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.5%. Enpro's payout ratio is 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.