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. lessened its stake in shares of Enpro Inc. (NYSE:NPO - Free Report) by 2.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 278,246 shares of the industrial products company's stock after selling 5,660 shares during the quarter. Enpro comprises approximately 6.6% of Trigran Investments Inc.'s portfolio, making the stock its 8th biggest position. Trigran Investments Inc. owned about 1.32% of Enpro worth $45,017,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Aberdeen Group plc raised its stake in shares of Enpro by 12.1% during the first quarter. Aberdeen Group plc now owns 164,437 shares of the industrial products company's stock worth $26,604,000 after purchasing an additional 17,772 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Enpro during the first quarter worth approximately $309,000. Informed Momentum Co LLC purchased a new stake in shares of Enpro during the first quarter worth approximately $1,968,000. HighTower Advisors LLC raised its position in Enpro by 8.5% in the first quarter. HighTower Advisors LLC now owns 3,847 shares of the industrial products company's stock worth $622,000 after acquiring an additional 302 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its position in Enpro by 27.3% in the first quarter. Public Sector Pension Investment Board now owns 66,540 shares of the industrial products company's stock worth $10,766,000 after acquiring an additional 14,263 shares in the last quarter. Hedge funds and other institutional investors own 98.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NPO. Sidoti upgraded Enpro to a "strong-buy" rating in a research report on Wednesday, April 23rd. Oppenheimer increased their price objective on Enpro from $215.00 to $240.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. KeyCorp increased 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. Finally, Wall Street Zen upgraded Enpro from a "hold" rating to a "buy" rating in a research report on Sunday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to data from MarketBeat.com, Enpro currently has a consensus rating of "Buy" and an average price target of $240.00.

Enpro Price Performance

Shares of NPO stock traded down $0.5450 during mid-day trading on Tuesday, reaching $226.3450. The stock had a trading volume of 87,202 shares, compared to its average volume of 133,661. Enpro Inc. has a 12-month low of $133.50 and a 12-month high of $231.94. The company has a market cap of $4.76 billion, a P/E ratio of 56.59, a price-to-earnings-growth ratio of 2.27 and a beta of 1.62. The business has a 50-day simple moving average of $204.72 and a 200 day simple moving average of $183.90. The company has a current ratio of 2.49, a quick ratio of 1.65 and a debt-to-equity ratio of 0.31.

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

Enpro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date 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.