Versor Investments LP Sells 3,500 Shares of Enpro Inc. $NPO

Key Points

• Versor Investments LP reduced its stake in Enpro Inc. by 71.4%, owning only 1,403 shares after selling 3,500 shares, valuing its stake at approximately $227,000.
• Several institutional investors have increased their positions in Enpro, with T. Rowe Price boosting its holdings by 4.0% to nearly 950,690 shares, valued at $163.9 million.
• Enpro Inc. reported earnings of $2.03 per share for the last quarter, missing expectations, and has set its fiscal year 2025 guidance between $7.60 and $8.10 EPS.

Versor Investments LP cut its position in Enpro Inc. (NYSE:NPO - Free Report) by 71.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,403 shares of the industrial products company's stock after selling 3,500 shares during the quarter. Versor Investments LP's holdings in Enpro were worth $227,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Principal Financial Group Inc. raised 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. GAMMA Investing LLC increased its stake in shares of Enpro by 94.5% in the 1st quarter. GAMMA Investing LLC now owns 498 shares of the industrial products company's stock valued at $81,000 after purchasing an additional 242 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of Enpro during the 1st quarter worth $1,720,000. Teacher Retirement System of Texas bought a new stake in shares of Enpro during the 1st quarter worth $495,000. Finally, GSA Capital Partners LLP acquired a new stake in Enpro in the first quarter valued at about $1,269,000. Institutional investors and hedge funds own 98.31% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on NPO. Oppenheimer boosted their target price on Enpro from $215.00 to $240.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. Wall Street Zen raised shares of Enpro from a "hold" rating to a "buy" rating in a report on Sunday, August 3rd. Finally, KeyCorp increased their price objective on shares of Enpro from $220.00 to $240.00 and gave the company 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 given a Buy rating to the stock. Based on data from MarketBeat.com, Enpro has a consensus rating of "Buy" and a consensus price target of $240.00.

Enpro Trading Down 0.2%

NPO traded down $0.35 during midday trading on Thursday, hitting $225.86. 17,663 shares of the company were exchanged, compared to its average volume of 133,077. The firm's 50 day moving average price is $208.95 and its 200-day moving average price is $185.50. Enpro Inc. has a 1-year low of $133.50 and a 1-year high of $231.94. The firm has a market capitalization of $4.75 billion, a P/E ratio of 56.52, a P/E/G ratio of 2.27 and a beta of 1.62. 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 data on Tuesday, August 5th. The industrial products company reported $2.03 EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $283.83 million. During the same period in the prior year, the firm earned $2.08 earnings per share. Enpro's 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 analysts forecast that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is 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%.

Insider Activity at Enpro

In related 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 transaction of $568,599.57. Following the completion of the sale, the executive vice president 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 document filed with the SEC, which is available at the SEC website. 1.60% of the stock is currently owned by insiders.

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.