Vident Advisory LLC Takes Position in Enpro Inc. $NPO

Key Points

• Vident Advisory LLC acquired 1,869 shares of Enpro Inc. valued at approximately $302,000 during the first quarter, adding to a growing trend of institutional investments in the company.
• KeyCorp and Oppenheimer recently upgraded their ratings and target prices for Enpro, with a consensus price target now set at $240.00.
• Enpro reported earnings of $2.03 per share in the latest quarter, slightly below analysts' estimates, and announced a quarterly dividend of $0.31 per share to be paid on September 17th.

Vident Advisory LLC acquired a new stake in Enpro Inc. (NYSE:NPO - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,869 shares of the industrial products company's stock, valued at approximately $302,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NPO. Opal Wealth Advisors LLC acquired a new position in Enpro during the 1st quarter worth $32,000. GAMMA Investing LLC grew its stake in Enpro by 94.5% during the 1st quarter. GAMMA Investing LLC now owns 498 shares of the industrial products company's stock worth $81,000 after purchasing an additional 242 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Enpro during the 1st quarter worth $115,000. Vista Finance LLC grew its stake in Enpro by 7.0% during the 1st quarter. Vista Finance LLC now owns 1,267 shares of the industrial products company's stock worth $205,000 after purchasing an additional 83 shares in the last quarter. Finally, Jump Financial LLC acquired a new position in Enpro during the 1st quarter worth $227,000. 98.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. KeyCorp boosted their target price on Enpro from $220.00 to $240.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Wall Street Zen raised Enpro from a "hold" rating to a "buy" rating in a research note on Sunday, August 3rd. Finally, Oppenheimer increased their target price on Enpro from $215.00 to $240.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. 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 currently has an average rating of "Buy" and a consensus price target of $240.00.

Insider Activity

In other Enpro news, EVP Robert Savage Mclean sold 2,541 shares of the firm's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $223.77, for a total transaction of $568,599.57. Following the transaction, the executive vice president owned 29,116 shares of the company's stock, valued at approximately $6,515,287.32. This trade represents a 8.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.60% of the company's stock.

Enpro Stock Performance

Shares of NPO opened at $220.94 on Tuesday. The stock has a 50 day moving average price of $213.76 and a 200 day moving average price of $186.64. The company has a market capitalization of $4.65 billion, a price-to-earnings ratio of 55.24, a price-to-earnings-growth ratio of 2.19 and a beta of 1.57. Enpro Inc. has a 52-week low of $133.50 and a 52-week high of $231.94. 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 issued 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 analysts' expectations of $283.83 million. Enpro had a return on equity of 10.49% and a net margin of 7.83%.The business's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.08 EPS. Enpro has set its FY 2025 guidance at 7.600-8.10 EPS. Research analysts predict that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $1.24 annualized dividend and a dividend yield of 0.6%. Enpro's dividend payout ratio (DPR) is presently 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.

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