Vident Advisory LLC Acquires New Stake 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 bought a new position in shares of Enpro Inc. (NYSE:NPO - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,869 shares of the industrial products company's stock, valued at approximately $302,000.

Several other institutional investors and hedge funds also recently made changes to their positions in NPO. Opal Wealth Advisors LLC acquired a new position in shares of Enpro in the first quarter valued at $32,000. GAMMA Investing LLC lifted 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 valued at $81,000 after acquiring an additional 242 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Enpro during the 1st quarter worth $115,000. Vista Finance LLC grew its holdings in Enpro by 7.0% during the 1st quarter. Vista Finance LLC now owns 1,267 shares of the industrial products company's stock valued at $205,000 after buying an additional 83 shares in the last quarter. Finally, Jump Financial LLC purchased a new position in shares of Enpro during the first quarter worth about $227,000. Institutional investors own 98.31% of the company's stock.

Insiders Place Their Bets

In other Enpro 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 owned 29,116 shares of the company's stock, valued at approximately $6,515,287.32. The trade was a 8.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NPO. Oppenheimer upped 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. KeyCorp increased their target price 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 raised Enpro from a "hold" rating to a "buy" rating in a research note 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 data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $240.00.

Enpro Trading Down 2.9%

Enpro stock traded down $6.57 during mid-day trading on Friday, hitting $222.00. The company's stock had a trading volume of 105,914 shares, compared to its average volume of 99,478. The firm has a market capitalization of $4.67 billion, a PE ratio of 55.50, a price-to-earnings-growth ratio of 2.29 and a beta of 1.57. Enpro Inc. has a 1 year low of $133.50 and a 1 year high of $231.94. The company has a current ratio of 2.49, a quick ratio of 1.65 and a debt-to-equity ratio of 0.31. The stock's fifty day moving average is $215.47 and its two-hundred day moving average is $187.40.

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). The business had revenue of $288.10 million during the quarter, compared to analyst estimates of $283.83 million. Enpro had a net margin of 7.83% and a return on equity of 10.49%. The firm's quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.08 earnings per share. Enpro has set its FY 2025 guidance at 7.600-8.10 EPS. On average, analysts anticipate that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Announces Dividend

The firm 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 $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, September 3rd. Enpro's payout ratio is currently 31.00%.

Enpro Company 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.