Voya Investment Management LLC Boosts Position in Enpro Inc. $NPO

Key Points

• Voya Investment Management LLC increased its stake in Enpro Inc. by 21.5% during Q1 2023, owning approximately $2.98 million worth of shares.
• Recent analyst upgrades suggest positive growth for Enpro, with Oppenheimer and KeyCorp raising price targets to $240 and classifying the stock as "overweight" and "outperform," respectively.
• Enpro recently reported earnings of $2.03 per share, missing consensus estimates, while its revenue grew by 6.0% year-over-year to $288.1 million.

Voya Investment Management LLC raised its position in shares of Enpro Inc. (NYSE:NPO - Free Report) by 21.5% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,414 shares of the industrial products company's stock after purchasing an additional 3,261 shares during the quarter. Voya Investment Management LLC owned 0.09% of Enpro worth $2,979,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Opal Wealth Advisors LLC bought a new stake in shares of Enpro in the first quarter worth approximately $32,000. GAMMA Investing LLC boosted its holdings in shares of Enpro by 94.5% in the first quarter. GAMMA Investing LLC now owns 498 shares of the industrial products company's stock worth $81,000 after buying an additional 242 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Enpro during the first quarter valued at approximately $115,000. Vista Finance LLC lifted its holdings in Enpro by 7.0% during the first quarter. Vista Finance LLC now owns 1,267 shares of the industrial products company's stock valued at $205,000 after purchasing an additional 83 shares in the last quarter. Finally, Strs Ohio purchased a new position in Enpro during the first quarter valued at approximately $210,000. 98.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NPO has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Enpro from a "hold" rating to a "buy" rating in a research report on Sunday, August 3rd. KeyCorp lifted their price objective on shares of Enpro from $220.00 to $240.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Finally, Oppenheimer lifted their price objective on shares of Enpro from $215.00 to $240.00 and gave the company an "outperform" rating in a research report 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 company. According to data from MarketBeat, Enpro presently has a consensus rating of "Buy" and a consensus target price of $240.00.

Enpro Stock Down 0.9%

NYSE:NPO traded down $1.93 during mid-day trading on Tuesday, reaching $223.17. The company's stock had a trading volume of 19,129 shares, compared to its average volume of 131,056. Enpro Inc. has a 1 year low of $133.50 and a 1 year high of $231.94. The stock has a fifty day moving average of $217.93 and a 200-day moving average of $189.30. The firm has a market capitalization of $4.70 billion, a PE ratio of 55.79, a price-to-earnings-growth ratio of 2.25 and a beta of 1.57. 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 released its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $2.03 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 net margin of 7.83% and a return on equity of 10.49%. The business's quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.08 earnings per share. Enpro has set its FY 2025 guidance at 7.600-8.10 EPS. Equities research analysts forecast that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Wednesday, September 3rd. Enpro's dividend payout ratio is presently 31.00%.

Insider Activity at Enpro

In related news, EVP Robert Savage Mclean sold 2,541 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $223.77, for a total value of $568,599.57. Following the completion of the transaction, the executive vice president directly owned 29,116 shares of the company's stock, valued at $6,515,287.32. This trade represents a 8.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.50% of the stock is owned by insiders.

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.