Wellington Management Group LLP Decreases Position in Enpro Inc. $NPO

Key Points

• Wellington Management reduced its Enpro stake by 6.7% in the second quarter, selling 12,389 shares and retaining 173,057 shares valued at approximately $65.2 million. Institutional investors collectively own 98.31% of Enpro.
• Analyst sentiment remains positive, with Enpro carrying a consensus “Buy” rating and an average price target of $358.33. Recent targets include $370 from KeyCorp and $420 from JPMorgan.
• Enpro exceeded quarterly expectations, reporting $2.50 in EPS and $338.8 million in revenue, while revenue grew 17.6% year over year. The company also declared a quarterly dividend of $0.32 per share, representing a 0.4% yield.

Wellington Management Group LLP lessened its position in shares of Enpro Inc. (NYSE:NPO - Free Report) by 6.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 173,057 shares of the industrial products company's stock after selling 12,389 shares during the period. Wellington Management Group LLP owned 0.82% of Enpro worth $65,230,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of NPO. Cedar Mountain Advisors LLC purchased a new stake in shares of Enpro during the first quarter worth $25,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Enpro during the 2nd quarter valued at $27,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Enpro during the 2nd quarter worth about $30,000. Caitong International Asset Management Co. Ltd purchased a new stake in Enpro during the 4th quarter worth about $33,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Enpro by 36.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 192 shares of the industrial products company's stock worth $37,000 after purchasing an additional 51 shares during the period. 98.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Weiss Ratings cut Enpro from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, August 12th. KeyCorp upped their target price on shares of Enpro from $345.00 to $370.00 and gave the stock an "overweight" rating in a report on Monday, July 13th. Wall Street Zen downgraded shares of Enpro from a "buy" rating to a "hold" rating in a report on Saturday, August 29th. JPMorgan Chase & Co. began coverage on shares of Enpro in a research report on Monday, July 20th. They set an "overweight" rating and a $420.00 price target for the company. Finally, Zacks Research upgraded Enpro from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, Enpro has a consensus rating of "Buy" and an average target price of $358.33.

Enpro Price Performance

Shares of NYSE:NPO opened at $290.58 on Thursday. The company's fifty day moving average price is $328.59 and its 200-day moving average price is $303.26. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.28 and a quick ratio of 1.43. The firm has a market capitalization of $6.15 billion, a price-to-earnings ratio of 141.75, a PEG ratio of 2.01 and a beta of 1.55. Enpro Inc. has a one year low of $202.00 and a one year high of $390.42.

Enpro (NYSE:NPO - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $2.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.32 by $0.18. The company had revenue of $338.80 million during the quarter, compared to the consensus estimate of $323.68 million. Enpro had a net margin of 3.60% and a return on equity of 11.83%. The firm's revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.25 EPS. Enpro has set its FY 2026 guidance at 9.300-9.800 EPS. On average, equities research analysts anticipate that Enpro Inc. will post 9.55 earnings per share for the current fiscal year.

Enpro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, September 2nd. Enpro's dividend payout ratio is presently 62.44%.

Enpro Company Profile

Enpro Group, Inc NYSE: NPO is a global industrial technology company specializing in engineered products designed to perform in critical and harsh environments. The company's product portfolio spans proprietary bearing materials and surface enhancement technologies, high-performance sealing solutions, and fluid handling components. Enpro's offerings are tailored for markets such as semiconductor manufacturing, aerospace, energy, chemical processing, life sciences and general industrial applications.

Formed in December 2002 as a spin-off from the aerospace and defense supplier Goodrich Corporation, Enpro has grown through a combination of targeted acquisitions and focused organic investment in research and development.

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