Wellington Management Group LLP Trims Stake in Enpro Inc. $NPO

Key Points

• Wellington Management Group LLP reduced its stake in Enpro Inc. by 14.7%, selling 46,172 shares and now owns about 1.28% of the company valued at $43.5 million.
• Enpro reported a quarterly earnings miss, with earnings per share of $2.03, falling short of the $2.08 consensus estimate, despite a year-over-year revenue increase of 6.0% to $288.1 million.
• The company announced a quarterly dividend of $0.31 per share, resulting in an annualized dividend yield of approximately 0.5% and a payout ratio of 31.00%.

Wellington Management Group LLP reduced its holdings in shares of Enpro Inc. (NYSE:NPO - Free Report) by 14.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 268,710 shares of the industrial products company's stock after selling 46,172 shares during the quarter. Wellington Management Group LLP owned about 1.28% of Enpro worth $43,475,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Congress Asset Management Co. lifted its stake in shares of Enpro by 8.0% during the 1st quarter. Congress Asset Management Co. now owns 338,764 shares of the industrial products company's stock valued at $54,809,000 after buying an additional 25,005 shares in the last quarter. Northern Trust Corp lifted its stake in Enpro by 20.8% in the 4th quarter. Northern Trust Corp now owns 268,542 shares of the industrial products company's stock worth $46,310,000 after purchasing an additional 46,191 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in Enpro by 8.8% in the 4th quarter. Nuveen Asset Management LLC now owns 193,696 shares of the industrial products company's stock worth $33,403,000 after purchasing an additional 15,612 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Enpro by 10.3% in the 4th quarter. Janus Henderson Group PLC now owns 186,391 shares of the industrial products company's stock worth $32,144,000 after purchasing an additional 17,458 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in Enpro in the 1st quarter worth approximately $28,702,000. 98.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on NPO. KeyCorp increased their target price on shares of Enpro from $220.00 to $240.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Oppenheimer increased their target price on shares of Enpro from $215.00 to $240.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. Finally, Wall Street Zen upgraded shares of Enpro from a "hold" rating to a "buy" rating in a research note on Sunday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $240.00.

Insider Transactions at Enpro

In other Enpro news, EVP Robert Savage Mclean sold 2,541 shares of the firm's stock in a transaction 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is currently owned by company insiders.

Enpro Price Performance

Shares of Enpro stock traded down $4.38 on Friday, hitting $221.96. 13,232 shares of the company traded hands, compared to its average volume of 132,972. The company has a current ratio of 2.49, a quick ratio of 1.65 and a debt-to-equity ratio of 0.31. Enpro Inc. has a 12-month low of $133.50 and a 12-month high of $231.94. The firm's 50-day simple moving average is $209.77 and its 200 day simple moving average is $185.74. The company has a market cap of $4.67 billion, a P/E ratio of 55.49, a P/E/G ratio of 2.26 and a beta of 1.62.

Enpro (NYSE:NPO - Get Free Report) last released its 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). Enpro had a net margin of 7.83% and a return on equity of 10.49%. The business had revenue of $288.10 million for the quarter, compared to the consensus estimate of $283.83 million. During the same period in the prior year, the business posted $2.08 EPS. Enpro's revenue for the quarter was up 6.0% on a year-over-year basis. Enpro has set its FY 2025 guidance at 7.600-8.10 EPS. Analysts expect that Enpro Inc. will post 7.38 earnings per share for the current fiscal year.

Enpro Announces Dividend

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 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 dividend payout ratio (DPR) is 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.