Enpro Inc. $NPO Shares Sold by Amundi

Amundi lessened its stake in shares of Enpro Inc. (NYSE:NPO) by 20.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,634 shares of the industrial products company’s stock after selling 2,193 shares during the quarter. Amundi’s holdings in Enpro were worth $1,286,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new position in Enpro in the first quarter valued at $32,000. GAMMA Investing LLC grew its holdings in shares of Enpro by 94.5% during the first quarter. GAMMA Investing LLC now owns 498 shares of the industrial products company’s stock valued at $81,000 after purchasing an additional 242 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in Enpro in the 1st quarter worth approximately $115,000. Vista Finance LLC grew its holdings in Enpro by 7.0% in the 1st quarter. Vista Finance LLC now owns 1,267 shares of the industrial products company’s stock worth $205,000 after buying an additional 83 shares in the last quarter. Finally, Jump Financial LLC acquired a new stake in Enpro in the first quarter worth approximately $227,000. Hedge funds and other institutional investors own 98.31% of the company’s stock.

Enpro Trading Down 2.9%

Shares of NYSE:NPO opened at $222.00 on Friday. The company’s 50-day moving average price is $215.47 and its two-hundred day moving average price is $187.45. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.49 and a quick ratio of 1.65. Enpro Inc. has a one year low of $133.50 and a one year high of $231.94. The stock 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 (NYSE:NPO) last released its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.03 earnings per share 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 analyst estimates of $283.83 million. Enpro had a return on equity of 10.49% and a net margin of 7.83%.The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.08 earnings per share. Enpro has set its FY 2025 guidance at 7.600-8.10 EPS. On average, equities analysts forecast that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, September 3rd. Enpro’s dividend payout ratio is 31.00%.

Insider Buying and Selling at Enpro

In other news, EVP Robert Savage Mclean sold 2,541 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $223.77, for a total transaction of $568,599.57. Following the completion of the sale, the executive vice president owned 29,116 shares of the company’s stock, valued at approximately $6,515,287.32. This represents a 8.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. KeyCorp boosted their target price on shares of Enpro from $220.00 to $240.00 and gave the company 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 report on Sunday, August 3rd. Finally, Oppenheimer raised their price target 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. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $240.00.

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.