Enpro Inc. $NPO Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Enpro Inc. (NYSE:NPO) by 0.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,023 shares of the industrial products company’s stock after acquiring an additional 64 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Enpro were worth $1,428,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new stake in shares of Enpro during the 1st quarter worth about $32,000. GAMMA Investing LLC grew 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 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 1st quarter worth approximately $115,000. Vista Finance LLC grew its stake in Enpro by 7.0% during 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 during the last quarter. Finally, Strs Ohio purchased a new position in Enpro during the 1st quarter worth approximately $210,000. Institutional investors and hedge funds own 98.31% of the company’s stock.

Enpro Stock Up 2.6%

Enpro stock opened at $226.09 on Wednesday. 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 1-year low of $133.50 and a 1-year high of $231.94. The company has a market cap of $4.76 billion, a PE ratio of 56.52, a price-to-earnings-growth ratio of 2.20 and a beta of 1.57. The stock’s 50 day moving average price is $220.15 and its 200 day moving average price is $191.29.

Enpro (NYSE:NPO) 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). Enpro had a net margin of 7.83% and a return on equity of 10.49%. The business had revenue of $288.10 million during the quarter, compared to analysts’ expectations of $283.83 million. During the same quarter last year, the firm earned $2.08 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. Enpro has set its FY 2025 guidance at 7.600-8.10 EPS. On average, sell-side analysts predict that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd were paid a $0.31 dividend. The ex-dividend date was Wednesday, September 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.5%. Enpro’s payout ratio is 31.00%.

Insider Buying and Selling at Enpro

In related 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 directly owned 29,116 shares in the company, valued at $6,515,287.32. The trade was a 8.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wall Street Zen upgraded Enpro from a “hold” rating to a “buy” rating in a research note on Sunday, August 3rd. Oppenheimer raised their price target on Enpro from $215.00 to $240.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. Finally, KeyCorp raised their price target on Enpro from $220.00 to $240.00 and gave the stock an “overweight” 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 issued a Buy rating to the stock. According to data from MarketBeat, the company currently has a consensus 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.