Farther Finance Advisors LLC Purchases 612 Shares of Enpro Inc. $NPO

Farther Finance Advisors LLC raised its position in shares of Enpro Inc. (NYSE:NPO) by 205.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 910 shares of the industrial products company’s stock after purchasing an additional 612 shares during the period. Farther Finance Advisors LLC’s holdings in Enpro were worth $174,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of NPO. Opal Wealth Advisors LLC bought a new position in shares of Enpro in the first quarter worth $32,000. UMB Bank n.a. boosted its holdings in shares of Enpro by 57.7% in the second quarter. UMB Bank n.a. now owns 328 shares of the industrial products company’s stock worth $63,000 after acquiring an additional 120 shares during the period. 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 acquiring an additional 242 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Enpro in the first quarter worth $115,000. Finally, Vista Finance LLC boosted its holdings in shares of Enpro by 7.0% in the first quarter. Vista Finance LLC now owns 1,267 shares of the industrial products company’s stock worth $205,000 after acquiring an additional 83 shares during the period. 98.31% of the stock is owned by institutional investors.

Insider Transactions at Enpro

In related news, EVP Robert Savage Mclean sold 2,541 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $223.77, for a total transaction of $568,599.57. Following the transaction, the executive vice president owned 29,116 shares in the company, valued at $6,515,287.32. The trade was a 8.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on NPO shares. Oppenheimer raised their price target on Enpro from $215.00 to $240.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. KeyCorp raised their price target on Enpro from $220.00 to $240.00 and gave the stock an “overweight” rating in a report on Wednesday, August 6th. Finally, Wall Street Zen raised 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 issued a Buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $240.00.

Enpro Trading Up 1.6%

NYSE NPO opened at $229.64 on Thursday. The stock’s 50-day simple moving average is $220.60 and its two-hundred day simple moving average is $191.55. Enpro Inc. has a twelve month low of $133.50 and a twelve month high of $231.94. The company has a quick ratio of 1.65, a current ratio of 2.49 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $4.83 billion, a price-to-earnings ratio of 57.41, a PEG ratio of 2.26 and a beta of 1.57.

Enpro (NYSE:NPO) last released 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). 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 company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.08 EPS. Enpro has set its FY 2025 guidance at 7.600-8.10 EPS. Research analysts forecast 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 issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Wednesday, September 3rd. Enpro’s payout ratio is currently 31.00%.

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.