Analysts Set Enpro Inc. (NYSE:NPO) Target Price at $240.00

Shares of Enpro Inc. (NYSE:NPO) have been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $240.00.

A number of brokerages have recently weighed in on NPO. Wall Street Zen upgraded Enpro from a “hold” rating to a “buy” rating in a research report on Sunday, August 3rd. Zacks Research cut Enpro from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings restated a “hold (c+)” rating on shares of Enpro in a report on Wednesday. KeyCorp raised their target price on shares of Enpro from $220.00 to $240.00 and gave the company an “overweight” rating in a report on Wednesday, August 6th. Finally, Oppenheimer raised their price target on Enpro from $215.00 to $240.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th.

Insider Activity at Enpro

In other news, EVP Robert Savage Mclean sold 2,541 shares of Enpro stock in a transaction dated 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 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.60% of the stock is currently owned by company insiders.

Institutional Trading of Enpro

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its holdings in Enpro by 36.2% in the second quarter. EverSource Wealth Advisors LLC now owns 192 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 51 shares during the period. Vista Finance LLC grew its holdings in Enpro by 4.1% in the second quarter. Vista Finance LLC now owns 1,319 shares of the industrial products company’s stock valued at $253,000 after purchasing an additional 52 shares during the period. Maryland State Retirement & Pension System grew its stake in shares of Enpro by 0.9% during the 2nd quarter. Maryland State Retirement & Pension System now owns 6,184 shares of the industrial products company’s stock valued at $1,185,000 after buying an additional 58 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Enpro by 0.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,023 shares of the industrial products company’s stock valued at $1,428,000 after buying an additional 64 shares during the period. Finally, State Board of Administration of Florida Retirement System grew its stake in shares of Enpro by 3.7% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 1,957 shares of the industrial products company’s stock valued at $375,000 after buying an additional 69 shares during the period. Hedge funds and other institutional investors own 98.31% of the company’s stock.

Enpro Trading Down 2.1%

Shares of Enpro stock opened at $214.51 on Wednesday. Enpro has a 12-month low of $133.50 and a 12-month high of $234.95. The company has a current ratio of 2.49, a quick ratio of 1.65 and a debt-to-equity ratio of 0.31. The stock has a market cap of $4.52 billion, a PE ratio of 53.63, a price-to-earnings-growth ratio of 2.19 and a beta of 1.57. The company has a 50-day moving average of $222.52 and a two-hundred day moving average of $193.91.

Enpro (NYSE:NPO) last issued its earnings results on Tuesday, August 5th. The industrial products company reported $2.03 earnings per share (EPS) 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 company had revenue of $288.10 million during the quarter, compared to analysts’ expectations of $283.83 million. During the same period last year, the business posted $2.08 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. Enpro has set its FY 2025 guidance at 7.600-8.10 EPS. On average, research analysts anticipate that Enpro will post 7.38 EPS for the current fiscal year.

Enpro Dividend Announcement

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

About Enpro

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.