Enpro Inc. $NPO Shares Acquired by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System boosted its position in Enpro Inc. (NYSE:NPO) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,184 shares of the industrial products company’s stock after purchasing an additional 58 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Enpro were worth $1,185,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NPO. Principal Financial Group Inc. raised its position in shares of Enpro by 2.6% in the first quarter. Principal Financial Group Inc. now owns 104,564 shares of the industrial products company’s stock valued at $16,917,000 after buying an additional 2,691 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Enpro by 94.5% in the 1st 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 last quarter. Voya Investment Management LLC raised its holdings in shares of Enpro by 21.5% during the 1st quarter. Voya Investment Management LLC now owns 18,414 shares of the industrial products company’s stock worth $2,979,000 after acquiring an additional 3,261 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in shares of Enpro during the 1st quarter valued at about $1,720,000. Finally, Congress Asset Management Co. grew its holdings in shares of Enpro by 0.8% in the second quarter. Congress Asset Management Co. now owns 341,565 shares of the industrial products company’s stock valued at $65,427,000 after purchasing an additional 2,801 shares during the period. Hedge funds and other institutional investors own 98.31% of the company’s stock.

Insider Buying and Selling at Enpro

In related news, EVP Robert Savage Mclean sold 2,541 shares of the firm’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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.50% of the company’s stock.

Enpro Stock Performance

NYSE NPO opened at $214.51 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.49 and a quick ratio of 1.65. The company has a market cap of $4.52 billion, a P/E ratio of 53.63, a P/E/G ratio of 2.15 and a beta of 1.57. The stock has a 50-day moving average of $222.52 and a two-hundred day moving average of $194.18. Enpro Inc. has a 1-year low of $133.50 and a 1-year high of $234.95.

Enpro (NYSE:NPO) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $283.83 million. During the same period in the previous year, the business posted $2.08 EPS. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. Enpro has set its FY 2025 guidance at 7.600-8.10 EPS. As a group, analysts anticipate that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders 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 annualized dividend and a yield of 0.6%. Enpro’s dividend payout ratio is 31.00%.

Analyst Ratings Changes

A number of brokerages have commented on NPO. Zacks Research downgraded shares of Enpro from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Wall Street Zen upgraded Enpro from a “hold” rating to a “buy” rating in a report on Sunday, August 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Enpro in a research report on Wednesday, October 8th. Oppenheimer upped their target price on shares of Enpro from $215.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Enpro presently has a consensus rating of “Moderate Buy” and a consensus 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.