KLP Kapitalforvaltning AS Buys 300 Shares of Enpro Inc. $NPO

KLP Kapitalforvaltning AS increased its holdings in Enpro Inc. (NYSE:NPO) by 7.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,400 shares of the industrial products company’s stock after purchasing an additional 300 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Enpro were worth $843,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Congress Asset Management Co. grew its stake 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 worth $65,427,000 after purchasing an additional 2,801 shares during the last quarter. Nuveen LLC bought a new stake in shares of Enpro in the first quarter worth $28,702,000. Segall Bryant & Hamill LLC grew its stake in shares of Enpro by 15.6% in the first quarter. Segall Bryant & Hamill LLC now owns 170,494 shares of the industrial products company’s stock worth $27,584,000 after purchasing an additional 23,048 shares during the last quarter. Aberdeen Group plc grew its stake in shares of Enpro by 12.1% in the first quarter. Aberdeen Group plc now owns 164,437 shares of the industrial products company’s stock worth $26,604,000 after purchasing an additional 17,772 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake 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 worth $16,917,000 after purchasing an additional 2,691 shares during the last quarter. Institutional investors own 98.31% of the company’s stock.

Enpro Price Performance

NPO stock opened at $228.86 on Thursday. The stock has a market capitalization of $4.82 billion, a PE ratio of 57.22, a price-to-earnings-growth ratio of 2.27 and a beta of 1.57. The company’s 50-day moving average is $222.84 and its 200-day moving average is $195.04. 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 $234.95.

Enpro (NYSE:NPO) last released its quarterly earnings data 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). The company had revenue of $288.10 million for the quarter, compared to the consensus estimate of $283.83 million. Enpro had a return on equity of 10.49% and a net margin of 7.83%.Enpro’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the company earned $2.08 EPS. Enpro has set its FY 2025 guidance at 7.600-8.10 EPS. Equities research analysts expect that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Dividend Announcement

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

Insider Activity

In other news, EVP Robert Savage Mclean sold 2,541 shares of the 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 transaction, the executive vice president owned 29,116 shares of the company’s stock, valued at $6,515,287.32. This represents a 8.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NPO. Zacks Research cut shares of Enpro from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Enpro in a research report on Wednesday, October 8th. Oppenheimer upped their price target 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. KeyCorp upped their price target on shares of Enpro from $240.00 to $250.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Wall Street Zen raised shares of Enpro from a “hold” rating to a “buy” rating in a research report on Sunday, August 3rd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Enpro currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.00.

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.