Janney Montgomery Scott LLC Cuts Stock Holdings in Enpro Inc. $NPO

Janney Montgomery Scott LLC lowered its stake in shares of Enpro Inc. (NYSE:NPO) by 7.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,983 shares of the industrial products company’s stock after selling 236 shares during the period. Janney Montgomery Scott LLC’s holdings in Enpro were worth $571,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of NPO. Wealth Enhancement Advisory Services LLC grew its stake in Enpro by 0.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,023 shares of the industrial products company’s stock worth $1,428,000 after buying an additional 64 shares during the period. Xponance Inc. raised its stake in shares of Enpro by 5.1% during the first quarter. Xponance Inc. now owns 1,570 shares of the industrial products company’s stock valued at $254,000 after purchasing an additional 76 shares during the period. Illinois Municipal Retirement Fund raised its stake in shares of Enpro by 1.1% during the first quarter. Illinois Municipal Retirement Fund now owns 11,268 shares of the industrial products company’s stock valued at $1,823,000 after purchasing an additional 118 shares during the period. UMB Bank n.a. raised its stake in shares of Enpro by 57.7% during the second quarter. UMB Bank n.a. now owns 328 shares of the industrial products company’s stock valued at $63,000 after purchasing an additional 120 shares during the period. Finally, Maseco LLP purchased a new stake in shares of Enpro during the second quarter valued at approximately $36,000. Hedge funds and other institutional investors own 98.31% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NPO. KeyCorp lifted their price objective on shares of Enpro from $240.00 to $250.00 and gave the company an “overweight” rating in a research note on Tuesday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Enpro in a research note on Wednesday, October 8th. Wall Street Zen upgraded Enpro from a “hold” rating to a “buy” rating in a research note on Sunday, August 3rd. Zacks Research cut Enpro from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Finally, Oppenheimer increased their target price on Enpro from $215.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Enpro currently has an average rating of “Moderate Buy” and an average target price of $245.00.

Insider Activity

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 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 owned 29,116 shares of the company’s stock, valued at approximately $6,515,287.32. This trade represents a 8.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.60% of the company’s stock.

Enpro Price Performance

Shares of NYSE NPO opened at $229.00 on Friday. Enpro Inc. has a twelve month low of $133.50 and a twelve 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 company has a market capitalization of $4.82 billion, a price-to-earnings ratio of 57.25, a price-to-earnings-growth ratio of 2.29 and a beta of 1.57. The business has a 50 day simple moving average of $223.11 and a 200-day simple moving average of $195.51.

Enpro (NYSE:NPO) last issued 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 firm had revenue of $288.10 million during the quarter, compared to the consensus estimate of $283.83 million. During the same quarter last year, the firm posted $2.08 earnings per share. Enpro’s 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. As a group, equities research analysts expect that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd were issued a $0.31 dividend. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $1.24 annualized dividend and a dividend yield of 0.5%. Enpro’s dividend payout ratio (DPR) 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.