Enpro (NYSE:NPO) Rating Increased to Buy at Wall Street Zen

Enpro (NYSE:NPO) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Several other brokerages have also weighed in on NPO. Oppenheimer increased their price objective on Enpro from $215.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, August 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Enpro in a research note on Wednesday, October 8th. Zacks Research lowered Enpro from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, KeyCorp upped their price objective on shares of Enpro from $240.00 to $250.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Enpro currently has an average rating of “Moderate Buy” and a consensus price target of $245.00.

Enpro Trading Up 0.1%

Shares of Enpro stock opened at $212.98 on Friday. The firm has a market cap of $4.48 billion, a PE ratio of 53.25, a P/E/G ratio of 2.27 and a beta of 1.60. Enpro has a 1 year low of $133.50 and a 1 year high of $248.88. 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 stock has a fifty day moving average price of $224.06 and a 200-day moving average price of $204.75.

Enpro (NYSE:NPO) last posted its quarterly earnings data on Tuesday, November 4th. The industrial products company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.06. The business had revenue of $286.60 million during the quarter, compared to the consensus estimate of $276.57 million. Enpro had a net margin of 7.83% and a return on equity of 10.49%. Enpro has set its FY 2025 guidance at 7.750-8.050 EPS. Equities research analysts anticipate that Enpro will post 7.38 EPS for the current year.

Insider Buying and Selling

In related news, EVP Robert Savage Mclean sold 2,541 shares of the company’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 transaction 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 represents a 8.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Wasatch Advisors LP raised its position in shares of Enpro by 34.1% in the second quarter. Wasatch Advisors LP now owns 1,065,791 shares of the industrial products company’s stock worth $204,152,000 after buying an additional 270,909 shares in the last quarter. Alliancebernstein L.P. increased its stake in Enpro by 1,651.9% in the 2nd quarter. Alliancebernstein L.P. now owns 409,798 shares of the industrial products company’s stock worth $78,497,000 after acquiring an additional 386,406 shares during the last quarter. Congress Asset Management Co. raised its holdings in shares of Enpro by 2.6% in the 3rd quarter. Congress Asset Management Co. now owns 350,557 shares of the industrial products company’s stock valued at $79,226,000 after acquiring an additional 8,992 shares in the last quarter. Tributary Capital Management LLC raised its holdings in shares of Enpro by 90.2% in the 3rd quarter. Tributary Capital Management LLC now owns 319,740 shares of the industrial products company’s stock valued at $72,261,000 after acquiring an additional 151,661 shares in the last quarter. Finally, Bamco Inc. NY boosted its position in shares of Enpro by 23.0% during the 2nd quarter. Bamco Inc. NY now owns 287,128 shares of the industrial products company’s stock valued at $54,999,000 after acquiring an additional 53,713 shares during the last quarter. 98.31% of the stock is currently owned by hedge funds and other institutional investors.

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.