Enpro (NYSE:NPO) Coverage Initiated by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. assumed coverage on shares of Enpro (NYSE:NPO) in a research note released on Monday, MarketBeat.com reports. The brokerage issued an overweight rating and a $420.00 price target on the industrial products company’s stock.

A number of other equities research analysts also recently commented on NPO. KeyCorp lifted their price target on shares of Enpro from $345.00 to $370.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Weiss Ratings downgraded shares of Enpro from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 15th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Enpro has an average rating of “Moderate Buy” and a consensus price target of $358.33.

Enpro Stock Up 0.9%

Shares of NYSE:NPO opened at $325.72 on Monday. The company has a quick ratio of 1.40, a current ratio of 2.20 and a debt-to-equity ratio of 0.39. Enpro has a 52-week low of $199.73 and a 52-week high of $390.42. The stock’s fifty day simple moving average is $333.47 and its 200-day simple moving average is $285.08. The company has a market capitalization of $6.88 billion, a P/E ratio of 160.46, a P/E/G ratio of 2.35 and a beta of 1.51.

Enpro (NYSE:NPO) last posted its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.06. Enpro had a return on equity of 11.33% and a net margin of 3.70%.The business had revenue of $303.00 million for the quarter, compared to analyst estimates of $303.90 million. During the same quarter last year, the company earned $1.90 earnings per share. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. Enpro has set its FY 2026 guidance at 8.850-9.500 EPS. As a group, equities research analysts forecast that Enpro will post 9.14 earnings per share for the current fiscal year.

Enpro Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Wednesday, June 3rd. Enpro’s dividend payout ratio is presently 63.05%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. AQR Capital Management LLC grew its position in Enpro by 67.2% during the first quarter. AQR Capital Management LLC now owns 3,287 shares of the industrial products company’s stock valued at $532,000 after acquiring an additional 1,321 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Enpro by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,506 shares of the industrial products company’s stock worth $2,023,000 after purchasing an additional 552 shares during the period. Jones Financial Companies Lllp purchased a new position in shares of Enpro in the 1st quarter worth about $247,000. United Services Automobile Association acquired a new position in shares of Enpro in the 1st quarter valued at about $220,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Enpro by 17.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 68,906 shares of the industrial products company’s stock valued at $11,148,000 after purchasing an additional 10,162 shares in the last quarter. 98.31% of the stock is owned by hedge funds and other institutional investors.

About Enpro

Enpro Group, Inc (NYSE: NPO) is a global industrial technology company specializing in engineered products designed to perform in critical and harsh environments. The company’s product portfolio spans proprietary bearing materials and surface enhancement technologies, high-performance sealing solutions, and fluid handling components. Enpro’s offerings are tailored for markets such as semiconductor manufacturing, aerospace, energy, chemical processing, life sciences and general industrial applications.

Formed in December 2002 as a spin-off from the aerospace and defense supplier Goodrich Corporation, Enpro has grown through a combination of targeted acquisitions and focused organic investment in research and development.