Citigroup Inc. Reduces Stake in Enpro Inc. $NPO

Citigroup Inc. lowered its position in Enpro Inc. (NYSE:NPO) by 55.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,975 shares of the industrial products company’s stock after selling 11,369 shares during the period. Citigroup Inc.’s holdings in Enpro were worth $2,028,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Cookson Peirce & Co. Inc. bought a new stake in shares of Enpro during the 3rd quarter valued at about $1,277,000. Hsbc Holdings PLC bought a new position in shares of Enpro in the 2nd quarter worth approximately $2,124,000. Congress Asset Management Co. lifted its stake 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 worth $79,226,000 after purchasing an additional 8,992 shares during the period. Bahl & Gaynor Inc. boosted its holdings in shares of Enpro by 2.9% in the second quarter. Bahl & Gaynor Inc. now owns 35,092 shares of the industrial products company’s stock worth $6,722,000 after buying an additional 999 shares during the last quarter. Finally, Public Sector Pension Investment Board boosted its holdings in shares of Enpro by 14.4% in the third quarter. Public Sector Pension Investment Board now owns 82,081 shares of the industrial products company’s stock worth $18,550,000 after buying an additional 10,327 shares during the last quarter. Hedge funds and other institutional investors own 98.31% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Wall Street Zen cut shares of Enpro from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. KeyCorp lifted their price target on shares of Enpro from $260.00 to $310.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. Oppenheimer boosted their price objective on shares of Enpro from $240.00 to $285.00 and gave the company an “outperform” rating in a research report on Thursday, February 19th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Enpro in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Enpro currently has a consensus rating of “Moderate Buy” and an average target price of $297.50.

Insider Activity

In related news, CAO Steven R. Bower sold 507 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $265.15, for a total value of $134,431.05. Following the completion of the transaction, the chief accounting officer owned 4,695 shares of the company’s stock, valued at approximately $1,244,879.25. This represents a 9.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Robert Savage Mclean sold 2,000 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $277.50, for a total value of $555,000.00. Following the completion of the sale, the executive vice president owned 29,909 shares of the company’s stock, valued at $8,299,747.50. The trade was a 6.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 9,660 shares of company stock valued at $2,653,220 over the last 90 days. Company insiders own 1.50% of the company’s stock.

Enpro Trading Down 4.1%

Shares of NYSE:NPO opened at $246.73 on Monday. The stock has a 50 day moving average of $248.02 and a 200 day moving average of $230.86. The company has a market cap of $5.24 billion, a PE ratio of 130.55, a price-to-earnings-growth ratio of 1.86 and a beta of 1.56. Enpro Inc. has a 12-month low of $133.50 and a 12-month high of $286.35. The company has a current ratio of 2.32, a quick ratio of 1.50 and a debt-to-equity ratio of 0.42.

Enpro (NYSE:NPO) last released its earnings results on Wednesday, February 18th. The industrial products company reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.08. Enpro had a net margin of 3.54% and a return on equity of 11.16%. The company had revenue of $295.40 million for the quarter, compared to analysts’ expectations of $280.50 million. During the same quarter last year, the business earned $1.57 EPS. The firm’s revenue was up 14.3% compared to the same quarter last year. Enpro has set its FY 2026 guidance at 8.500-9.200 EPS. As a group, equities research analysts expect that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Wednesday, March 4th. This is a positive change from Enpro’s previous quarterly dividend of $0.31. Enpro’s payout ratio is 67.72%.

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.