Aberdeen Group plc Trims Holdings in Enpro Inc. $NPO

Aberdeen Group plc trimmed its position in Enpro Inc. (NYSE:NPO) by 12.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 144,322 shares of the industrial products company’s stock after selling 20,115 shares during the quarter. Aberdeen Group plc owned about 0.69% of Enpro worth $27,645,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new stake in Enpro in the 1st quarter worth approximately $32,000. Maseco LLP bought a new position in Enpro in the 2nd quarter worth approximately $36,000. UMB Bank n.a. boosted its stake in Enpro by 57.7% in the 2nd quarter. UMB Bank n.a. now owns 328 shares of the industrial products company’s stock worth $63,000 after purchasing an additional 120 shares during the period. GAMMA Investing LLC boosted its stake in Enpro by 94.5% in the 1st quarter. GAMMA Investing LLC now owns 498 shares of the industrial products company’s stock worth $81,000 after purchasing an additional 242 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in Enpro in the 1st quarter worth approximately $115,000. 98.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on NPO. KeyCorp upped their price target on Enpro from $220.00 to $240.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Weiss Ratings restated a “hold (c+)” rating on shares of Enpro in a research note on Wednesday, October 8th. Zacks Research downgraded Enpro from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Oppenheimer upped their price target on Enpro from $215.00 to $240.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. Finally, Wall Street Zen upgraded Enpro from a “hold” rating to a “buy” rating in a research note on Sunday, August 3rd. One investment 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $240.00.

Insider Transactions at Enpro

In related news, EVP Robert Savage Mclean sold 2,541 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president directly owned 29,116 shares in the company, valued at $6,515,287.32. This trade represents a 8.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Enpro Stock Up 2.8%

NYSE NPO opened at $221.09 on Tuesday. The company has a market capitalization of $4.65 billion, a P/E ratio of 55.27, a P/E/G ratio of 2.15 and a beta of 1.57. The stock has a 50 day moving average price of $222.63 and a 200-day moving average price of $194.59. Enpro Inc. has a one year low of $133.50 and a one year high of $234.95. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.65 and a current ratio of 2.49.

Enpro (NYSE:NPO) last issued its quarterly earnings results 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 during 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%.The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.08 earnings per share. Enpro has set its FY 2025 guidance at 7.600-8.10 EPS. As a group, equities analysts predict that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd were given a $0.31 dividend. The ex-dividend date was Wednesday, September 3rd. This represents a $1.24 dividend on an annualized basis and a yield of 0.6%. Enpro’s dividend payout ratio (DPR) is currently 31.00%.

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.