Enpro (NYSE:NPO) Trading Down 5.1% – Here’s What Happened

Enpro Inc. (NYSE:NPO)’s stock price dropped 5.1% during trading on Wednesday . The stock traded as low as $261.40 and last traded at $263.9020. Approximately 188,614 shares were traded during mid-day trading, a decline of 17% from the average daily volume of 226,807 shares. The stock had previously closed at $278.15.

Analysts Set New Price Targets

NPO has been the subject of several analyst reports. Oppenheimer upped their target price on Enpro from $240.00 to $285.00 and gave the stock an “outperform” rating in a research report on Thursday, February 19th. Wall Street Zen lowered Enpro from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. KeyCorp upped their price target on Enpro from $260.00 to $310.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Enpro in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $297.50.

Enpro Price Performance

The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.50 and a current ratio of 2.32. The business’s fifty day simple moving average is $260.73 and its 200 day simple moving average is $237.37. The stock has a market cap of $5.56 billion, a price-to-earnings ratio of 139.27, a price-to-earnings-growth ratio of 2.14 and a beta of 1.54.

Enpro (NYSE:NPO) last announced its earnings results on Wednesday, February 18th. The industrial products company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.08. Enpro had a return on equity of 11.16% and a net margin of 3.54%.The company had revenue of $295.40 million during the quarter, compared to the consensus estimate of $280.50 million. During the same period last year, the firm earned $1.57 earnings per share. The company’s revenue was up 14.3% on a year-over-year basis. Enpro has set its FY 2026 guidance at 8.500-9.200 EPS. Research analysts predict that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th were paid a dividend of $0.32 per share. This is a boost from Enpro’s previous quarterly dividend of $0.31. The ex-dividend date was Wednesday, March 4th. This represents a $1.28 dividend on an annualized basis and a yield of 0.5%. Enpro’s payout ratio is 67.72%.

Insiders Place Their Bets

In other Enpro news, Director John Humphrey sold 1,300 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $268.69, for a total value of $349,297.00. Following the transaction, the director directly owned 3,200 shares of the company’s stock, valued at $859,808. This represents a 28.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Felix M. Brueck sold 5,853 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $275.84, for a total value of $1,614,491.52. Following the transaction, the director owned 1,567 shares of the company’s stock, valued at approximately $432,241.28. This trade represents a 78.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 9,660 shares of company stock valued at $2,653,220. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Westfuller Advisors LLC bought a new stake in shares of Enpro in the 3rd quarter worth about $25,000. Salomon & Ludwin LLC grew its stake in Enpro by 55.4% in the fourth quarter. Salomon & Ludwin LLC now owns 129 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 46 shares in the last quarter. Trust Co. of Vermont acquired a new position in Enpro in the fourth quarter worth about $32,000. Private Trust Co. NA increased its holdings in Enpro by 98.6% in the third quarter. Private Trust Co. NA now owns 147 shares of the industrial products company’s stock valued at $33,000 after buying an additional 73 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its stake in Enpro by 236.4% during the third quarter. Jones Financial Companies Lllp now owns 148 shares of the industrial products company’s stock valued at $33,000 after buying an additional 104 shares in the last quarter. 98.31% of the stock is owned by institutional investors and hedge funds.

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.