Jennison Associates LLC Buys New Shares in Enpro Inc. $NPO

Jennison Associates LLC bought a new stake in shares of Enpro Inc. (NYSE:NPO) during the 4th quarter, HoldingsChannel.com reports. The fund bought 2,664 shares of the industrial products company’s stock, valued at approximately $570,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Salomon & Ludwin LLC grew its holdings in shares of Enpro by 55.4% during the 4th quarter. Salomon & Ludwin LLC now owns 129 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 46 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Enpro by 36.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 192 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 51 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Enpro by 7.3% during the 4th quarter. Farther Finance Advisors LLC now owns 804 shares of the industrial products company’s stock valued at $172,000 after purchasing an additional 55 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Enpro by 25.4% during the 3rd quarter. Bessemer Group Inc. now owns 291 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 59 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Enpro by 2.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,702 shares of the industrial products company’s stock valued at $611,000 after purchasing an additional 61 shares during the last quarter. Institutional investors own 98.31% of the company’s stock.

Insider Activity at Enpro

In other news, Director Felix M. Brueck sold 5,853 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director directly owned 1,567 shares of the company’s stock, valued at approximately $432,241.28. This trade represents a 78.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Robert Savage Mclean sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $277.50, for a total transaction of $555,000.00. Following the completion of the sale, the executive vice president directly owned 29,909 shares of the company’s stock, valued at approximately $8,299,747.50. This represents a 6.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 9,660 shares of company stock valued at $2,653,220. 1.60% of the stock is currently owned by company insiders.

Enpro Trading Up 1.0%

Shares of NPO opened at $288.86 on Tuesday. The stock has a market capitalization of $6.10 billion, a P/E ratio of 152.84, a PEG ratio of 2.15 and a beta of 1.56. The company has a quick ratio of 1.50, a current ratio of 2.32 and a debt-to-equity ratio of 0.42. The firm has a fifty day simple moving average of $264.20 and a two-hundred day simple moving average of $242.36. Enpro Inc. has a twelve month low of $152.95 and a twelve month high of $300.67.

Enpro (NYSE:NPO) last announced its quarterly 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 net margin of 3.54% and a return on equity of 11.16%. The business had revenue of $295.40 million during the quarter, compared to analysts’ expectations of $280.50 million. During the same quarter in the prior year, the company posted $1.57 EPS. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. Enpro has set its FY 2026 guidance at 8.500-9.200 EPS. On average, research analysts anticipate that Enpro Inc. will post 8.88 EPS for the current year.

Enpro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, June 3rd. Enpro’s dividend payout ratio (DPR) is currently 67.72%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Oppenheimer increased their price target 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. Wall Street Zen cut shares of Enpro from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, KeyCorp increased their price target on shares of Enpro from $260.00 to $310.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $297.50.

Enpro Profile

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.