Enpro (NYSE:NPO) Reaches New 12-Month High – Here’s What Happened

Shares of Enpro Inc. (NYSE:NPO) reached a new 52-week high on Monday . The company traded as high as $314.89 and last traded at $313.4370, with a volume of 31539 shares trading hands. The stock had previously closed at $309.22.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Wall Street Zen lowered Enpro from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. KeyCorp raised their price objective on Enpro from $310.00 to $345.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Oppenheimer raised their price objective on 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 raised Enpro from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $315.00.

Enpro Trading Up 2.3%

The firm has a 50 day simple moving average of $265.82 and a 200 day simple moving average of $243.92. The company has a current ratio of 2.20, a quick ratio of 1.40 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $6.68 billion, a PE ratio of 155.65, a P/E/G ratio of 2.26 and a beta of 1.56.

Enpro (NYSE:NPO) last released its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.08 by $0.06. The firm had revenue of $303.00 million for the quarter, compared to the consensus estimate of $303.90 million. Enpro had a return on equity of 11.33% and a net margin of 3.70%.The company’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period last year, the business posted $1.90 EPS. Enpro has set its FY 2026 guidance at 8.850-9.500 EPS. Equities analysts expect that Enpro Inc. will post 9.14 earnings per share for the current fiscal year.

Enpro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, June 3rd. Enpro’s dividend payout ratio (DPR) is 63.05%.

Insider Transactions at Enpro

In other news, Director Felix M. Brueck sold 5,853 shares of the firm’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $275.84, for a total value of $1,614,491.52. Following the transaction, the director directly owned 1,567 shares in the company, valued at $432,241.28. This trade represents a 78.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Robert Savage Mclean sold 2,000 shares of the firm’s 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 transaction, the executive vice president owned 29,909 shares in the company, valued at approximately $8,299,747.50. This trade 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 quarter, insiders have sold 9,660 shares of company stock valued at $2,653,220. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Enpro

A number of institutional investors and hedge funds have recently modified their holdings of the company. M&T Bank Corp bought a new position in Enpro in the 4th quarter worth $8,935,000. Cookson Peirce & Co. Inc. bought a new position in Enpro in the 3rd quarter worth $1,277,000. JPMorgan Chase & Co. raised its holdings in Enpro by 16.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 90,239 shares of the industrial products company’s stock worth $20,394,000 after purchasing an additional 12,651 shares during the period. Congress Asset Management Co. raised its holdings in Enpro by 7.3% in the 4th quarter. Congress Asset Management Co. now owns 376,272 shares of the industrial products company’s stock worth $80,571,000 after purchasing an additional 25,715 shares during the period. Finally, Public Sector Pension Investment Board raised its holdings in Enpro by 14.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 82,081 shares of the industrial products company’s stock worth $18,550,000 after purchasing an additional 10,327 shares during the period. 98.31% of the stock is currently 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.