Phillips Financial Management LLC Purchases New Position in Enpro Inc. $NPO

Phillips Financial Management LLC purchased a new stake in Enpro Inc. (NYSE:NPO) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 3,287 shares of the industrial products company’s stock, valued at approximately $1,239,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. AQR Capital Management LLC boosted its holdings in shares of Enpro by 67.2% in the 1st quarter. AQR Capital Management LLC now owns 3,287 shares of the industrial products company’s stock valued at $532,000 after buying an additional 1,321 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Enpro by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,506 shares of the industrial products company’s stock valued at $2,023,000 after buying an additional 552 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in Enpro during the 1st quarter worth $247,000. United Services Automobile Association acquired a new stake in Enpro during the 1st quarter worth $220,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Enpro by 17.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 68,906 shares of the industrial products company’s stock valued at $11,148,000 after acquiring an additional 10,162 shares during the last quarter. Institutional investors and hedge funds own 98.31% of the company’s stock.

Enpro Stock Up 2.0%

NPO opened at $342.88 on Friday. Enpro Inc. has a 52 week low of $202.00 and a 52 week high of $390.42. The business has a 50 day moving average price of $340.33 and a two-hundred day moving average price of $297.83. The company has a quick ratio of 1.43, a current ratio of 2.28 and a debt-to-equity ratio of 0.36. The company has a market cap of $7.26 billion, a PE ratio of 167.26, a P/E/G ratio of 2.35 and a beta of 1.54.

Enpro (NYSE:NPO) last announced its earnings results on Tuesday, August 4th. The industrial products company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.18. Enpro had a return on equity of 11.83% and a net margin of 3.60%.The company had revenue of $338.80 million for the quarter, compared to the consensus estimate of $323.68 million. During the same period last year, the business posted $1.25 EPS. The company’s revenue was up 17.6% on a year-over-year basis. Enpro has set its FY 2026 guidance at 9.300-9.800 EPS. As a group, research analysts anticipate that Enpro Inc. will post 9.55 EPS for the current year.

Enpro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $1.28 annualized dividend and a dividend yield of 0.4%. Enpro’s dividend payout ratio (DPR) is currently 62.44%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Wall Street Zen upgraded shares of Enpro from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. JPMorgan Chase & Co. started coverage on Enpro in a research report on Monday, July 20th. They issued an “overweight” rating and a $420.00 target price for the company. Zacks Research upgraded Enpro from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. KeyCorp lifted their price target on Enpro from $345.00 to $370.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Finally, Weiss Ratings cut Enpro from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Enpro currently has a consensus rating of “Buy” and a consensus price target of $358.33.

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.