Wellington Management Group LLP Sells 12,389 Shares of Enpro Inc. $NPO

Wellington Management Group LLP lessened its holdings in Enpro Inc. (NYSE:NPO) by 6.7% during the second quarter, Holdings Channel.com reports. The firm owned 173,057 shares of the industrial products company’s stock after selling 12,389 shares during the quarter. Wellington Management Group LLP’s holdings in Enpro were worth $65,230,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of Enpro in the second quarter worth about $1,268,036,000. Wasatch Advisors LP increased its stake in Enpro by 8.2% in the 3rd quarter. Wasatch Advisors LP now owns 1,153,237 shares of the industrial products company’s stock worth $260,632,000 after purchasing an additional 87,446 shares during the period. Invesco Ltd. increased its stake in Enpro by 7.4% in the 4th quarter. Invesco Ltd. now owns 886,043 shares of the industrial products company’s stock worth $189,728,000 after purchasing an additional 60,704 shares during the period. Geode Capital Management LLC lifted its position in Enpro by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 526,889 shares of the industrial products company’s stock valued at $112,840,000 after purchasing an additional 16,772 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of Enpro by 1,651.9% during the second quarter. Alliancebernstein L.P. now owns 409,798 shares of the industrial products company’s stock valued at $78,497,000 after purchasing an additional 386,406 shares during the period. 98.31% of the stock is currently owned by hedge funds and other institutional investors.

Enpro Trading Up 0.9%

NYSE:NPO opened at $290.58 on Thursday. Enpro Inc. has a 12 month low of $202.00 and a 12 month high of $390.42. The company has a current ratio of 2.28, a quick ratio of 1.43 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average price of $328.59 and a 200-day moving average price of $303.26. The stock has a market cap of $6.15 billion, a price-to-earnings ratio of 141.75, a P/E/G ratio of 2.01 and a beta of 1.55.

Enpro (NYSE:NPO) last released its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.18. Enpro had a net margin of 3.60% and a return on equity of 11.83%. The company had revenue of $338.80 million during the quarter, compared to the consensus estimate of $323.68 million. During the same period in the prior year, the firm earned $1.25 earnings per share. Enpro’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. Equities analysts predict that Enpro Inc. will post 9.55 EPS for the current year.

Enpro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd will be given a $0.32 dividend. 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 is currently 62.44%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NPO. Weiss Ratings cut shares of Enpro from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. KeyCorp increased their price target on shares of Enpro from $345.00 to $370.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. JPMorgan Chase & Co. initiated coverage on shares of Enpro in a research report on Monday, July 20th. They issued an “overweight” rating and a $420.00 price objective on the stock. Wall Street Zen downgraded shares of Enpro from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. Finally, Zacks Research upgraded shares of Enpro from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price 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.