Argent Capital Management LLC Raises Position in Enpro Inc. $NPO

Argent Capital Management LLC raised its stake in Enpro Inc. (NYSE:NPO) by 5.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 5,607 shares of the industrial products company’s stock after buying an additional 297 shares during the quarter. Argent Capital Management LLC’s holdings in Enpro were worth $1,074,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Farther Finance Advisors LLC increased its position in shares of Enpro by 205.4% during the second quarter. Farther Finance Advisors LLC now owns 910 shares of the industrial products company’s stock valued at $174,000 after acquiring an additional 612 shares during the last quarter. UMB Bank n.a. increased its position in shares of Enpro by 57.7% during the second quarter. UMB Bank n.a. now owns 328 shares of the industrial products company’s stock valued at $63,000 after acquiring an additional 120 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Enpro by 0.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,023 shares of the industrial products company’s stock valued at $1,428,000 after acquiring an additional 64 shares during the last quarter. Voya Investment Management LLC increased its position in shares of Enpro by 21.5% during the first quarter. Voya Investment Management LLC now owns 18,414 shares of the industrial products company’s stock valued at $2,979,000 after acquiring an additional 3,261 shares during the last quarter. Finally, Strs Ohio purchased a new stake in shares of Enpro during the first quarter valued at approximately $210,000. 98.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on NPO shares. Wall Street Zen raised Enpro from a “hold” rating to a “buy” rating in a research report on Sunday, August 3rd. KeyCorp increased their price target on Enpro from $220.00 to $240.00 and gave the company an “overweight” rating in a research report on Wednesday, August 6th. Finally, Oppenheimer increased their price target on Enpro from $215.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $240.00.

Insider Transactions at Enpro

In related news, EVP Robert Savage Mclean sold 2,541 shares of Enpro stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $223.77, for a total transaction of $568,599.57. Following the completion of the sale, the executive vice president owned 29,116 shares of the company’s stock, valued at approximately $6,515,287.32. This trade represents a 8.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Enpro Price Performance

NYSE:NPO opened at $225.20 on Tuesday. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of 56.30, a P/E/G ratio of 2.25 and a beta of 1.57. Enpro Inc. has a 52-week low of $133.50 and a 52-week high of $231.94. The stock has a fifty day moving average of $217.93 and a 200 day moving average of $189.30. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.65 and a current ratio of 2.49.

Enpro (NYSE:NPO) last posted its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.05). The business had revenue of $288.10 million for the quarter, compared to the consensus estimate of $283.83 million. Enpro had a net margin of 7.83% and a return on equity of 10.49%. Enpro’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.08 EPS. Enpro has set its FY 2025 guidance at 7.600-8.10 EPS. On average, research analysts expect that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $1.24 annualized dividend and a yield of 0.6%. Enpro’s dividend payout ratio (DPR) is currently 31.00%.

About Enpro

Enpro Inc design, develops, manufactures, and markets proprietary, value-added products and solutions to safeguard critical environments in the United States, Europe, and internationally. It operates through two segments, Sealing Technologies and Advanced Surface Technologies. The Sealing Technologies segment offers single-use hygienic seals, tubing, components and assemblies; metallic, non-metallic, and composite material gaskets; dynamic seals; compression packing; hydraulic components; expansion joints; and wall penetration products for chemical and petrochemical processing, pulp and paper processing, nuclear energy, hydrogen, natural gas, food and biopharmaceutical processing, primary metal manufacturing, mining, water and waste treatment, commercial vehicle, aerospace, medical, filtration, and semiconductor fabrication industries.