Enpro Inc. $NPO Shares Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd boosted its stake in Enpro Inc. (NYSE:NPO) by 87.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,950 shares of the industrial products company’s stock after buying an additional 3,720 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Enpro were worth $1,523,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Nuveen LLC purchased a new position in shares of Enpro in the first quarter valued at approximately $28,702,000. Aberdeen Group plc increased its position in shares of Enpro by 12.1% during the first quarter. Aberdeen Group plc now owns 164,437 shares of the industrial products company’s stock worth $26,604,000 after purchasing an additional 17,772 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Enpro by 8.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 218,310 shares of the industrial products company’s stock valued at $41,817,000 after purchasing an additional 16,666 shares during the last quarter. Public Sector Pension Investment Board raised its stake in Enpro by 27.3% in the 1st quarter. Public Sector Pension Investment Board now owns 66,540 shares of the industrial products company’s stock valued at $10,766,000 after purchasing an additional 14,263 shares during the last quarter. Finally, Zions Bancorporation National Association UT purchased a new position in Enpro in the 1st quarter valued at $2,302,000. Institutional investors and hedge funds own 98.31% of the company’s stock.

Enpro Price Performance

NYSE:NPO opened at $208.43 on Friday. Enpro Inc. has a 52 week low of $133.50 and a 52 week high of $248.88. The stock’s fifty day moving average is $222.53 and its two-hundred day moving average is $208.53. The company has a market capitalization of $4.39 billion, a P/E ratio of 52.11, a P/E/G ratio of 2.27 and a beta of 1.60. The company has a quick ratio of 1.65, a current ratio of 2.49 and a debt-to-equity ratio of 0.31.

Enpro (NYSE:NPO) last issued its quarterly earnings data on Tuesday, November 4th. The industrial products company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.06. The firm had revenue of $286.60 million during the quarter, compared to the consensus estimate of $276.57 million. Enpro had a return on equity of 10.49% and a net margin of 7.83%. Enpro has set its FY 2025 guidance at 7.750-8.050 EPS. Equities analysts expect that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, December 3rd. Enpro’s payout ratio is 30.47%.

Wall Street Analysts Forecast Growth

NPO has been the subject of a number of research reports. Oppenheimer upped their target price on shares of Enpro from $215.00 to $240.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. KeyCorp increased their price objective on shares of Enpro from $240.00 to $250.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. Zacks Research lowered shares of Enpro from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Wall Street Zen upgraded Enpro from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Enpro in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $245.00.

Enpro Company Profile

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.