Enpro Inc. $NPO Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC cut its stake in shares of Enpro Inc. (NYSE:NPO) by 20.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,400 shares of the industrial products company’s stock after selling 16,300 shares during the period. Gabelli Funds LLC’s holdings in Enpro were worth $10,096,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Synovus Financial Corp boosted its stake in shares of Enpro by 39.1% in the first quarter. Synovus Financial Corp now owns 10,291 shares of the industrial products company’s stock valued at $1,665,000 after purchasing an additional 2,892 shares during the period. Jump Financial LLC purchased a new position in shares of Enpro in the first quarter valued at approximately $227,000. CW Advisors LLC boosted its stake in shares of Enpro by 1.7% in the first quarter. CW Advisors LLC now owns 59,629 shares of the industrial products company’s stock valued at $9,648,000 after purchasing an additional 1,000 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Enpro in the first quarter valued at approximately $115,000. Finally, Aberdeen Group plc boosted its stake in shares of Enpro by 12.1% in the first quarter. Aberdeen Group plc now owns 164,437 shares of the industrial products company’s stock valued at $26,604,000 after purchasing an additional 17,772 shares during the period. 98.31% of the stock is currently owned by institutional investors and hedge funds.

Enpro Stock Down 0.2%

Shares of Enpro stock opened at $226.81 on Thursday. Enpro Inc. has a 52-week low of $133.50 and a 52-week high of $231.94. The company has a 50 day moving average of $208.95 and a 200 day moving average of $185.50. The company has a quick ratio of 1.65, a current ratio of 2.49 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $4.77 billion, a P/E ratio of 56.70, a P/E/G ratio of 2.27 and a beta of 1.62.

Enpro (NYSE:NPO) last issued its earnings results 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). Enpro had a net margin of 7.83% and a return on equity of 10.49%. The company had revenue of $288.10 million during the quarter, compared to analyst estimates of $283.83 million. During the same quarter in the previous year, the company posted $2.08 EPS. The company’s quarterly revenue was up 6.0% on a year-over-year basis. Enpro has set its FY 2025 guidance at 7.600-8.10 EPS. As a group, research analysts forecast that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd will be given a $0.31 dividend. The ex-dividend date is Wednesday, September 3rd. This represents a $1.24 annualized dividend and a yield of 0.5%. Enpro’s dividend payout ratio is 31.00%.

Insider Buying and Selling

In related news, EVP Robert Savage Mclean sold 2,541 shares of the 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 directly owned 29,116 shares of the company’s stock, valued at $6,515,287.32. This trade represents a 8.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NPO. Oppenheimer raised their price objective on shares of Enpro from $215.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday, August 6th. Wall Street Zen raised shares of Enpro from a “hold” rating to a “buy” rating in a research note on Sunday, August 3rd. Finally, KeyCorp lifted their price target on shares of Enpro from $220.00 to $240.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. One equities 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 MarketBeat, the company has a consensus rating of “Buy” and an average target price of $240.00.

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.