Sequoia Financial Advisors LLC Purchases Shares of 1,128 Enpro Inc. $NPO

Sequoia Financial Advisors LLC purchased a new stake in Enpro Inc. (NYSE:NPO) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,128 shares of the industrial products company’s stock, valued at approximately $216,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Congress Asset Management Co. boosted its holdings in Enpro by 0.8% in the 2nd quarter. Congress Asset Management Co. now owns 341,565 shares of the industrial products company’s stock valued at $65,427,000 after purchasing an additional 2,801 shares during the period. Nuveen LLC bought a new position in shares of Enpro during the 1st quarter worth about $28,702,000. Segall Bryant & Hamill LLC lifted its holdings in shares of Enpro by 15.6% during the 1st quarter. Segall Bryant & Hamill LLC now owns 170,494 shares of the industrial products company’s stock worth $27,584,000 after acquiring an additional 23,048 shares during the period. Aberdeen Group plc lifted its holdings in shares of Enpro by 12.1% during the 1st quarter. Aberdeen Group plc now owns 164,437 shares of the industrial products company’s stock worth $26,604,000 after acquiring an additional 17,772 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Enpro by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 104,564 shares of the industrial products company’s stock worth $16,917,000 after acquiring an additional 2,691 shares during the period. 98.31% of the stock is owned by institutional investors.

Enpro Trading Up 1.0%

Shares of Enpro stock opened at $231.45 on Friday. The stock has a market capitalization of $4.87 billion, a P/E ratio of 57.86, a price-to-earnings-growth ratio of 2.29 and a beta of 1.57. 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 50-day simple moving average of $223.88 and a 200 day simple moving average of $198.24. Enpro Inc. has a 12-month low of $133.50 and a 12-month high of $236.07.

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

Enpro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 0.5%. The ex-dividend date was Wednesday, September 3rd. Enpro’s dividend payout ratio (DPR) is presently 31.00%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NPO. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Enpro in a report on Wednesday, October 8th. Wall Street Zen raised shares of Enpro from a “hold” rating to a “buy” rating in a report on Sunday, August 3rd. Oppenheimer raised their price objective 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 raised their price objective on shares of Enpro from $240.00 to $250.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Finally, Zacks Research downgraded shares of Enpro from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Enpro currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.00.

Insiders Place Their Bets

In other Enpro news, EVP Robert Savage Mclean sold 2,541 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $223.77, for a total value of $568,599.57. Following the completion of the sale, the executive vice president owned 29,116 shares in the company, valued at approximately $6,515,287.32. This trade represents a 8.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.60% of the company’s stock.

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.