Oppenheimer Asset Management Inc. Purchases 4,407 Shares of Enpro Inc. $NPO

Oppenheimer Asset Management Inc. increased its position in shares of Enpro Inc. (NYSE:NPO) by 41.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,036 shares of the industrial products company’s stock after buying an additional 4,407 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Enpro were worth $2,880,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Nuveen LLC bought a new stake in Enpro in the first quarter valued at $28,702,000. Segall Bryant & Hamill LLC increased its stake in Enpro by 15.6% in the first quarter. Segall Bryant & Hamill LLC now owns 170,494 shares of the industrial products company’s stock valued at $27,584,000 after purchasing an additional 23,048 shares in the last quarter. Aberdeen Group plc increased its stake in 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 in the last quarter. Public Sector Pension Investment Board increased its stake in Enpro by 27.3% in the first 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 in the last quarter. Finally, Zions Bancorporation National Association UT bought a new stake in Enpro in the first quarter valued at $2,302,000. Institutional investors own 98.31% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Robert Savage Mclean sold 2,541 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $223.77, for a total transaction of $568,599.57. Following the transaction, the executive vice president directly owned 29,116 shares in the company, valued at approximately $6,515,287.32. The trade was a 8.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on NPO. Zacks Research downgraded shares of Enpro from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Enpro in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Enpro from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Oppenheimer lifted their price target 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. Finally, KeyCorp upped their target price on shares of Enpro from $240.00 to $250.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Enpro has an average rating of “Moderate Buy” and a consensus target price of $245.00.

Enpro Stock Up 0.2%

Shares of NYSE:NPO opened at $226.55 on Thursday. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of 56.64, a PEG ratio of 2.26 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. Enpro Inc. has a 12-month low of $133.50 and a 12-month high of $236.79. The business’s 50 day moving average is $224.21 and its 200 day moving average is $201.28.

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 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 for the quarter, compared to analysts’ expectations of $283.83 million. During the same period in the previous year, the firm earned $2.08 EPS. The firm’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. On average, sell-side analysts forecast that Enpro Inc. will post 7.38 earnings per share for the current fiscal year.

Enpro Announces Dividend

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

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.