Envestnet Asset Management Inc. Purchases 13,085 Shares of Enpro Inc. $NPO

Envestnet Asset Management Inc. raised its position in shares of Enpro Inc. (NYSE:NPO) by 21.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 75,093 shares of the industrial products company’s stock after purchasing an additional 13,085 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Enpro were worth $14,384,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NPO. Congress Asset Management Co. boosted its holdings in shares of Enpro by 0.8% in the second quarter. Congress Asset Management Co. now owns 341,565 shares of the industrial products company’s stock worth $65,427,000 after buying an additional 2,801 shares during the last quarter. Nuveen LLC bought a new position in Enpro in the first quarter worth approximately $28,702,000. Segall Bryant & Hamill LLC boosted its stake 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 last quarter. Aberdeen Group plc grew its position 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 valued at $26,604,000 after acquiring an additional 17,772 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of Enpro by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 104,564 shares of the industrial products company’s stock worth $16,917,000 after purchasing an additional 2,691 shares in the last quarter. Hedge funds and other institutional investors own 98.31% of the company’s stock.

Insider Activity at Enpro

In related news, EVP Robert Savage Mclean sold 2,541 shares of the stock in a transaction that occurred 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 transaction, the executive vice president directly owned 29,116 shares of the company’s stock, valued at approximately $6,515,287.32. This represents a 8.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.50% of the company’s stock.

Enpro Trading Down 6.4%

NPO stock opened at $212.85 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.49 and a quick ratio of 1.65. Enpro Inc. has a 1-year low of $133.50 and a 1-year high of $248.88. The business has a 50 day simple moving average of $224.17 and a two-hundred day simple moving average of $204.23. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of 53.21, a PEG ratio of 2.27 and a beta of 1.60.

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

Enpro Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, December 3rd. Enpro’s payout ratio is 31.00%.

Wall Street Analysts Forecast Growth

NPO has been the topic of several analyst reports. Zacks Research downgraded Enpro from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Wall Street Zen downgraded Enpro from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Enpro in a research note on Wednesday, October 8th. KeyCorp raised their target price on shares of Enpro from $240.00 to $250.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Finally, Oppenheimer lifted their price target on shares of Enpro from $215.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.