Congress Asset Management Co. Sells 2,128 Shares of Enpro Inc. $NPO

Congress Asset Management Co. trimmed its stake in shares of Enpro Inc. (NYSE:NPO) by 0.5% during the third quarter, HoldingsChannel reports. The fund owned 430,984 shares of the industrial products company’s stock after selling 2,128 shares during the quarter. Enpro comprises approximately 0.8% of Congress Asset Management Co.’s holdings, making the stock its 29th largest position. Congress Asset Management Co.’s holdings in Enpro were worth $131,993,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Quantinno Capital Management LP raised its stake in shares of Enpro by 161.8% in the 1st quarter. Quantinno Capital Management LP now owns 10,935 shares of the industrial products company’s stock valued at $2,741,000 after purchasing an additional 6,758 shares in the last quarter. California State Teachers Retirement System increased its holdings in Enpro by 30.3% in the first quarter. California State Teachers Retirement System now owns 25,701 shares of the industrial products company’s stock valued at $6,442,000 after buying an additional 5,972 shares during the last quarter. Walleye Capital LLC bought a new stake in Enpro in the second quarter valued at about $1,458,000. Empowered Funds LLC acquired a new stake in Enpro during the second quarter valued at approximately $1,613,000. Finally, B. Metzler seel. Sohn & Co. AG acquired a new stake in Enpro during the second quarter valued at approximately $3,808,000. 98.31% of the stock is owned by institutional investors and hedge funds.

Enpro Stock Performance

Shares of NYSE NPO traded down $0.41 during midday trading on Tuesday, reaching $332.45. 176,192 shares of the company traded hands, compared to its average volume of 226,167. The company has a market cap of $7.04 billion, a price-to-earnings ratio of 162.17, a PEG ratio of 2.32 and a beta of 1.58. The stock has a 50-day moving average price of $311.22 and a 200 day moving average price of $309.91. Enpro Inc. has a 52 week low of $202.00 and a 52 week high of $390.42. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.28 and a quick ratio of 1.43.

Enpro (NYSE:NPO) last released its earnings results on Tuesday, August 4th. The industrial products company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.32 by $0.18. Enpro had a net margin of 3.60% and a return on equity of 11.83%. The firm had revenue of $338.80 million for the quarter, compared to analysts’ expectations of $323.68 million. During the same quarter last year, the company earned $1.25 EPS. Enpro’s quarterly revenue was up 17.6% on a year-over-year basis. Enpro has set its FY 2026 guidance at 9.300-9.800 EPS. Sell-side analysts anticipate that Enpro Inc. will post 9.55 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 16th. Investors of record on Wednesday, September 2nd were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Wednesday, September 2nd. Enpro’s dividend payout ratio (DPR) is currently 62.44%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. initiated coverage on Enpro in a report on Monday, July 20th. They issued an “overweight” rating and a $420.00 price target for the company. Zacks Research downgraded shares of Enpro from a “strong-buy” rating to a “hold” rating in a report on Friday, September 18th. Weiss Ratings lowered shares of Enpro from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. KeyCorp increased their target price on shares of Enpro from $345.00 to $370.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Finally, Wall Street Zen lowered shares of Enpro from a “buy” rating to a “hold” rating in a report on Sunday, September 6th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $358.33.

Enpro Company Profile

Enpro Inc is an industrial technology company that develops and manufactures engineered products designed to improve the performance, safety, and reliability of critical equipment and processes. Its offerings serve customers in markets including semiconductor manufacturing, aerospace, power generation, industrial processing, transportation, and life sciences.

The company’s businesses provide sealing technologies, engineered components, and surface-treatment solutions. Its products include industrial gaskets and seals, high-performance sealing systems, precision components, and specialized coatings and surface technologies used in demanding operating environments.