J. Goldman & Co LP Invests $9.83 Million in Enpro Inc. $NPO

J. Goldman & Co LP acquired a new stake in shares of Enpro Inc. (NYSE:NPO) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 26,084 shares of the industrial products company’s stock, valued at approximately $9,832,000. J. Goldman & Co LP owned approximately 0.12% of Enpro as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Enpro in the 2nd quarter worth $1,268,036,000. Alliancebernstein L.P. lifted its position in shares of Enpro by 1,651.9% in the second quarter. Alliancebernstein L.P. now owns 409,798 shares of the industrial products company’s stock valued at $78,497,000 after acquiring an additional 386,406 shares in the last quarter. Wasatch Advisors LP lifted its position in shares of Enpro by 34.1% in the second quarter. Wasatch Advisors LP now owns 1,065,791 shares of the industrial products company’s stock valued at $204,152,000 after acquiring an additional 270,909 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Enpro by 26.5% in the third quarter. Invesco Ltd. now owns 825,339 shares of the industrial products company’s stock worth $186,527,000 after acquiring an additional 172,991 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Enpro during the second quarter worth about $54,496,000. 98.31% of the stock is owned by hedge funds and other institutional investors.

Enpro Stock Performance

Shares of NYSE:NPO opened at $303.93 on Wednesday. The firm has a fifty day simple moving average of $337.78 and a two-hundred day simple moving average of $302.02. Enpro Inc. has a 52 week low of $202.00 and a 52 week high of $390.42. The company has a quick ratio of 1.43, a current ratio of 2.28 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $6.43 billion, a P/E ratio of 148.26, a PEG ratio of 2.13 and a beta of 1.54.

Enpro (NYSE:NPO) last announced its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.18. The firm had revenue of $338.80 million during the quarter, compared to the consensus estimate of $323.68 million. Enpro had a net margin of 3.60% and a return on equity of 11.83%. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.25 EPS. Enpro has set its FY 2026 guidance at 9.300-9.800 EPS. On average, analysts expect that Enpro Inc. will post 9.55 earnings per share for the current fiscal year.

Enpro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, September 2nd. Enpro’s dividend payout ratio is presently 62.44%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. JPMorgan Chase & Co. began coverage on Enpro in a report on Monday, July 20th. They issued an “overweight” rating and a $420.00 price target on the stock. Zacks Research upgraded shares of Enpro from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. KeyCorp lifted their price objective on shares of Enpro from $345.00 to $370.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Weiss Ratings downgraded shares of Enpro from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Finally, Wall Street Zen raised shares of Enpro from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Enpro presently has a consensus rating of “Buy” and a consensus price target of $358.33.

About Enpro

Enpro Group, Inc (NYSE: NPO) is a global industrial technology company specializing in engineered products designed to perform in critical and harsh environments. The company’s product portfolio spans proprietary bearing materials and surface enhancement technologies, high-performance sealing solutions, and fluid handling components. Enpro’s offerings are tailored for markets such as semiconductor manufacturing, aerospace, energy, chemical processing, life sciences and general industrial applications.

Formed in December 2002 as a spin-off from the aerospace and defense supplier Goodrich Corporation, Enpro has grown through a combination of targeted acquisitions and focused organic investment in research and development.