Empowered Funds LLC Acquires Shares of 4,279 Enpro Inc. $NPO

Empowered Funds LLC bought a new stake in shares of Enpro Inc. (NYSE:NPO) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,279 shares of the industrial products company’s stock, valued at approximately $1,613,000.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. bought a new stake in Enpro during the second quarter worth about $1,268,036,000. Bamco Inc. NY acquired a new position in shares of Enpro in the 2nd quarter valued at approximately $150,577,000. Alliancebernstein L.P. lifted its holdings in shares of Enpro by 1,651.9% during the 2nd quarter. Alliancebernstein L.P. now owns 409,798 shares of the industrial products company’s stock worth $78,497,000 after acquiring an additional 386,406 shares during the period. Wasatch Advisors LP lifted its holdings in shares of Enpro by 34.1% during the 2nd quarter. Wasatch Advisors LP now owns 1,065,791 shares of the industrial products company’s stock worth $204,152,000 after acquiring an additional 270,909 shares during the period. Finally, Jupiter Topco LLC acquired a new stake in shares of Enpro during the 2nd quarter worth approximately $65,672,000. Institutional investors own 98.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on NPO shares. Zacks Research raised shares of Enpro from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. Wall Street Zen cut Enpro from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. Weiss Ratings downgraded Enpro from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. KeyCorp raised their target price on Enpro from $345.00 to $370.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Finally, JPMorgan Chase & Co. started coverage on Enpro in a research note on Monday, July 20th. They issued an “overweight” rating and a $420.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $358.33.

Enpro Stock Up 1.6%

NPO stock opened at $295.34 on Friday. The firm has a 50-day moving average price of $326.91 and a 200-day moving average price of $303.42. Enpro Inc. has a 12 month low of $202.00 and a 12 month high of $390.42. The company has a current ratio of 2.28, a quick ratio of 1.43 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $6.25 billion, a P/E ratio of 144.07, a price-to-earnings-growth ratio of 2.03 and a beta of 1.55.

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

Enpro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd will be given a $0.32 dividend. The ex-dividend date is Wednesday, September 2nd. This represents a $1.28 dividend on an annualized basis and a yield of 0.4%. Enpro’s dividend payout ratio (DPR) is currently 62.44%.

Enpro Profile

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.