Enpro (NYSE:NPO) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Enpro (NYSE:NPO) from a buy rating to a hold rating in a research note issued to investors on Sunday,Wall Street Zen reports.

A number of other research firms have also issued reports on NPO. Zacks Research upgraded shares of Enpro from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. began coverage on shares of Enpro in a research note on Monday, July 20th. They issued an “overweight” rating and a $420.00 price target for the company. Weiss Ratings lowered Enpro from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Finally, KeyCorp increased their price objective on Enpro from $345.00 to $370.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $358.33.

Enpro Stock Performance

NYSE NPO opened at $300.18 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.28 and a quick ratio of 1.43. The company has a market cap of $6.35 billion, a P/E ratio of 146.43, a P/E/G ratio of 2.07 and a beta of 1.55. The stock has a 50-day moving average of $322.24 and a two-hundred day moving average of $303.98. Enpro has a 1-year low of $202.00 and a 1-year high of $390.42.

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

Enpro Dividend Announcement

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

Institutional Trading of Enpro

A number of institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System increased its holdings in shares of Enpro by 34,727.3% in the 2nd quarter. California State Teachers Retirement System now owns 8,950,957 shares of the industrial products company’s stock valued at $3,373,884,000 after acquiring an additional 8,925,256 shares during the last quarter. BlackRock Inc. purchased a new stake in Enpro during the second quarter worth approximately $1,268,036,000. Wasatch Advisors LP boosted its holdings in Enpro by 8.2% in the third quarter. Wasatch Advisors LP now owns 1,153,237 shares of the industrial products company’s stock valued at $260,632,000 after purchasing an additional 87,446 shares in the last quarter. Invesco Ltd. boosted its holdings in Enpro by 7.4% in the fourth quarter. Invesco Ltd. now owns 886,043 shares of the industrial products company’s stock valued at $189,728,000 after purchasing an additional 60,704 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Enpro by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 526,889 shares of the industrial products company’s stock valued at $112,840,000 after purchasing an additional 16,772 shares during the last quarter. 98.31% of the stock is owned by hedge funds and other institutional investors.

Enpro Company 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.