Inspire Investing LLC Has $390,000 Position in Enpro Inc. $NPO

Inspire Investing LLC reduced its position in shares of Enpro Inc. (NYSE:NPO) by 4.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,038 shares of the industrial products company’s stock after selling 104 shares during the quarter. Inspire Investing LLC’s holdings in Enpro were worth $390,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. increased its stake in shares of Enpro by 2.6% in the first quarter. Principal Financial Group Inc. now owns 104,564 shares of the industrial products company’s stock worth $16,917,000 after acquiring an additional 2,691 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Enpro by 94.5% in the first quarter. GAMMA Investing LLC now owns 498 shares of the industrial products company’s stock worth $81,000 after acquiring an additional 242 shares during the last quarter. Voya Investment Management LLC increased its stake in shares of Enpro by 21.5% in the first quarter. Voya Investment Management LLC now owns 18,414 shares of the industrial products company’s stock worth $2,979,000 after acquiring an additional 3,261 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of Enpro in the first quarter worth $1,720,000. Finally, Congress Asset Management Co. increased its stake 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 acquiring an additional 2,801 shares during the last quarter. 98.31% of the stock is owned by institutional investors and hedge funds.

Enpro Stock Up 2.6%

NPO stock opened at $226.52 on Wednesday. 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 52-week low of $133.50 and a 52-week high of $234.95. The company has a 50-day moving average of $222.67 and a two-hundred day moving average of $194.81. The stock has a market capitalization of $4.77 billion, a price-to-earnings ratio of 56.63, a price-to-earnings-growth ratio of 2.21 and a beta of 1.57.

Enpro (NYSE:NPO) last released its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $2.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.05). Enpro had a net margin of 7.83% and a return on equity of 10.49%. The firm had revenue of $288.10 million for the quarter, compared to the consensus estimate of $283.83 million. During the same quarter last year, the company earned $2.08 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis. Enpro has set its FY 2025 guidance at 7.600-8.10 EPS. As a group, equities research analysts anticipate that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Wednesday, September 3rd. Enpro’s dividend payout ratio is 31.00%.

Insider Transactions at Enpro

In related news, EVP Robert Savage Mclean sold 2,541 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $223.77, for a total value of $568,599.57. Following the completion of the sale, the executive vice president owned 29,116 shares in the company, valued at approximately $6,515,287.32. This trade represents a 8.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of Enpro from a “hold” rating to a “buy” rating in a research note on Sunday, August 3rd. KeyCorp increased their target price on shares of Enpro from $240.00 to $250.00 and gave the stock an “overweight” rating in a research report on Tuesday. Oppenheimer increased their target price on shares of Enpro from $215.00 to $240.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of Enpro in a research report on Wednesday, October 8th. Finally, Zacks Research downgraded shares of Enpro from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $245.00.

About Enpro

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.