Praxis Investment Management Inc. Decreases Position in Enpro Inc. $NPO

Praxis Investment Management Inc. lessened its holdings in shares of Enpro Inc. (NYSE:NPO) by 19.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,030 shares of the industrial products company’s stock after selling 490 shares during the period. Praxis Investment Management Inc.’s holdings in Enpro were worth $389,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Congress Asset Management Co. lifted its holdings in shares of Enpro by 0.8% during the 2nd quarter. Congress Asset Management Co. now owns 341,565 shares of the industrial products company’s stock valued at $65,427,000 after purchasing an additional 2,801 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Enpro during the 1st quarter valued at $28,702,000. Segall Bryant & Hamill LLC raised its stake in Enpro by 15.6% in the 1st quarter. Segall Bryant & Hamill LLC now owns 170,494 shares of the industrial products company’s stock worth $27,584,000 after acquiring an additional 23,048 shares during the last quarter. Aberdeen Group plc lifted its position in Enpro by 12.1% during the 1st quarter. Aberdeen Group plc now owns 164,437 shares of the industrial products company’s stock worth $26,604,000 after acquiring an additional 17,772 shares during the period. Finally, Principal Financial Group Inc. lifted its position in Enpro by 2.6% during the 1st 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 period. Hedge funds and other institutional investors own 98.31% of the company’s stock.

Enpro Stock Performance

Shares of NPO stock opened at $228.80 on Friday. The stock has a market cap of $4.82 billion, a PE ratio of 57.20, a price-to-earnings-growth ratio of 2.29 and a beta of 1.57. The business has a 50-day simple moving average of $223.40 and a 200-day simple moving average of $196.20. The company has a quick ratio of 1.65, a current ratio of 2.49 and a debt-to-equity ratio of 0.31. Enpro Inc. has a 52-week low of $133.50 and a 52-week high of $234.95.

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

Enpro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, September 3rd. Enpro’s payout ratio is 31.00%.

Insider Activity

In related news, EVP Robert Savage Mclean sold 2,541 shares of Enpro stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $223.77, for a total value of $568,599.57. Following the completion of the transaction, the executive vice president owned 29,116 shares in the company, valued at $6,515,287.32. The trade was a 8.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have commented on NPO. Oppenheimer lifted their price target on Enpro from $215.00 to $240.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Enpro in a research report on Wednesday, October 8th. KeyCorp lifted their price target on Enpro from $240.00 to $250.00 and gave the stock an “overweight” rating in a research report on Tuesday. Zacks Research cut Enpro from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Finally, Wall Street Zen raised Enpro from a “hold” rating to a “buy” rating in a research report on Sunday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.