Enpro (NYSE:NPO) Reaches New 52-Week High Following Better-Than-Expected Earnings

Enpro Inc. (NYSE:NPO)’s stock price reached a new 52-week high during trading on Tuesday following a better than expected earnings announcement. The stock traded as high as $248.88 and last traded at $237.6260, with a volume of 6478 shares traded. The stock had previously closed at $233.87.

The industrial products company reported $1.99 EPS for the quarter, beating the consensus estimate of $1.93 by $0.06. Enpro had a return on equity of 10.49% and a net margin of 7.83%.The firm had revenue of $286.60 million for the quarter, compared to analysts’ expectations of $276.57 million. Enpro has set its FY 2025 guidance at 7.750-8.050 EPS.

Enpro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 0.5%. The ex-dividend date is Wednesday, December 3rd. Enpro’s dividend payout ratio (DPR) is currently 31.00%.

Analyst Upgrades and Downgrades

NPO has been the topic of several analyst reports. Wall Street Zen cut Enpro from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Zacks Research cut Enpro from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings restated a “hold (c+)” rating on shares of Enpro in a research report on Wednesday, October 8th. KeyCorp raised their target price on Enpro from $240.00 to $250.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Finally, Oppenheimer raised their target price on Enpro from $215.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Enpro has an average rating of “Moderate Buy” and a consensus price target of $245.00.

Insider Transactions at Enpro

In other Enpro news, EVP Robert Savage Mclean sold 2,541 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $223.77, for a total transaction of $568,599.57. Following the completion of the transaction, the executive vice president directly owned 29,116 shares of the company’s stock, valued at approximately $6,515,287.32. This trade represents a 8.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Enpro

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Westfuller Advisors LLC bought a new stake in shares of Enpro during the 3rd quarter worth $25,000. Huntington National Bank boosted its stake in shares of Enpro by 106.3% during the 2nd quarter. Huntington National Bank now owns 165 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 85 shares in the last quarter. Private Trust Co. NA boosted its stake in shares of Enpro by 98.6% during the 3rd quarter. Private Trust Co. NA now owns 147 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 73 shares in the last quarter. Maseco LLP bought a new stake in shares of Enpro during the 2nd quarter worth $36,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Enpro by 36.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 192 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 51 shares in the last quarter. 98.31% of the stock is owned by institutional investors.

Enpro Trading Up 0.9%

The firm has a market capitalization of $4.97 billion, a P/E ratio of 59.08, a price-to-earnings-growth ratio of 2.27 and a beta of 1.57. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.65 and a current ratio of 2.49. The firm has a 50 day moving average price of $224.60 and a two-hundred day moving average price of $203.48.

Enpro Company Profile

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.