Enpro (NYSE:NPO) EVP Robert Savage Mclean Sells 2,000 Shares

Enpro Inc. (NYSE:NPO) EVP Robert Savage Mclean sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $277.50, for a total transaction of $555,000.00. Following the transaction, the executive vice president directly owned 29,909 shares in the company, valued at $8,299,747.50. The trade was a 6.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Enpro Trading Up 1.0%

Shares of NYSE:NPO opened at $277.99 on Wednesday. The firm has a fifty day moving average of $241.29 and a two-hundred day moving average of $228.98. The firm has a market capitalization of $5.91 billion, a P/E ratio of 147.09, a price-to-earnings-growth ratio of 2.08 and a beta of 1.58. Enpro Inc. has a 12-month low of $133.50 and a 12-month high of $286.35. The company has a quick ratio of 1.50, a current ratio of 2.32 and a debt-to-equity ratio of 0.42.

Enpro (NYSE:NPO) last posted its quarterly earnings results on Wednesday, February 18th. The industrial products company reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.08. The business had revenue of $295.40 million for the quarter, compared to the consensus estimate of $280.50 million. Enpro had a net margin of 3.54% and a return on equity of 11.16%. Enpro’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.57 earnings per share. Enpro has set its FY 2026 guidance at 8.500-9.200 EPS. On average, equities analysts expect that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th will be issued a dividend of $0.32 per share. The ex-dividend date is Wednesday, March 4th. This represents a $1.28 annualized dividend and a dividend yield of 0.5%. This is a positive change from Enpro’s previous quarterly dividend of $0.31. Enpro’s dividend payout ratio is presently 65.61%.

Institutional Trading of Enpro

Large investors have recently modified their holdings of the company. Alliancebernstein L.P. raised its holdings in Enpro by 1,651.9% in 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 grew its position in shares of Enpro by 34.1% in the second quarter. Wasatch Advisors LP now owns 1,065,791 shares of the industrial products company’s stock valued at $204,152,000 after purchasing an additional 270,909 shares during the last quarter. Invesco Ltd. increased its stake in shares of Enpro by 26.5% in the third quarter. Invesco Ltd. now owns 825,339 shares of the industrial products company’s stock worth $186,527,000 after purchasing an additional 172,991 shares during the period. Tributary Capital Management LLC lifted its position in shares of Enpro by 90.2% during the 3rd quarter. Tributary Capital Management LLC now owns 319,740 shares of the industrial products company’s stock worth $72,261,000 after purchasing an additional 151,661 shares during the last quarter. Finally, Bessemer Group Inc. boosted its stake in Enpro by 36,070.1% during the 4th quarter. Bessemer Group Inc. now owns 105,255 shares of the industrial products company’s stock valued at $22,540,000 after purchasing an additional 104,964 shares during the period. 98.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NPO. KeyCorp raised their price objective on shares of Enpro from $260.00 to $310.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Weiss Ratings restated a “hold (c)” rating on shares of Enpro in a research note on Monday, December 29th. Wall Street Zen lowered shares of Enpro from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Oppenheimer upped their price objective on shares of Enpro from $240.00 to $285.00 and gave the stock an “outperform” rating in a report on Thursday, February 19th. One equities 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 company. Based on data from MarketBeat.com, Enpro presently has a consensus rating of “Moderate Buy” and a consensus target price of $297.50.

About Enpro

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.