Neuberger Berman Group LLC Reduces Position in Enpro Inc. $NPO

Neuberger Berman Group LLC trimmed its holdings in Enpro Inc. (NYSE:NPO) by 32.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 352,775 shares of the industrial products company’s stock after selling 167,525 shares during the period. Neuberger Berman Group LLC owned 1.67% of Enpro worth $79,727,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Westfuller Advisors LLC purchased a new stake in Enpro during the 3rd quarter valued at about $25,000. Huntington National Bank raised its holdings in Enpro by 106.3% in the 2nd quarter. Huntington National Bank now owns 165 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 85 shares during the last quarter. Private Trust Co. NA lifted its stake in Enpro by 98.6% in the 3rd quarter. Private Trust Co. NA now owns 147 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 73 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Enpro by 236.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 148 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 104 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings 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 purchasing an additional 51 shares during the last quarter. 98.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Oppenheimer upped their price target on Enpro from $240.00 to $285.00 and gave the company an “outperform” rating in a research report on Thursday, February 19th. KeyCorp boosted their price objective on Enpro from $260.00 to $310.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. Wall Street Zen lowered Enpro from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Enpro in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Enpro presently has a consensus rating of “Moderate Buy” and a consensus price target of $297.50.

Insider Transactions at Enpro

In related news, Director John Humphrey sold 1,300 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $268.69, for a total transaction of $349,297.00. Following the completion of the transaction, the director directly owned 3,200 shares in the company, valued at $859,808. This trade represents a 28.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Felix M. Brueck sold 5,853 shares of Enpro stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $275.84, for a total value of $1,614,491.52. Following the completion of the transaction, the director directly owned 1,567 shares of the company’s stock, valued at approximately $432,241.28. This represents a 78.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 9,660 shares of company stock worth $2,653,220 over the last quarter. 1.60% of the stock is owned by corporate insiders.

Enpro Stock Performance

NYSE:NPO opened at $246.73 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.50 and a current ratio of 2.32. The stock has a market capitalization of $5.24 billion, a P/E ratio of 130.55, a PEG ratio of 1.94 and a beta of 1.56. The company has a 50 day moving average price of $248.02 and a 200 day moving average price of $230.78. Enpro Inc. has a fifty-two week low of $133.50 and a fifty-two week high of $286.35.

Enpro (NYSE:NPO) last announced its earnings results on Wednesday, February 18th. The industrial products company reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.08. The company had revenue of $295.40 million for the quarter, compared to analyst estimates of $280.50 million. Enpro had a return on equity of 11.16% and a net margin of 3.54%.During the same quarter in the previous year, the company earned $1.57 earnings per share. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. Enpro has set its FY 2026 guidance at 8.500-9.200 EPS. Equities research analysts forecast that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This is a boost from Enpro’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.5%. Enpro’s payout ratio is presently 67.72%.

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.