JPMorgan Chase & Co. Buys 12,651 Shares of Enpro Inc. $NPO

JPMorgan Chase & Co. lifted its stake in Enpro Inc. (NYSE:NPO) by 16.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 90,239 shares of the industrial products company’s stock after buying an additional 12,651 shares during the period. JPMorgan Chase & Co. owned about 0.43% of Enpro worth $20,394,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC raised its holdings in Enpro by 67.2% in the 1st quarter. AQR Capital Management LLC now owns 3,287 shares of the industrial products company’s stock valued at $532,000 after acquiring an additional 1,321 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Enpro by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,506 shares of the industrial products company’s stock valued at $2,023,000 after purchasing an additional 552 shares during the period. Jones Financial Companies Lllp acquired a new position in shares of Enpro in the first quarter valued at $247,000. United Services Automobile Association bought a new position in Enpro in the first quarter worth $220,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Enpro by 17.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 68,906 shares of the industrial products company’s stock worth $11,148,000 after purchasing an additional 10,162 shares during the period. 98.31% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Steven R. Bower sold 507 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $265.15, for a total value of $134,431.05. Following the completion of the sale, the chief accounting officer directly owned 4,695 shares in the company, valued at approximately $1,244,879.25. This trade represents a 9.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Robert Savage Mclean sold 2,000 shares of Enpro stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $277.50, for a total value of $555,000.00. Following the completion of the transaction, the executive vice president directly owned 29,909 shares of the company’s stock, valued at $8,299,747.50. This represents a 6.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 9,660 shares of company stock valued at $2,653,220. Company insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Oppenheimer boosted their price target on shares of Enpro from $240.00 to $285.00 and gave the company an “outperform” rating in a report on Thursday, February 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Enpro in a research note on Monday, December 29th. KeyCorp increased their price target on shares of Enpro from $260.00 to $310.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Finally, Wall Street Zen downgraded Enpro from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $297.50.

Enpro Stock Up 1.4%

NPO opened at $257.03 on Wednesday. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of 136.00, a PEG ratio of 1.92 and a beta of 1.56. 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 firm’s 50-day simple moving average is $254.38 and its 200-day simple moving average is $233.34. Enpro Inc. has a twelve month low of $133.50 and a twelve month high of $286.35.

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

Enpro Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $1.28 dividend on an annualized basis and a yield of 0.5%. This is a positive change from Enpro’s previous quarterly dividend of $0.31. Enpro’s payout ratio is 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.