Gabelli Funds LLC Sells 2,368 Shares of Enpro Inc. $NPO

Gabelli Funds LLC trimmed its stake in Enpro Inc. (NYSE:NPO) by 3.5% during the first quarter, Holdings Channel reports. The fund owned 64,394 shares of the industrial products company’s stock after selling 2,368 shares during the period. Gabelli Funds LLC’s holdings in Enpro were worth $16,140,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Gibbs Wealth Management increased its stake in shares of Enpro by 63.8% during the 1st quarter. Gibbs Wealth Management now owns 4,954 shares of the industrial products company’s stock worth $1,242,000 after purchasing an additional 1,930 shares during the last quarter. Lido Advisors LLC raised its holdings in shares of Enpro by 19.9% in the 1st quarter. Lido Advisors LLC now owns 2,157 shares of the industrial products company’s stock worth $541,000 after purchasing an additional 358 shares during the period. Cetera Investment Advisers lifted its stake in Enpro by 22.6% in the first quarter. Cetera Investment Advisers now owns 2,475 shares of the industrial products company’s stock valued at $620,000 after purchasing an additional 457 shares during the last quarter. NewEdge Wealth LLC purchased a new position in Enpro in the first quarter valued at approximately $209,000. Finally, First Citizens Bank & Trust Co. lifted its stake in Enpro by 2.0% in the first quarter. First Citizens Bank & Trust Co. now owns 1,780 shares of the industrial products company’s stock valued at $446,000 after purchasing an additional 35 shares during the last quarter. 98.31% of the stock is owned by institutional investors.

Enpro Price Performance

NPO opened at $333.52 on Friday. The firm has a 50-day moving average price of $335.08 and a 200-day moving average price of $287.96. Enpro Inc. has a twelve month low of $202.00 and a twelve month high of $390.42. The company has a quick ratio of 1.40, a current ratio of 2.20 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $7.05 billion, a price-to-earnings ratio of 164.29, a PEG ratio of 2.43 and a beta of 1.51.

Enpro (NYSE:NPO) last announced its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.06. The company had revenue of $303.00 million for the quarter, compared to analysts’ expectations of $303.90 million. Enpro had a net margin of 3.70% and a return on equity of 11.33%. Enpro’s revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.90 EPS. Enpro has set its FY 2026 guidance at 8.850-9.500 EPS. Equities analysts expect that Enpro Inc. will post 9.16 EPS for the current year.

Enpro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 0.4%. Enpro’s payout ratio is presently 63.05%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. JPMorgan Chase & Co. assumed coverage on Enpro in a research report on Monday, July 20th. They issued an “overweight” rating and a $420.00 target price for the company. KeyCorp upped their price target on Enpro from $345.00 to $370.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Finally, Weiss Ratings cut Enpro from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 15th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Enpro presently has an average rating of “Moderate Buy” and a consensus target price of $358.33.

Enpro Company Profile

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.