Wasatch Advisors LP Decreases Stake in Enpro Inc. $NPO

Wasatch Advisors LP decreased its holdings in shares of Enpro Inc. (NYSE:NPO) by 50.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 449,599 shares of the industrial products company’s stock after selling 460,283 shares during the quarter. Wasatch Advisors LP owned about 2.13% of Enpro worth $169,467,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Cedar Mountain Advisors LLC purchased a new position in shares of Enpro in the first quarter worth about $25,000. Salomon & Ludwin LLC grew its stake in Enpro by 55.4% during the 4th quarter. Salomon & Ludwin LLC now owns 129 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 46 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Enpro during the 4th quarter valued at about $33,000. EverSource Wealth Advisors LLC raised its holdings in Enpro by 36.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 192 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 51 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC acquired a new stake in Enpro in the 3rd quarter valued at about $62,000. 98.31% of the stock is currently owned by institutional investors and hedge funds.

Enpro Trading Up 1.1%

NPO opened at $336.07 on Wednesday. The stock has a market capitalization of $7.11 billion, a PE ratio of 163.94, a P/E/G ratio of 2.32 and a beta of 1.54. Enpro Inc. has a one year low of $202.00 and a one year high of $390.42. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.43 and a current ratio of 2.28. The business’s 50 day moving average price is $338.83 and its 200 day moving average price is $296.07.

Enpro (NYSE:NPO) last posted its earnings results on Tuesday, August 4th. The industrial products company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.18. Enpro had a return on equity of 11.83% and a net margin of 3.60%.The company had revenue of $338.80 million for the quarter, compared to the consensus estimate of $323.68 million. During the same quarter in the previous year, the business earned $1.25 earnings per share. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. Enpro has set its FY 2026 guidance at 9.300-9.800 EPS. As a group, equities research analysts expect that Enpro Inc. will post 9.55 EPS for the current year.

Enpro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, September 2nd. Enpro’s dividend payout ratio (DPR) is 62.44%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on NPO shares. Weiss Ratings upgraded Enpro from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 29th. Zacks Research raised Enpro from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. KeyCorp lifted their price objective on Enpro from $345.00 to $370.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Wall Street Zen raised Enpro from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, JPMorgan Chase & Co. initiated coverage on Enpro in a report on Monday, July 20th. They issued an “overweight” rating and a $420.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Enpro currently has an average rating of “Buy” and an average target price of $358.33.

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.