Legal & General Group Plc Invests $18.35 Million in Enpro Inc. $NPO

Legal & General Group Plc bought a new position in Enpro Inc. (NYSE:NPO) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 48,692 shares of the industrial products company’s stock, valued at approximately $18,353,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company bought a new stake in Enpro during the second quarter valued at about $4,245,000. Gallo Partners LP bought a new position in shares of Enpro in the second quarter worth about $999,000. Sanctuary Advisors LLC purchased a new position in shares of Enpro during the 2nd quarter valued at about $426,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Enpro during the 2nd quarter valued at about $5,370,000. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Enpro during the 2nd quarter valued at about $27,000. 98.31% of the stock is currently owned by hedge funds and other institutional investors.

Enpro Stock Performance

NYSE:NPO opened at $299.09 on Monday. The company has a current ratio of 2.28, a quick ratio of 1.43 and a debt-to-equity ratio of 0.36. Enpro Inc. has a 12-month low of $202.00 and a 12-month high of $390.42. The stock has a 50-day moving average price of $333.61 and a 200 day moving average price of $302.88. The stock has a market capitalization of $6.33 billion, a P/E ratio of 145.90, a P/E/G ratio of 2.09 and a beta of 1.54.

Enpro (NYSE:NPO) last posted its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $2.50 EPS for the quarter, topping 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 analysts’ expectations of $323.68 million. During the same period in the previous year, the firm earned $1.25 EPS. The firm’s revenue was up 17.6% compared to the same quarter last year. Enpro has set its FY 2026 guidance at 9.300-9.800 EPS. Equities research analysts forecast that Enpro Inc. will post 9.55 EPS for the current fiscal year.

Enpro Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on NPO shares. JPMorgan Chase & Co. started coverage on shares of Enpro in a report on Monday, July 20th. They issued an “overweight” rating and a $420.00 target price for the company. Wall Street Zen lowered shares of Enpro from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings cut shares of Enpro from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. Zacks Research upgraded shares of Enpro from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Finally, KeyCorp lifted their target price on shares of Enpro from $345.00 to $370.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. One 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. Based on data from MarketBeat.com, Enpro presently has a consensus rating of “Buy” and an average price target 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.