California State Teachers Retirement System Purchases 8,925,256 Shares of Enpro Inc. $NPO

California State Teachers Retirement System lifted its position in shares of Enpro Inc. (NYSE:NPO) by 34,727.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,950,957 shares of the industrial products company’s stock after purchasing an additional 8,925,256 shares during the quarter. California State Teachers Retirement System owned about 42.28% of Enpro worth $3,373,884,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Enpro in the second quarter worth $1,268,036,000. Bamco Inc. NY bought a new stake in shares of Enpro during the 2nd quarter valued at $150,577,000. Alliancebernstein L.P. boosted its holdings in shares of Enpro by 1,651.9% during the 2nd quarter. Alliancebernstein L.P. now owns 409,798 shares of the industrial products company’s stock valued at $78,497,000 after buying an additional 386,406 shares in the last quarter. Wasatch Advisors LP grew its position in shares of Enpro by 34.1% in the 2nd quarter. Wasatch Advisors LP now owns 1,065,791 shares of the industrial products company’s stock worth $204,152,000 after buying an additional 270,909 shares during the period. Finally, Jupiter Topco LLC bought a new position in shares of Enpro in the 2nd quarter worth about $65,672,000. 98.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Weiss Ratings lowered shares of Enpro from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. JPMorgan Chase & Co. initiated coverage on shares of Enpro in a report on Monday, July 20th. They set an “overweight” rating and a $420.00 target price for the company. Zacks Research raised Enpro from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Wall Street Zen downgraded Enpro from a “buy” rating to a “hold” rating in a research note on Sunday, September 6th. Finally, KeyCorp raised their price objective on Enpro from $345.00 to $370.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $358.33.

Enpro Stock Down 2.4%

NYSE:NPO opened at $293.51 on Friday. The firm has a market cap of $6.21 billion, a P/E ratio of 143.18, a P/E/G ratio of 2.10 and a beta of 1.55. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.43 and a current ratio of 2.28. Enpro Inc. has a fifty-two week low of $202.00 and a fifty-two week high of $390.42. The firm has a 50-day simple moving average of $320.17 and a two-hundred day simple moving average of $304.28.

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

Enpro Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be given a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $1.28 annualized dividend and a yield of 0.4%. Enpro’s dividend payout ratio is 62.44%.

Enpro Company Profile

Enpro Inc is an industrial technology company that develops and supplies products and services for critical applications where reliability, safety, and performance are essential. Its offerings serve customers in markets such as semiconductor manufacturing, industrial processing, power generation, aerospace, chemical and petrochemical processing, and other demanding operating environments.

Through its Sealing Technologies businesses, Enpro provides engineered sealing systems, gaskets, packing, diaphragms, fluid-handling components, and related maintenance and field services.