Enpro Inc. $NPO Holdings Raised by Harvey Partners LLC

Harvey Partners LLC raised its stake in shares of Enpro Inc. (NYSE:NPO) by 4.2% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 249,000 shares of the industrial products company’s stock after buying an additional 10,108 shares during the period. Enpro comprises about 5.0% of Harvey Partners LLC’s portfolio, making the stock its largest holding. Harvey Partners LLC owned 1.18% of Enpro worth $56,274,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brevan Howard Capital Management LP grew its stake in shares of Enpro by 100.0% during the 3rd quarter. Brevan Howard Capital Management LP now owns 2,904 shares of the industrial products company’s stock worth $656,000 after purchasing an additional 1,452 shares during the period. Bamco Inc. NY boosted its holdings in Enpro by 0.8% during the third quarter. Bamco Inc. NY now owns 289,391 shares of the industrial products company’s stock worth $65,402,000 after buying an additional 2,263 shares in the last quarter. Ameriprise Financial Inc. grew its position in Enpro by 20.9% during the third quarter. Ameriprise Financial Inc. now owns 52,409 shares of the industrial products company’s stock valued at $11,844,000 after buying an additional 9,043 shares during the period. Creative Planning raised its position in shares of Enpro by 29.4% in the third quarter. Creative Planning now owns 10,732 shares of the industrial products company’s stock worth $2,425,000 after acquiring an additional 2,436 shares during the period. Finally, Amundi boosted its stake in shares of Enpro by 8.8% during the 3rd quarter. Amundi now owns 3,775 shares of the industrial products company’s stock worth $882,000 after acquiring an additional 305 shares in the last quarter. 98.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on NPO. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Enpro in a report on Monday, December 29th. Oppenheimer lifted their price target on shares of Enpro from $240.00 to $285.00 and gave the company an “outperform” rating in a research note on Thursday, February 19th. KeyCorp upped their price objective 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 shares of Enpro from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $297.50.

Enpro Stock Down 1.3%

Shares of NPO opened at $241.26 on Monday. Enpro Inc. has a 52-week low of $133.50 and a 52-week high of $286.35. The company has a quick ratio of 1.50, a current ratio of 2.32 and a debt-to-equity ratio of 0.42. The stock has a fifty day simple moving average of $251.20 and a two-hundred day simple moving average of $231.69. The company has a market capitalization of $5.13 billion, a PE ratio of 127.65, a price-to-earnings-growth ratio of 1.82 and a beta of 1.56.

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

Enpro Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th will be issued a $0.32 dividend. This is a boost from Enpro’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Wednesday, March 4th. Enpro’s payout ratio is currently 67.72%.

Insiders Place Their Bets

In related news, Director Felix M. Brueck sold 5,853 shares of Enpro stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $275.84, for a total value of $1,614,491.52. Following the completion of the sale, the director owned 1,567 shares in the company, valued at approximately $432,241.28. This trade represents a 78.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction, the chief accounting officer owned 4,695 shares of the company’s stock, valued at approximately $1,244,879.25. This represents a 9.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 9,660 shares of company stock worth $2,653,220. Company insiders own 1.50% of the company’s stock.

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.