Equitable Holdings Inc. Buys Shares of 2,210 Enpro Inc. $NPO

Equitable Holdings Inc. purchased a new position in shares of Enpro Inc. (NYSE:NPO) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,210 shares of the industrial products company’s stock, valued at approximately $833,000.

Several other large investors also recently added to or reduced their stakes in NPO. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Enpro in the 2nd quarter valued at about $27,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Enpro during the second quarter worth about $30,000. Cedar Mountain Advisors LLC purchased a new position in shares of Enpro in the first quarter worth about $25,000. Allworth Financial LP purchased a new position in shares of Enpro in the second quarter worth about $49,000. Finally, Trust Co. of Vermont bought a new stake in shares of Enpro in the second quarter valued at approximately $56,000. Hedge funds and other institutional investors own 98.31% of the company’s stock.

Analyst Upgrades and Downgrades

NPO has been the subject of several analyst reports. Weiss Ratings downgraded shares of Enpro from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Wall Street Zen cut shares of Enpro from a “buy” rating to a “hold” rating in a report on Saturday. KeyCorp increased their target price on Enpro from $345.00 to $370.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. JPMorgan Chase & Co. began coverage on Enpro in a report on Monday, July 20th. They issued an “overweight” rating and a $420.00 price target for the company. Finally, Zacks Research upgraded Enpro from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $358.33.

Enpro Price Performance

Shares of NYSE:NPO opened at $299.09 on Friday. The company has a 50 day moving average of $333.61 and a 200 day moving average of $302.66. The stock has a market cap 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 Inc. has a 12 month low of $202.00 and a 12 month high of $390.42. 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 (NYSE:NPO) last posted 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. The business had revenue of $338.80 million for the quarter, compared to analysts’ expectations of $323.68 million. Enpro had a net margin of 3.60% and a return on equity of 11.83%. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.25 EPS. Enpro has set its FY 2026 guidance at 9.300-9.800 EPS. As a group, sell-side analysts forecast that Enpro Inc. will post 9.55 EPS for the current fiscal year.

Enpro Announces Dividend

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

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.