Enpro Inc. (NYSE:NPO - Get Free Report) EVP Robert Savage Mclean sold 2,000 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $277.50, for a total value of $555,000.00. Following the completion of the sale, the executive vice president directly owned 29,909 shares of the company's stock, valued at $8,299,747.50. This represents a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Enpro Trading Up 1.0%
Shares of NPO stock opened at $277.99 on Wednesday. The firm has a market capitalization of $5.91 billion, a P/E ratio of 147.09, a price-to-earnings-growth ratio of 2.08 and a beta of 1.58. Enpro Inc. has a 1 year low of $133.50 and a 1 year high of $286.35. The firm's fifty day simple moving average is $241.29 and its 200 day simple moving average is $228.98. The company has a current ratio of 2.32, a quick ratio of 1.50 and a debt-to-equity ratio of 0.42.
Enpro (NYSE:NPO - Get Free Report) last posted its quarterly earnings results on Wednesday, February 18th. The industrial products company reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.08. The company had revenue of $295.40 million for the quarter, compared to analyst estimates of $280.50 million. Enpro had a net margin of 3.54% and a return on equity of 11.16%. The business's quarterly revenue was up 14.3% on a year-over-year basis. During the same period last year, the business posted $1.57 EPS. Enpro has set its FY 2026 guidance at 8.500-9.200 EPS. As a group, sell-side analysts predict that Enpro Inc. will post 7.38 EPS for the current year.
Enpro Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th will be issued a $0.32 dividend. This is a positive change from Enpro's previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $1.28 annualized dividend and a yield of 0.5%. Enpro's payout ratio is currently 65.61%.
Wall Street Analyst Weigh In
NPO has been the topic of a number of research reports. Weiss Ratings restated a "hold (c)" rating on shares of Enpro in a research report on Monday, December 29th. Oppenheimer lifted their price target on shares of Enpro from $240.00 to $285.00 and gave the stock an "outperform" rating in a research note on Thursday, February 19th. KeyCorp boosted their price target on shares of Enpro from $260.00 to $310.00 and gave the company an "overweight" rating in a 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. One 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 data from MarketBeat, Enpro presently has a consensus rating of "Moderate Buy" and a consensus price target of $297.50.
Get Our Latest Stock Analysis on Enpro
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Alliancebernstein L.P. boosted its stake in shares of Enpro by 1,651.9% in the 2nd quarter. Alliancebernstein L.P. now owns 409,798 shares of the industrial products company's stock valued at $78,497,000 after purchasing an additional 386,406 shares in the last quarter. Wasatch Advisors LP increased its position in shares of Enpro by 34.1% during the 2nd quarter. Wasatch Advisors LP now owns 1,065,791 shares of the industrial products company's stock worth $204,152,000 after purchasing an additional 270,909 shares in the last quarter. Invesco Ltd. lifted its holdings in Enpro by 26.5% during the 3rd quarter. Invesco Ltd. now owns 825,339 shares of the industrial products company's stock valued at $186,527,000 after purchasing an additional 172,991 shares during the last quarter. Tributary Capital Management LLC boosted its position in Enpro by 90.2% in the third quarter. Tributary Capital Management LLC now owns 319,740 shares of the industrial products company's stock valued at $72,261,000 after buying an additional 151,661 shares in the last quarter. Finally, Bessemer Group Inc. grew its stake in Enpro by 36,070.1% during the fourth quarter. Bessemer Group Inc. now owns 105,255 shares of the industrial products company's stock worth $22,540,000 after buying an additional 104,964 shares during the last quarter. 98.31% of the stock is owned by institutional investors.
Enpro Company Profile
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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.
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