Oppenheimer Asset Management Inc. Makes New $2.74 Million Investment in Enpro Inc. $NPO

Oppenheimer Asset Management Inc. purchased a new position in shares of Enpro Inc. (NYSE:NPO) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,277 shares of the industrial products company’s stock, valued at approximately $2,743,000.

Several other institutional investors have also modified their holdings of NPO. Cedar Mountain Advisors LLC acquired a new position in shares of Enpro in the 1st quarter valued at approximately $25,000. Salomon & Ludwin LLC raised its holdings in Enpro by 55.4% during the 4th quarter. Salomon & Ludwin LLC now owns 129 shares of the industrial products company’s stock worth $29,000 after buying an additional 46 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Enpro during the 4th quarter worth approximately $33,000. EverSource Wealth Advisors LLC lifted its stake in Enpro by 36.2% in the second quarter. EverSource Wealth Advisors LLC now owns 192 shares of the industrial products company’s stock valued at $37,000 after buying an additional 51 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC bought a new position in Enpro in the third quarter valued at approximately $62,000. Institutional investors own 98.31% of the company’s stock.

Enpro Trading Up 2.0%

NYSE NPO opened at $342.88 on Friday. Enpro Inc. has a 52 week low of $202.00 and a 52 week high of $390.42. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.43 and a current ratio of 2.28. The stock’s 50 day moving average price is $340.33 and its two-hundred day moving average price is $297.83. The stock has a market capitalization of $7.26 billion, a price-to-earnings ratio of 167.26, a PEG ratio of 2.40 and a beta of 1.54.

Enpro (NYSE:NPO) last issued its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $2.50 earnings per share 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 company had revenue of $338.80 million during the quarter, compared to analysts’ expectations of $323.68 million. During the same period last year, the business earned $1.25 EPS. The business’s quarterly revenue was up 17.6% on a year-over-year basis. Enpro has set its FY 2026 guidance at 9.300-9.800 EPS. As a group, analysts anticipate that Enpro Inc. will post 9.55 earnings per share 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 $0.32 dividend. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $1.28 dividend on an annualized basis and a yield of 0.4%. Enpro’s dividend payout ratio (DPR) is 62.44%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Zacks Research upgraded shares of Enpro from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. Wall Street Zen upgraded shares of Enpro from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings cut shares of Enpro from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday. JPMorgan Chase & Co. assumed coverage on shares of Enpro in a research note on Monday, July 20th. They issued an “overweight” rating and a $420.00 target price for the company. Finally, KeyCorp increased their target price on Enpro from $345.00 to $370.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, 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.