Ceredex Value Advisors LLC Makes New $12.63 Million Investment in Enpro Inc. $NPO

Ceredex Value Advisors LLC bought a new position in shares of Enpro Inc. (NYSE:NPO) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 33,500 shares of the industrial products company’s stock, valued at approximately $12,627,000.

A number of other large investors have also recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in Enpro in the 2nd quarter worth about $1,268,036,000. Wasatch Advisors LP boosted its position in Enpro by 8.2% in the 3rd quarter. Wasatch Advisors LP now owns 1,153,237 shares of the industrial products company’s stock valued at $260,632,000 after buying an additional 87,446 shares during the period. Invesco Ltd. boosted its position in Enpro by 7.4% in the 4th quarter. Invesco Ltd. now owns 886,043 shares of the industrial products company’s stock valued at $189,728,000 after buying an additional 60,704 shares during the period. Geode Capital Management LLC grew its stake in Enpro by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 526,889 shares of the industrial products company’s stock worth $112,840,000 after acquiring an additional 16,772 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in Enpro by 1,651.9% in the 2nd quarter. Alliancebernstein L.P. now owns 409,798 shares of the industrial products company’s stock worth $78,497,000 after acquiring an additional 386,406 shares in the last quarter. 98.31% of the stock is owned by hedge funds and other institutional investors.

Enpro Price Performance

Shares of NPO stock opened at $313.06 on Friday. The stock’s 50-day moving average is $340.24 and its 200 day moving average is $300.76. Enpro Inc. has a 1-year low of $202.00 and a 1-year high of $390.42. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.28 and a quick ratio of 1.43. The company has a market cap of $6.63 billion, a P/E ratio of 152.71, a PEG ratio of 2.23 and a beta of 1.54.

Enpro (NYSE:NPO) last announced its earnings results on Tuesday, August 4th. The industrial products company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.18. Enpro had a net margin of 3.60% and a return on equity of 11.83%. The business had revenue of $338.80 million during the quarter, compared to the consensus estimate of $323.68 million. During the same period in the previous year, the company posted $1.25 earnings per share. The firm’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. Research analysts predict that Enpro Inc. will post 9.55 earnings per share for the current fiscal year.

Enpro Dividend Announcement

The company 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. 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 is presently 62.44%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Zacks Research raised shares of Enpro from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. KeyCorp increased their price objective on Enpro from $345.00 to $370.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Wall Street Zen upgraded Enpro from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. JPMorgan Chase & Co. started coverage on Enpro in a research report on Monday, July 20th. They set an “overweight” rating and a $420.00 target price for the company. Finally, Weiss Ratings cut Enpro from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $358.33.

Enpro Company Profile

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.