Bank of New York Mellon Corp Boosts Stock Position in Enpro Inc. $NPO

Bank of New York Mellon Corp lifted its holdings in shares of Enpro Inc. (NYSE:NPO) by 8.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 218,310 shares of the industrial products company’s stock after acquiring an additional 16,666 shares during the period. Bank of New York Mellon Corp owned 1.04% of Enpro worth $41,817,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NPO. Teacher Retirement System of Texas purchased a new stake in Enpro in the first quarter valued at approximately $495,000. Xponance Inc. grew its stake in shares of Enpro by 5.1% during the 1st quarter. Xponance Inc. now owns 1,570 shares of the industrial products company’s stock worth $254,000 after purchasing an additional 76 shares during the period. Arizona State Retirement System increased its holdings in Enpro by 4.1% in the first quarter. Arizona State Retirement System now owns 6,021 shares of the industrial products company’s stock valued at $974,000 after buying an additional 238 shares in the last quarter. Segall Bryant & Hamill LLC increased its stake in Enpro by 15.6% in the 1st quarter. Segall Bryant & Hamill LLC now owns 170,494 shares of the industrial products company’s stock valued at $27,584,000 after purchasing an additional 23,048 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Enpro in the 1st quarter worth about $1,973,000. 98.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NPO. KeyCorp increased their target price on Enpro from $240.00 to $250.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. Zacks Research downgraded Enpro from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Wall Street Zen upgraded shares of Enpro from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Oppenheimer raised their target price on Enpro from $215.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, August 6th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Enpro in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Enpro presently has an average rating of “Moderate Buy” and a consensus target price of $245.00.

Insider Buying and Selling

In related news, EVP Robert Savage Mclean sold 2,541 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $223.77, for a total transaction of $568,599.57. Following the completion of the sale, the executive vice president directly owned 29,116 shares in the company, valued at approximately $6,515,287.32. This trade represents a 8.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Enpro Stock Performance

Shares of NPO stock opened at $219.27 on Thursday. Enpro Inc. has a 12-month low of $133.50 and a 12-month high of $248.88. The business has a 50 day simple moving average of $224.12 and a 200 day simple moving average of $206.62. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.49 and a quick ratio of 1.65. The firm has a market capitalization of $4.62 billion, a price-to-earnings ratio of 54.82, a price-to-earnings-growth ratio of 2.27 and a beta of 1.60.

Enpro (NYSE:NPO) last posted its quarterly earnings data on Tuesday, November 4th. The industrial products company reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.06. The business had revenue of $286.60 million during the quarter, compared to the consensus estimate of $276.57 million. Enpro had a net margin of 7.83% and a return on equity of 10.49%. Enpro has set its FY 2025 guidance at 7.750-8.050 EPS. On average, equities research analysts anticipate that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be given a $0.31 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $1.24 annualized dividend and a yield of 0.6%. Enpro’s payout ratio is 30.47%.

About Enpro

Enpro Inc design, develops, manufactures, and markets proprietary, value-added products and solutions to safeguard critical environments in the United States, Europe, and internationally. It operates through two segments, Sealing Technologies and Advanced Surface Technologies. The Sealing Technologies segment offers single-use hygienic seals, tubing, components and assemblies; metallic, non-metallic, and composite material gaskets; dynamic seals; compression packing; hydraulic components; expansion joints; and wall penetration products for chemical and petrochemical processing, pulp and paper processing, nuclear energy, hydrogen, natural gas, food and biopharmaceutical processing, primary metal manufacturing, mining, water and waste treatment, commercial vehicle, aerospace, medical, filtration, and semiconductor fabrication industries.