Bank of New York Mellon Corp Invests $54.50 Million in Enpro Inc. $NPO

Bank of New York Mellon Corp acquired a new stake in Enpro Inc. (NYSE:NPO) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 144,577 shares of the industrial products company’s stock, valued at approximately $54,496,000.

Other institutional investors also recently modified their holdings of the company. Cedar Mountain Advisors LLC bought a new stake in Enpro during the 1st quarter worth $25,000. Caitong International Asset Management Co. Ltd bought a new position in Enpro in the fourth quarter valued at about $33,000. EverSource Wealth Advisors LLC raised its position 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 purchasing an additional 51 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in shares of Enpro during the third quarter valued at about $62,000. Finally, Allworth Financial LP grew its holdings in shares of Enpro by 284.6% during the fourth quarter. Allworth Financial LP now owns 300 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 222 shares during the last quarter. 98.31% of the stock is currently owned by institutional investors and hedge funds.

Enpro Stock Performance

Shares of NPO stock opened at $309.08 on Thursday. The stock has a market capitalization of $6.54 billion, a PE ratio of 150.77, a PEG ratio of 2.12 and a beta of 1.54. The business’s 50 day simple moving average is $336.67 and its 200 day simple moving average is $302.39. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.28 and a quick ratio of 1.43. Enpro Inc. has a one year low of $202.00 and a one year high of $390.42.

Enpro (NYSE:NPO) last issued its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.18. The firm had revenue of $338.80 million for the quarter, compared to the consensus estimate of $323.68 million. Enpro had a net margin of 3.60% and a return on equity of 11.83%. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.25 EPS. Enpro has set its FY 2026 guidance at 9.300-9.800 EPS. As a group, research analysts forecast that Enpro Inc. will post 9.55 earnings per share for the current 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 paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, September 2nd. Enpro’s dividend payout ratio (DPR) is currently 62.44%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. started coverage on Enpro in a research note on Monday, July 20th. They issued an “overweight” rating and a $420.00 price objective for the company. Wall Street Zen raised shares of Enpro from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Zacks Research upgraded shares of Enpro from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. KeyCorp raised their price target on shares of Enpro from $345.00 to $370.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Finally, Weiss Ratings lowered shares of 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 issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $358.33.

Enpro 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.