Connor Clark & Lunn Investment Management Ltd. Makes New Investment in Enpro Inc. $NPO

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Enpro Inc. (NYSE:NPO) during the 2nd quarter, Holdings Channel reports. The fund purchased 14,248 shares of the industrial products company’s stock, valued at approximately $5,370,000.

Other large investors have also modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Enpro during the 2nd quarter worth approximately $27,000. Elevation Point Wealth Partners LLC acquired a new stake in Enpro during the 2nd quarter valued at $437,000. Emerald Investment Advisers LLC acquired a new stake in Enpro during the 2nd quarter valued at $10,913,000. Allworth Financial LP purchased a new position in Enpro during the second quarter worth $49,000. Finally, B. Metzler seel. Sohn & Co. AG purchased a new position in Enpro during the second quarter worth $3,808,000. 98.31% of the stock is currently owned by institutional investors and hedge funds.

Enpro Trading Up 0.1%

Shares of NPO opened at $309.06 on Friday. The stock has a fifty day moving average of $335.24 and a two-hundred day moving average of $302.68. 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 company has a market capitalization of $6.54 billion, a PE ratio of 150.76, a price-to-earnings-growth ratio of 2.16 and a beta of 1.54. Enpro Inc. has a fifty-two week low of $202.00 and a fifty-two week high of $390.42.

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. began coverage on Enpro in a research report on Monday, July 20th. They issued an “overweight” rating and a $420.00 price objective on the stock. Weiss Ratings cut Enpro from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. KeyCorp boosted their target price 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. Wall Street Zen upgraded shares of Enpro from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Zacks Research raised shares of Enpro from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average 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.