Enpro Inc. $NPO Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in shares of Enpro Inc. (NYSE:NPO) by 0.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 495,817 shares of the industrial products company’s stock after buying an additional 1,006 shares during the quarter. Geode Capital Management LLC’s holdings in Enpro were worth $94,986,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Enpro in the first quarter worth about $1,973,000. Pacer Advisors Inc. grew its stake in Enpro by 19.0% during the 1st quarter. Pacer Advisors Inc. now owns 1,442 shares of the industrial products company’s stock valued at $233,000 after acquiring an additional 230 shares in the last quarter. TD Asset Management Inc raised its holdings in Enpro by 1.6% in the 1st quarter. TD Asset Management Inc now owns 21,600 shares of the industrial products company’s stock valued at $3,495,000 after acquiring an additional 338 shares during the last quarter. LPL Financial LLC lifted its stake in Enpro by 12.2% in the 1st quarter. LPL Financial LLC now owns 21,766 shares of the industrial products company’s stock worth $3,240,000 after purchasing an additional 2,375 shares in the last quarter. Finally, First National Advisers LLC acquired a new position in shares of Enpro during the 1st quarter worth approximately $440,000. 98.31% of the stock is currently owned by institutional investors and hedge funds.

Enpro Trading Up 3.7%

NPO opened at $216.10 on Friday. The stock has a market capitalization of $4.55 billion, a PE ratio of 54.02, a P/E/G ratio of 2.27 and a beta of 1.60. Enpro Inc. has a one year low of $133.50 and a one year high of $248.88. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.65 and a current ratio of 2.49. The business’s 50 day moving average price is $222.41 and its 200 day moving average price is $208.95.

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

Enpro Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on NPO shares. Weiss Ratings restated a “hold (c)” rating on shares of Enpro in a research report on Wednesday. Wall Street Zen raised Enpro from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. KeyCorp upped 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 lowered Enpro from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, Oppenheimer boosted their price target on shares of Enpro from $215.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $245.00.

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.