Enpro (NYSE:NPO) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of Enpro (NYSE:NPO) from a buy rating to a hold rating in a research report released on Saturday morning.

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

Enpro Trading Down 3.1%

NYSE NPO opened at $299.09 on Friday. The business’s fifty day moving average is $333.61 and its 200-day moving average is $302.66. 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 stock has a market capitalization of $6.33 billion, a price-to-earnings ratio of 145.90, a PEG ratio of 2.09 and a beta of 1.54. Enpro has a one year low of $202.00 and a one year high of $390.42.

Enpro (NYSE:NPO) last posted its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.18. Enpro had a net margin of 3.60% and a return on equity of 11.83%. The company had revenue of $338.80 million during the quarter, compared to analyst estimates of $323.68 million. During the same quarter in the prior year, the business earned $1.25 earnings per share. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. Enpro has set its FY 2026 guidance at 9.300-9.800 EPS. Equities research analysts predict that Enpro will post 9.55 EPS for the current year.

Enpro Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend 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%.

Hedge Funds Weigh In On Enpro

Several large investors have recently modified their holdings of NPO. Corient Private Wealth LP raised its position in shares of Enpro by 12.2% in the second quarter. Corient Private Wealth LP now owns 7,516 shares of the industrial products company’s stock valued at $2,833,000 after purchasing an additional 818 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Enpro during the 2nd quarter valued at approximately $1,387,000. California State Teachers Retirement System boosted its holdings in Enpro by 34,727.3% in the 2nd quarter. California State Teachers Retirement System now owns 8,950,957 shares of the industrial products company’s stock worth $3,373,884,000 after buying an additional 8,925,256 shares during the period. HB Wealth Management LLC bought a new position in Enpro in the 2nd quarter worth approximately $218,000. Finally, Turner Financial Group Inc. purchased a new position in Enpro in the 2nd quarter valued at approximately $274,000. Hedge funds and other institutional investors own 98.31% of the company’s stock.

About Enpro

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.