Principal Financial Group Inc. Has $25.69 Million Stock Position in Enpro Inc. $NPO

Principal Financial Group Inc. lifted its position in Enpro Inc. (NYSE:NPO) by 2.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 102,477 shares of the industrial products company’s stock after acquiring an additional 2,028 shares during the period. Principal Financial Group Inc. owned about 0.49% of Enpro worth $25,686,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Alliancebernstein L.P. boosted its stake in Enpro by 1,651.9% in the 2nd quarter. Alliancebernstein L.P. now owns 409,798 shares of the industrial products company’s stock worth $78,497,000 after purchasing an additional 386,406 shares during the period. Wasatch Advisors LP raised its stake in Enpro by 34.1% during the 2nd quarter. Wasatch Advisors LP now owns 1,065,791 shares of the industrial products company’s stock valued at $204,152,000 after purchasing an additional 270,909 shares during the period. Invesco Ltd. lifted its holdings in shares of Enpro by 26.5% in the third quarter. Invesco Ltd. now owns 825,339 shares of the industrial products company’s stock valued at $186,527,000 after purchasing an additional 172,991 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Enpro by 36,070.1% in the fourth quarter. Bessemer Group Inc. now owns 105,255 shares of the industrial products company’s stock valued at $22,540,000 after purchasing an additional 104,964 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Enpro by 32.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 350,948 shares of the industrial products company’s stock worth $75,149,000 after buying an additional 85,667 shares during the period. Institutional investors and hedge funds own 98.31% of the company’s stock.

Wall Street Analyst Weigh In

NPO has been the topic of several recent analyst reports. JPMorgan Chase & Co. began coverage on Enpro in a research report on Monday. They set an “overweight” rating and a $420.00 price target on the stock. KeyCorp raised their price objective on Enpro from $345.00 to $370.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Finally, Weiss Ratings cut Enpro from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 15th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $358.33.

Enpro Trading Up 0.9%

Shares of NYSE:NPO opened at $325.72 on Tuesday. The stock has a market capitalization of $6.88 billion, a PE ratio of 160.46, a P/E/G ratio of 2.35 and a beta of 1.51. Enpro Inc. has a 1 year low of $199.73 and a 1 year high of $390.42. The firm has a fifty day moving average price of $333.47 and a 200 day moving average price of $285.08. The company has a current ratio of 2.20, a quick ratio of 1.40 and a debt-to-equity ratio of 0.39.

Enpro (NYSE:NPO) last posted its earnings results on Tuesday, May 5th. The industrial products company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.06. Enpro had a return on equity of 11.33% and a net margin of 3.70%.The company had revenue of $303.00 million for the quarter, compared to analyst estimates of $303.90 million. During the same period last year, the company earned $1.90 earnings per share. The business’s revenue was up 10.9% compared to the same quarter last year. Enpro has set its FY 2026 guidance at 8.850-9.500 EPS. Analysts expect that Enpro Inc. will post 9.14 EPS for the current fiscal year.

Enpro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, June 3rd. Enpro’s dividend payout ratio (DPR) is presently 63.05%.

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.