Insider Selling: Enpro (NYSE:NPO) EVP Sells $568,599.57 in Stock

Enpro Inc. (NYSE:NPO) EVP Robert Savage Mclean sold 2,541 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $223.77, for a total value of $568,599.57. Following the transaction, the executive vice president directly owned 29,116 shares in the company, valued at $6,515,287.32. The trade was a 8.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Enpro Stock Performance

Shares of NPO opened at $228.1120 on Friday. The firm has a market capitalization of $4.80 billion, a P/E ratio of 57.03, a PEG ratio of 2.20 and a beta of 1.62. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.49 and a quick ratio of 1.65. Enpro Inc. has a one year low of $133.50 and a one year high of $231.94. The business has a fifty day moving average of $206.67 and a 200 day moving average of $184.72.

Enpro (NYSE:NPO) last posted its earnings results on Tuesday, August 5th. The industrial products company reported $2.03 earnings per share for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.05). The firm had revenue of $288.10 million during the quarter, compared to the consensus estimate of $283.83 million. Enpro had a net margin of 7.83% and a return on equity of 10.49%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.08 EPS. Enpro has set its FY 2025 guidance at 7.600-8.10 EPS. As a group, sell-side analysts anticipate that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Wednesday, September 3rd. Enpro’s dividend payout ratio is 31.00%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Oppenheimer raised their price objective on shares of Enpro from $215.00 to $240.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. KeyCorp lifted their price target on shares of Enpro from $220.00 to $240.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Finally, Wall Street Zen upgraded Enpro from a “hold” rating to a “buy” rating in a research note on Sunday, August 3rd. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $240.00.

Hedge Funds Weigh In On Enpro

Several large investors have recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new position in shares of Enpro in the first quarter worth approximately $32,000. Huntington National Bank lifted its stake in shares of Enpro by 106.3% during the 2nd quarter. Huntington National Bank now owns 165 shares of the industrial products company’s stock valued at $32,000 after buying an additional 85 shares in the last quarter. Maseco LLP purchased a new position in shares of Enpro during the 2nd quarter valued at $36,000. EverSource Wealth Advisors LLC boosted its holdings in Enpro by 36.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 192 shares of the industrial products company’s stock worth $37,000 after buying an additional 51 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Enpro in the 2nd quarter worth $42,000. Hedge funds and other institutional investors own 98.31% of the company’s stock.

Enpro Company Profile

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.