First Citizens Bank & Trust Co. Takes $340,000 Position in Enpro Inc. $NPO

First Citizens Bank & Trust Co. bought a new stake in Enpro Inc. (NYSE:NPO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,775 shares of the industrial products company’s stock, valued at approximately $340,000.

A number of other institutional investors have also modified their holdings of NPO. Congress Asset Management Co. increased its stake in Enpro by 0.8% in the 2nd quarter. Congress Asset Management Co. now owns 341,565 shares of the industrial products company’s stock valued at $65,427,000 after buying an additional 2,801 shares during the period. Nuveen LLC acquired a new position in Enpro in the 1st quarter valued at $28,702,000. Segall Bryant & Hamill LLC increased its stake in Enpro by 15.6% in the 1st quarter. Segall Bryant & Hamill LLC now owns 170,494 shares of the industrial products company’s stock valued at $27,584,000 after buying an additional 23,048 shares during the period. Aberdeen Group plc increased its stake in Enpro by 12.1% in the 1st quarter. Aberdeen Group plc now owns 164,437 shares of the industrial products company’s stock valued at $26,604,000 after buying an additional 17,772 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Enpro by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 104,564 shares of the industrial products company’s stock valued at $16,917,000 after buying an additional 2,691 shares during the period. 98.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. KeyCorp boosted their price objective on shares of Enpro from $240.00 to $250.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Enpro in a research note on Saturday. Oppenheimer upped their price target on shares of Enpro from $215.00 to $240.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. Wall Street Zen cut shares of Enpro from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Zacks Research cut shares of Enpro from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Enpro has an average rating of “Moderate Buy” and an average price target of $245.00.

Enpro Price Performance

Enpro stock opened at $233.12 on Monday. Enpro Inc. has a 52 week low of $133.50 and a 52 week high of $236.07. The company has a quick ratio of 1.65, a current ratio of 2.49 and a debt-to-equity ratio of 0.31. The firm’s 50-day simple moving average is $224.09 and its 200 day simple moving average is $199.64. The firm has a market capitalization of $4.91 billion, a PE ratio of 58.28, a P/E/G ratio of 2.33 and a beta of 1.57.

Enpro (NYSE:NPO) last released its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.03 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.05). Enpro had a return on equity of 10.49% and a net margin of 7.83%.The business had revenue of $288.10 million during the quarter, compared to analysts’ expectations of $283.83 million. During the same quarter in the prior year, the firm earned $2.08 earnings per share. Enpro’s quarterly revenue was up 6.0% on a year-over-year basis. Enpro has set its FY 2025 guidance at 7.600-8.10 EPS. On average, equities research analysts predict that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Announces Dividend

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

Insider Activity at Enpro

In other Enpro news, EVP Robert Savage Mclean sold 2,541 shares of the company’s stock in a transaction dated 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 approximately $6,515,287.32. This represents a 8.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.50% of the stock is owned by corporate insiders.

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.