Bank of New York Mellon Corp Sells 5,731 Shares of Enpro Inc. $NPO

Bank of New York Mellon Corp lessened its holdings in Enpro Inc. (NYSE:NPO) by 3.0% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 185,572 shares of the industrial products company’s stock after selling 5,731 shares during the period. Bank of New York Mellon Corp’s holdings in Enpro were worth $46,514,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of NPO. Alliancebernstein L.P. increased its position in shares of Enpro by 1,651.9% during the 2nd quarter. Alliancebernstein L.P. now owns 409,798 shares of the industrial products company’s stock valued at $78,497,000 after purchasing an additional 386,406 shares during the last quarter. Wasatch Advisors LP increased its holdings in Enpro by 34.1% during the second quarter. Wasatch Advisors LP now owns 1,065,791 shares of the industrial products company’s stock worth $204,152,000 after buying an additional 270,909 shares during the last quarter. Invesco Ltd. raised its position in Enpro by 26.5% in the third quarter. Invesco Ltd. now owns 825,339 shares of the industrial products company’s stock worth $186,527,000 after acquiring an additional 172,991 shares during the period. Bessemer Group Inc. raised its position in Enpro by 36,070.1% in the fourth quarter. Bessemer Group Inc. now owns 105,255 shares of the industrial products company’s stock worth $22,540,000 after acquiring an additional 104,964 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in 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 valued at $75,149,000 after acquiring an additional 85,667 shares during the last quarter. 98.31% of the stock is currently owned by institutional investors.

Enpro Stock Down 1.0%

Shares of NYSE:NPO opened at $333.52 on Friday. The firm has a fifty day moving average of $335.08 and a 200 day moving average of $287.96. Enpro Inc. has a 52-week low of $202.00 and a 52-week high of $390.42. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.40 and a current ratio of 2.20. The firm has a market capitalization of $7.05 billion, a PE ratio of 164.29, a price-to-earnings-growth ratio of 2.45 and a beta of 1.51.

Enpro (NYSE:NPO) last released its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $2.14 EPS for the quarter, topping 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 firm had revenue of $303.00 million for the quarter, compared to the consensus estimate of $303.90 million. During the same quarter in the previous year, the business earned $1.90 earnings per share. The company’s quarterly revenue was up 10.9% on a year-over-year basis. Enpro has set its FY 2026 guidance at 8.850-9.500 EPS. As a group, research analysts anticipate that Enpro Inc. will post 9.16 EPS for the current fiscal year.

Enpro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd were given a dividend of $0.32 per share. The ex-dividend date was Wednesday, June 3rd. This represents a $1.28 annualized dividend and a dividend yield of 0.4%. Enpro’s payout ratio is currently 63.05%.

Analysts Set New Price Targets

NPO has been the subject of several research analyst reports. Weiss Ratings lowered shares of Enpro from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 15th. JPMorgan Chase & Co. initiated coverage on Enpro in a report on Monday, July 20th. They set an “overweight” rating and a $420.00 price objective for the company. Finally, KeyCorp raised their target price on Enpro from $345.00 to $370.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $358.33.

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.