Enpro Inc. (NPO) to Issue Quarterly Dividend of $0.32 on September 16th

Enpro Inc. (NYSE:NPO) declared a quarterly dividend on Thursday, July 30th. Shareholders of record on Wednesday, September 2nd will be given a dividend of 0.32 per share by the industrial products company on Wednesday, September 16th. This represents a c) dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, September 2nd.

Enpro has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 2 years. Enpro has a payout ratio of 15.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Enpro to earn $10.55 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 12.1%.

Enpro Price Performance

Shares of Enpro stock opened at $313.87 on Friday. The stock has a market capitalization of $6.63 billion, a price-to-earnings ratio of 154.62, a P/E/G ratio of 2.28 and a beta of 1.51. The firm’s 50-day moving average price is $335.93 and its two-hundred day moving average price is $290.99. 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 has a 1-year low of $202.00 and a 1-year high of $390.42.

Enpro (NYSE:NPO) last posted its earnings results on Tuesday, May 5th. The industrial products company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.06. The company had revenue of $303.00 million during the quarter, compared to analysts’ expectations of $303.90 million. Enpro had a net margin of 3.70% and a return on equity of 11.33%. Enpro’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.90 earnings per share. Enpro has set its FY 2026 guidance at 8.850-9.500 EPS. On average, equities analysts predict that Enpro will post 9.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Enpro Company 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.