Oppenheimer Asset Management Inc. Buys New Shares in Enpro Inc. $NPO

Oppenheimer Asset Management Inc. bought a new position in shares of Enpro Inc. (NYSE:NPO) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 7,277 shares of the industrial products company’s stock, valued at approximately $2,743,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. AQR Capital Management LLC grew its stake in shares of Enpro by 67.2% in the first quarter. AQR Capital Management LLC now owns 3,287 shares of the industrial products company’s stock valued at $532,000 after buying an additional 1,321 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Enpro by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,506 shares of the industrial products company’s stock worth $2,023,000 after acquiring an additional 552 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in Enpro during the first quarter worth $247,000. United Services Automobile Association acquired a new stake in Enpro in the first quarter valued at $220,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Enpro by 17.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 68,906 shares of the industrial products company’s stock valued at $11,148,000 after acquiring an additional 10,162 shares during the period. Institutional investors own 98.31% of the company’s stock.

Enpro Stock Performance

Shares of NPO stock opened at $342.88 on Friday. Enpro Inc. has a 52 week low of $202.00 and a 52 week high of $390.42. The company has a market capitalization of $7.26 billion, a price-to-earnings ratio of 167.26, a PEG ratio of 2.40 and a beta of 1.54. The company has a 50-day simple moving average of $340.33 and a 200 day simple moving average of $297.83. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.43 and a current ratio of 2.28.

Enpro (NYSE:NPO) last released its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.18. The firm had revenue of $338.80 million for the quarter, compared to analysts’ expectations of $323.68 million. Enpro had a net margin of 3.60% and a return on equity of 11.83%. The business’s revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.25 EPS. Enpro has set its FY 2026 guidance at 9.300-9.800 EPS. On average, sell-side analysts predict that Enpro Inc. will post 9.55 earnings per share for the current year.

Enpro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd will be paid a dividend of $0.32 per share. The ex-dividend date is Wednesday, September 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.4%. Enpro’s dividend payout ratio (DPR) is 62.44%.

Wall Street Analyst Weigh In

NPO has been the topic of several recent analyst reports. Zacks Research upgraded shares of Enpro from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. Weiss Ratings downgraded shares of Enpro from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday. Wall Street Zen upgraded Enpro from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. KeyCorp upped their price objective on Enpro from $345.00 to $370.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Finally, JPMorgan Chase & Co. started coverage on Enpro in a research report on Monday, July 20th. They issued an “overweight” rating and a $420.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target 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.