Principal Financial Group Inc. Purchases 2,028 Shares of Enpro Inc. $NPO

Principal Financial Group Inc. increased its position in Enpro Inc. (NYSE:NPO) by 2.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 102,477 shares of the industrial products company’s stock after acquiring an additional 2,028 shares during the quarter. Principal Financial Group Inc.’s holdings in Enpro were worth $25,686,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Cedar Mountain Advisors LLC acquired a new position in Enpro during the 1st quarter worth $25,000. Salomon & Ludwin LLC grew its position in shares of Enpro by 55.4% in the fourth quarter. Salomon & Ludwin LLC now owns 129 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 46 shares during the last quarter. Trust Co. of Vermont bought a new position in shares of Enpro in the fourth quarter worth about $32,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Enpro in the fourth quarter worth about $33,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Enpro by 36.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 192 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 51 shares during the last quarter. Institutional investors own 98.31% of the company’s stock.

Analyst Ratings Changes

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

Enpro Stock Up 0.9%

Shares of NYSE:NPO opened at $325.72 on Tuesday. Enpro Inc. has a 52 week low of $199.73 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 company’s fifty day moving average is $333.47 and its 200-day moving average is $285.08. The company has a market capitalization of $6.88 billion, a PE ratio of 160.46, a P/E/G ratio of 2.35 and a beta of 1.51.

Enpro (NYSE:NPO) last announced its earnings results on Tuesday, May 5th. The industrial products company reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.08 by $0.06. Enpro had a net margin of 3.70% and a return on equity of 11.33%. The business had revenue of $303.00 million during the quarter, compared to analysts’ expectations of $303.90 million. During the same quarter last year, the company posted $1.90 EPS. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. Enpro has set its FY 2026 guidance at 8.850-9.500 EPS. Equities research analysts predict that Enpro Inc. will post 9.14 earnings per share for the current fiscal year.

Enpro Dividend Announcement

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

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.