Legal & General Group Plc Acquires Shares of 48,692 Enpro Inc. $NPO

Legal & General Group Plc bought a new position in Enpro Inc. (NYSE:NPO) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 48,692 shares of the industrial products company’s stock, valued at approximately $18,353,000. Legal & General Group Plc owned approximately 0.23% of Enpro as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Enpro during the second quarter valued at approximately $1,268,036,000. Wasatch Advisors LP boosted its stake in Enpro by 8.2% during the 3rd quarter. Wasatch Advisors LP now owns 1,153,237 shares of the industrial products company’s stock valued at $260,632,000 after purchasing an additional 87,446 shares during the last quarter. Invesco Ltd. boosted its stake in Enpro by 7.4% during the 4th quarter. Invesco Ltd. now owns 886,043 shares of the industrial products company’s stock valued at $189,728,000 after purchasing an additional 60,704 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Enpro by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 526,889 shares of the industrial products company’s stock worth $112,840,000 after purchasing an additional 16,772 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Enpro by 1,651.9% in the second quarter. Alliancebernstein L.P. now owns 409,798 shares of the industrial products company’s stock worth $78,497,000 after purchasing an additional 386,406 shares during the last quarter. Hedge funds and other institutional investors own 98.31% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Wall Street Zen downgraded Enpro from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Research upgraded Enpro from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. assumed coverage on Enpro in a research report on Monday, July 20th. They issued an “overweight” rating and a $420.00 target price for the company. Weiss Ratings downgraded shares of Enpro from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Finally, KeyCorp raised their price target on shares of Enpro from $345.00 to $370.00 and gave the company an “overweight” rating in a report on Monday, July 13th. One equities research 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 company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $358.33.

Enpro Stock Up 0.0%

NPO stock opened at $299.09 on Monday. Enpro Inc. has a fifty-two week low of $202.00 and a fifty-two week high of $390.42. The business’s 50-day moving average is $333.61 and its two-hundred day moving average is $302.88. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.43 and a current ratio of 2.28. The company has a market cap of $6.33 billion, a price-to-earnings ratio of 145.90, a P/E/G ratio of 2.09 and a beta of 1.54.

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

Enpro Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be issued a $0.32 dividend. The ex-dividend date of this dividend 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 presently 62.44%.

About Enpro

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.