The Manufacturers Life Insurance Company Invests $4.25 Million in Enpro Inc. $NPO

The Manufacturers Life Insurance Company acquired a new position in shares of Enpro Inc. (NYSE:NPO) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 11,263 shares of the industrial products company’s stock, valued at approximately $4,245,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NPO. UBS Group AG lifted its position in shares of Enpro by 54.0% in the fourth quarter. UBS Group AG now owns 67,572 shares of the industrial products company’s stock valued at $14,469,000 after acquiring an additional 23,705 shares in the last quarter. Dana Investment Advisors Inc. increased its position in Enpro by 128.0% during the 4th quarter. Dana Investment Advisors Inc. now owns 9,376 shares of the industrial products company’s stock worth $2,008,000 after purchasing an additional 5,263 shares in the last quarter. California State Teachers Retirement System increased its position in Enpro by 30.3% during the 1st quarter. California State Teachers Retirement System now owns 25,701 shares of the industrial products company’s stock worth $6,442,000 after purchasing an additional 5,972 shares in the last quarter. Royce & Associates LP raised its stake in Enpro by 7.5% in the 4th quarter. Royce & Associates LP now owns 258,577 shares of the industrial products company’s stock valued at $55,369,000 after purchasing an additional 18,143 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Enpro by 105,350.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 23,199 shares of the industrial products company’s stock valued at $4,968,000 after purchasing an additional 23,177 shares during the last quarter. Hedge funds and other institutional investors own 98.31% of the company’s stock.

Enpro Stock Performance

NYSE NPO opened at $295.70 on Tuesday. The business’s 50-day moving average price is $331.77 and its 200 day moving average price is $303.05. Enpro Inc. has a twelve month low of $202.00 and a twelve month high of $390.42. The company has a market capitalization of $6.26 billion, a PE ratio of 144.24, a price-to-earnings-growth ratio of 2.09 and a beta of 1.54. The company has a current ratio of 2.28, a quick ratio of 1.43 and a debt-to-equity ratio of 0.36.

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

Enpro Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have issued reports on NPO shares. Wall Street Zen lowered shares of Enpro from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Research upgraded shares of Enpro from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. initiated coverage on shares of Enpro in a research report on Monday, July 20th. They issued an “overweight” rating and a $420.00 price objective for the company. KeyCorp upped their price objective on shares of Enpro from $345.00 to $370.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Finally, Weiss Ratings lowered shares of Enpro from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average 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.