Enpro (NYSE:NPO) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen downgraded shares of Enpro (NYSE:NPO) from a buy rating to a hold rating in a research report sent to investors on Sunday morning,Wall Street Zen reports.

Other equities analysts have also issued reports about the stock. JPMorgan Chase & Co. started coverage on shares of Enpro in a research report on Monday, July 20th. They set an “overweight” rating and a $420.00 target price on the stock. Weiss Ratings lowered Enpro from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Zacks Research raised Enpro from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. Finally, KeyCorp raised their price objective on Enpro from $345.00 to $370.00 and gave the stock 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 given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $358.33.

Enpro Stock Down 0.1%

Shares of NPO opened at $296.72 on Friday. The firm has a fifty day moving average price of $325.29 and a 200-day moving average price of $303.59. The company has a current ratio of 2.28, a quick ratio of 1.43 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $6.28 billion, a P/E ratio of 144.74, a P/E/G ratio of 2.07 and a beta of 1.55. Enpro has a 12-month low of $202.00 and a 12-month high of $390.42.

Enpro (NYSE:NPO) last posted its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $2.50 EPS for the quarter, topping the consensus estimate of $2.32 by $0.18. Enpro had a net margin of 3.60% and a return on equity of 11.83%. The company had revenue of $338.80 million for the quarter, compared to the consensus estimate of $323.68 million. During the same quarter last year, the firm posted $1.25 EPS. The firm’s 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. Equities research analysts expect that Enpro will post 9.55 earnings per share for the current year.

Enpro Announces Dividend

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

Hedge Funds Weigh In On Enpro

A number of hedge funds and other institutional investors have recently modified their holdings of NPO. Corient Private Wealth LP increased its holdings in Enpro by 12.2% during the second quarter. Corient Private Wealth LP now owns 7,516 shares of the industrial products company’s stock valued at $2,833,000 after buying an additional 818 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Enpro during the 2nd quarter valued at $1,387,000. California State Teachers Retirement System boosted its position in Enpro by 34,727.3% during the 2nd quarter. California State Teachers Retirement System now owns 8,950,957 shares of the industrial products company’s stock valued at $3,373,884,000 after acquiring an additional 8,925,256 shares in the last quarter. HB Wealth Management LLC purchased a new position in shares of Enpro in the 2nd quarter valued at $218,000. Finally, Turner Financial Group Inc. purchased a new position in shares of Enpro in the 2nd quarter valued at $274,000. 98.31% of the stock is currently owned by institutional investors.

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.