First Eagle Investment Management LLC Increases Stake in Enpro Inc. $NPO

First Eagle Investment Management LLC increased its stake in Enpro Inc. (NYSE:NPO) by 4.7% in Q2, owning 57,069 shares valued at approximately $10.93 million. Other institutional investors also adjusted their holdings, with Congress Asset Management Co. increasing its stake by 0.8%. Enpro's stock opened at $212.98, with a market cap of $4.48 billion and a PE ratio of 53.25. The company reported Q3 EPS of $1.99, exceeding estimates, and announced a quarterly dividend of $0.31, payable on December 17. Analysts have mixed ratings on the stock, with a consensus target price of $245.00.

First Eagle Investment Management LLC raised its position in shares of Enpro Inc. (NYSE:NPO - Free Report) by 4.7% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 57,069 shares of the industrial products company's stock after purchasing an additional 2,576 shares during the quarter. First Eagle Investment Management LLC owned 0.27% of Enpro worth $10,932,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Congress Asset Management Co. grew its holdings in shares of Enpro by 0.8% during the second quarter. Congress Asset Management Co. now owns 341,565 shares of the industrial products company's stock valued at $65,427,000 after buying an additional 2,801 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Enpro by 8.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 218,310 shares of the industrial products company's stock worth $41,817,000 after acquiring an additional 16,666 shares during the last quarter. Nuveen LLC bought a new position in Enpro in the 1st quarter valued at approximately $28,702,000. Segall Bryant & Hamill LLC boosted its stake in Enpro by 15.6% during the 1st quarter. Segall Bryant & Hamill LLC now owns 170,494 shares of the industrial products company's stock valued at $27,584,000 after purchasing an additional 23,048 shares during the last quarter. Finally, Aberdeen Group plc boosted its stake in Enpro by 12.1% during the 1st quarter. Aberdeen Group plc now owns 164,437 shares of the industrial products company's stock valued at $26,604,000 after purchasing an additional 17,772 shares during the last quarter. 98.31% of the stock is owned by hedge funds and other institutional investors.

Enpro Price Performance

Shares of NYSE:NPO opened at $212.98 on Friday. The firm's 50 day moving average price is $224.06 and its 200-day moving average price is $204.75. Enpro Inc. has a twelve month low of $133.50 and a twelve month high of $248.88. The company has a quick ratio of 1.65, a current ratio of 2.49 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $4.48 billion, a PE ratio of 53.25, a price-to-earnings-growth ratio of 2.27 and a beta of 1.60.

Enpro (NYSE:NPO - Get Free Report) last announced its earnings results on Tuesday, November 4th. The industrial products company reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.06. Enpro had a net margin of 7.83% and a return on equity of 10.49%. The company had revenue of $286.60 million during the quarter, compared to analyst estimates of $276.57 million. Enpro has set its FY 2025 guidance at 7.750-8.050 EPS. Equities research analysts expect that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Wednesday, December 3rd. Enpro's dividend payout ratio is 31.00%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Zacks Research downgraded Enpro from a "strong-buy" rating to a "hold" rating in a report on Monday, October 6th. KeyCorp upped their target price on shares of Enpro from $240.00 to $250.00 and gave the company an "overweight" rating in a research note on Tuesday, October 14th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Enpro in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Enpro from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Oppenheimer increased their price objective on shares of Enpro from $215.00 to $240.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, Enpro presently has a consensus rating of "Moderate Buy" and a consensus target price of $245.00.

Check Out Our Latest Stock Report on NPO

Insider Buying and Selling

In related news, EVP Robert Savage Mclean sold 2,541 shares of Enpro stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $223.77, for a total transaction of $568,599.57. Following the transaction, the executive vice president directly owned 29,116 shares in the company, valued at approximately $6,515,287.32. The trade was a 8.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.50% of the company's stock.

About Enpro

(Free Report)

Enpro Inc design, develops, manufactures, and markets proprietary, value-added products and solutions to safeguard critical environments in the United States, Europe, and internationally. It operates through two segments, Sealing Technologies and Advanced Surface Technologies. The Sealing Technologies segment offers single-use hygienic seals, tubing, components and assemblies; metallic, non-metallic, and composite material gaskets; dynamic seals; compression packing; hydraulic components; expansion joints; and wall penetration products for chemical and petrochemical processing, pulp and paper processing, nuclear energy, hydrogen, natural gas, food and biopharmaceutical processing, primary metal manufacturing, mining, water and waste treatment, commercial vehicle, aerospace, medical, filtration, and semiconductor fabrication industries.

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