Enpro Inc. $NPO Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC decreased its holdings in shares of Enpro Inc. (NYSE:NPO) by 13.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 68,962 shares of the industrial products company’s stock after selling 10,792 shares during the period. Gabelli Funds LLC’s holdings in Enpro were worth $15,585,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Wasatch Advisors LP boosted its holdings in Enpro by 34.1% during the second quarter. Wasatch Advisors LP now owns 1,065,791 shares of the industrial products company’s stock worth $204,152,000 after buying an additional 270,909 shares in the last quarter. Alliancebernstein L.P. increased its holdings 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 valued at $78,497,000 after buying an additional 386,406 shares in the last quarter. Congress Asset Management Co. lifted its position in shares of Enpro by 2.6% during the 3rd quarter. Congress Asset Management Co. now owns 350,557 shares of the industrial products company’s stock valued at $79,226,000 after acquiring an additional 8,992 shares during the last quarter. Tributary Capital Management LLC boosted its stake in shares of Enpro by 90.2% during the 3rd quarter. Tributary Capital Management LLC now owns 319,740 shares of the industrial products company’s stock worth $72,261,000 after acquiring an additional 151,661 shares in the last quarter. Finally, Bamco Inc. NY boosted its stake in shares of Enpro by 23.0% during the 2nd quarter. Bamco Inc. NY now owns 287,128 shares of the industrial products company’s stock worth $54,999,000 after acquiring an additional 53,713 shares in the last quarter. Institutional investors and hedge funds own 98.31% of the company’s stock.

Insiders Place Their Bets

In other Enpro news, EVP Robert Savage Mclean sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $277.50, for a total transaction of $555,000.00. Following the completion of the sale, the executive vice president directly owned 29,909 shares in the company, valued at approximately $8,299,747.50. This trade represents a 6.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John Humphrey sold 1,300 shares of Enpro stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $268.69, for a total value of $349,297.00. Following the transaction, the director directly owned 3,200 shares in the company, valued at approximately $859,808. This trade represents a 28.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 9,660 shares of company stock valued at $2,653,220 in the last 90 days. Insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

NPO has been the topic of a number of recent analyst reports. Wall Street Zen lowered Enpro from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Enpro in a research report on Monday, December 29th. Oppenheimer lifted their price target on Enpro from $240.00 to $285.00 and gave the stock an “outperform” rating in a research note on Thursday, February 19th. Finally, KeyCorp boosted their price objective on Enpro from $260.00 to $310.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Enpro has an average rating of “Moderate Buy” and an average price target of $297.50.

Enpro Trading Down 4.1%

NYSE NPO opened at $246.73 on Friday. The firm’s 50 day moving average price is $248.02 and its two-hundred day moving average price is $230.81. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.50 and a current ratio of 2.32. Enpro Inc. has a twelve month low of $133.50 and a twelve month high of $286.35. The stock has a market cap of $5.24 billion, a price-to-earnings ratio of 130.55, a PEG ratio of 1.86 and a beta of 1.56.

Enpro (NYSE:NPO) last released its earnings results on Wednesday, February 18th. The industrial products company reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.08. The company had revenue of $295.40 million during the quarter, compared to analyst estimates of $280.50 million. Enpro had a return on equity of 11.16% and a net margin of 3.54%.The company’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.57 earnings per share. Enpro has set its FY 2026 guidance at 8.500-9.200 EPS. Equities analysts anticipate that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $1.28 annualized dividend and a yield of 0.5%. This is an increase from Enpro’s previous quarterly dividend of $0.31. Enpro’s dividend payout ratio (DPR) is currently 67.72%.

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.