Enpro Inc. (NYSE:NPO) Announces $0.32 Quarterly Dividend

Enpro Inc. (NYSE:NPO) announced a quarterly dividend on Wednesday, April 29th. Investors of record on Wednesday, June 3rd will be paid a dividend of 0.32 per share by the industrial products company on Wednesday, June 17th. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, June 3rd.

Enpro has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 2 years. Enpro has a dividend payout ratio of 15.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Enpro to earn $10.10 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 12.7%.

Enpro Stock Up 2.9%

Shares of NYSE NPO traded up $8.01 during midday trading on Thursday, reaching $288.85. The company’s stock had a trading volume of 103,002 shares, compared to its average volume of 228,449. Enpro has a fifty-two week low of $147.96 and a fifty-two week high of $300.67. The stock has a market capitalization of $6.10 billion, a price-to-earnings ratio of 153.10, a PEG ratio of 2.20 and a beta of 1.54. The stock has a 50 day simple moving average of $263.91 and a 200-day simple moving average of $241.76. The company has a current ratio of 2.32, a quick ratio of 1.50 and a debt-to-equity ratio of 0.42.

Enpro (NYSE:NPO) last posted its earnings results on Wednesday, February 18th. The industrial products company reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.08. The firm had revenue of $295.40 million during the quarter, compared to analysts’ expectations of $280.50 million. Enpro had a net margin of 3.54% and a return on equity of 11.16%. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.57 earnings per share. Enpro has set its FY 2026 guidance at 8.500-9.200 EPS. Equities research analysts predict that Enpro will post 8.88 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on NPO shares. KeyCorp raised their price objective on shares of Enpro from $260.00 to $310.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Oppenheimer raised their price objective on shares of Enpro from $240.00 to $285.00 and gave the stock an “outperform” rating in a research report on Thursday, February 19th. Finally, Wall Street Zen downgraded shares of Enpro from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $297.50.

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.