Bamco Inc. NY Makes New $150.58 Million Investment in Enpro Inc. $NPO

Bamco Inc. NY bought a new position in Enpro Inc. (NYSE:NPO) during the second quarter, Holdings Channel reports. The firm bought 399,482 shares of the industrial products company’s stock, valued at approximately $150,577,000.

Several other large investors also recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in shares of Enpro during the 2nd quarter worth about $1,268,036,000. Wasatch Advisors LP boosted its stake in Enpro by 8.2% in the 3rd quarter. Wasatch Advisors LP now owns 1,153,237 shares of the industrial products company’s stock worth $260,632,000 after purchasing an additional 87,446 shares in the last quarter. Invesco Ltd. lifted its stake in Enpro by 7.4% during the 4th quarter. Invesco Ltd. now owns 886,043 shares of the industrial products company’s stock valued at $189,728,000 after acquiring an additional 60,704 shares during the period. Geode Capital Management LLC boosted its position in Enpro by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 526,889 shares of the industrial products company’s stock worth $112,840,000 after purchasing an additional 16,772 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in 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 purchasing an additional 386,406 shares during the period. 98.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Weiss Ratings lowered shares of Enpro from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. Zacks Research raised Enpro from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. Wall Street Zen upgraded shares of Enpro from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. JPMorgan Chase & Co. initiated coverage on shares of Enpro in a report on Monday, July 20th. They issued an “overweight” rating and a $420.00 target price on the stock. Finally, KeyCorp raised their price target on shares of Enpro from $345.00 to $370.00 and gave the company an “overweight” rating in a report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $358.33.

Enpro Price Performance

Shares of NPO opened at $309.08 on Thursday. Enpro Inc. has a 12 month low of $202.00 and a 12 month high of $390.42. The company has a market cap of $6.54 billion, a P/E ratio of 150.77, a PEG ratio of 2.12 and a beta of 1.54. The stock has a fifty day moving average price of $336.67 and a 200 day moving average price of $302.39. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.28 and a quick ratio of 1.43.

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

Enpro Announces Dividend

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

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.