Man Group plc Takes $1.05 Million Position in Enpro Inc. $NPO

Man Group plc purchased a new position in Enpro Inc. (NYSE:NPO) in the second quarter, Holdings Channel reports. The fund purchased 2,791 shares of the industrial products company’s stock, valued at approximately $1,052,000.

Several other institutional investors have also made changes to their positions in NPO. BlackRock Inc. acquired a new position in Enpro in the 2nd quarter valued at approximately $1,268,036,000. Wasatch Advisors LP lifted its position 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 buying an additional 87,446 shares in the last quarter. Invesco Ltd. boosted its stake in shares of 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 buying an additional 60,704 shares during the period. Geode Capital Management LLC boosted its stake in shares of Enpro by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 526,889 shares of the industrial products company’s stock valued at $112,840,000 after buying an additional 16,772 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in shares of Enpro by 1,651.9% during the 2nd quarter. Alliancebernstein L.P. now owns 409,798 shares of the industrial products company’s stock valued at $78,497,000 after acquiring an additional 386,406 shares in the last quarter. 98.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Weiss Ratings downgraded shares of Enpro from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. Zacks Research upgraded Enpro from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. KeyCorp upped their target price on Enpro from $345.00 to $370.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Wall Street Zen downgraded Enpro from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. Finally, JPMorgan Chase & Co. started coverage on Enpro in a report on Monday, July 20th. They set an “overweight” rating and a $420.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $358.33.

Enpro Trading Up 0.9%

Shares of NYSE:NPO opened at $290.58 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.43 and a current ratio of 2.28. The stock’s 50-day moving average is $328.59 and its 200-day moving average is $303.26. The company has a market cap of $6.15 billion, a P/E ratio of 141.75, a P/E/G ratio of 2.01 and a beta of 1.55. Enpro Inc. has a 52-week low of $202.00 and a 52-week high of $390.42.

Enpro (NYSE:NPO) last announced its earnings results on Tuesday, August 4th. The industrial products company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.18. The firm had revenue of $338.80 million during the quarter, compared to the consensus estimate of $323.68 million. Enpro had a return on equity of 11.83% and a net margin of 3.60%.The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.25 EPS. Enpro has set its FY 2026 guidance at 9.300-9.800 EPS. Equities research analysts predict that Enpro Inc. will post 9.55 earnings per share for the current year.

Enpro Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, September 2nd. Enpro’s dividend payout ratio is currently 62.44%.

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.