Elevation Point Wealth Partners LLC bought a new stake in Enpro Inc. (NYSE:NPO – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,567 shares of the industrial products company’s stock, valued at approximately $393,000.
Several other large investors also recently bought and sold shares of the business. Salomon & Ludwin LLC lifted its stake in shares of Enpro by 55.4% in the 4th quarter. Salomon & Ludwin LLC now owns 129 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 46 shares during the last quarter. Trust Co. of Vermont purchased a new position in shares of Enpro in the 4th quarter worth approximately $32,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Enpro during the 4th quarter valued at approximately $33,000. EverSource Wealth Advisors LLC raised its holdings in Enpro by 36.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 192 shares of the industrial products company’s stock valued at $37,000 after buying an additional 51 shares during the period. Finally, Strategic Advocates LLC purchased a new stake in Enpro during the 3rd quarter valued at $45,000. Institutional investors own 98.31% of the company’s stock.
Enpro Price Performance
NPO opened at $320.26 on Thursday. Enpro Inc. has a 12-month low of $198.25 and a 12-month high of $390.42. The company has a current ratio of 2.20, a quick ratio of 1.40 and a debt-to-equity ratio of 0.39. The business’s fifty day simple moving average is $328.93 and its 200-day simple moving average is $279.04. The company has a market capitalization of $6.77 billion, a price-to-earnings ratio of 157.77, a PEG ratio of 2.36 and a beta of 1.51.
Enpro Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 0.4%. Enpro’s dividend payout ratio (DPR) is presently 63.05%.
Wall Street Analyst Weigh In
Several research firms have commented on NPO. Weiss Ratings lowered shares of Enpro from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 15th. KeyCorp increased their target price on shares of Enpro from $310.00 to $345.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating and two have given 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 $315.00.
Check Out Our Latest Research Report on NPO
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.
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