Enpro Inc. $NPO Shares Acquired by Fifth Third Bancorp

Fifth Third Bancorp lifted its holdings in shares of Enpro Inc. (NYSE:NPO) by 8,303.7% in the first quarter, HoldingsChannel.com reports. The firm owned 13,614 shares of the industrial products company’s stock after acquiring an additional 13,452 shares during the quarter. Fifth Third Bancorp’s holdings in Enpro were worth $3,412,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Wasatch Advisors LP raised its holdings 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 valued at $260,632,000 after buying an additional 87,446 shares during the period. Invesco Ltd. boosted its stake in Enpro by 7.4% during the fourth quarter. Invesco Ltd. now owns 886,043 shares of the industrial products company’s stock worth $189,728,000 after buying an additional 60,704 shares during the period. Geode Capital Management LLC boosted its stake in Enpro by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 526,889 shares of the industrial products company’s stock worth $112,840,000 after buying an additional 16,772 shares during the period. Alliancebernstein L.P. increased its position in shares of Enpro by 1,651.9% during the second 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 during the last quarter. Finally, Congress Asset Management Co. increased its position in shares of Enpro by 7.3% during the fourth quarter. Congress Asset Management Co. now owns 376,272 shares of the industrial products company’s stock valued at $80,571,000 after acquiring an additional 25,715 shares during the last quarter. 98.31% of the stock is owned by institutional investors and hedge funds.

Enpro Stock Performance

NPO opened at $322.68 on Monday. The business has a fifty day moving average price of $333.26 and a 200 day moving average price of $284.33. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.20 and a quick ratio of 1.40. Enpro Inc. has a 12 month low of $199.73 and a 12 month high of $390.42. The stock has a market capitalization of $6.82 billion, a price-to-earnings ratio of 158.96, a PEG ratio of 2.35 and a beta of 1.51.

Enpro (NYSE:NPO) last posted its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.06. The company had revenue of $303.00 million for the quarter, compared to analyst estimates of $303.90 million. Enpro had a return on equity of 11.33% and a net margin of 3.70%.Enpro’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.90 EPS. Enpro has set its FY 2026 guidance at 8.850-9.500 EPS. Sell-side analysts expect that Enpro Inc. will post 9.14 earnings per share for the current fiscal year.

Enpro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd were issued a $0.32 dividend. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $1.28 annualized dividend and a yield of 0.4%. Enpro’s dividend payout ratio (DPR) is 63.05%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NPO. Weiss Ratings lowered shares of Enpro from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 15th. KeyCorp increased their target price on shares of Enpro from $345.00 to $370.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $327.50.

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.