Gabelli Funds LLC Sells 2,368 Shares of Enpro Inc. $NPO

Gabelli Funds LLC trimmed its position in shares of Enpro Inc. (NYSE:NPO) by 3.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,394 shares of the industrial products company’s stock after selling 2,368 shares during the quarter. Gabelli Funds LLC owned 0.30% of Enpro worth $16,140,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Cedar Mountain Advisors LLC bought a new stake in Enpro during the 1st quarter valued at $25,000. Salomon & Ludwin LLC raised its holdings in Enpro by 55.4% during the fourth quarter. Salomon & Ludwin LLC now owns 129 shares of the industrial products company’s stock worth $29,000 after buying an additional 46 shares during the last quarter. Trust Co. of Vermont bought a new position in shares of Enpro in the fourth quarter valued at $32,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Enpro in the fourth quarter valued at $33,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Enpro by 36.2% during the second 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 last quarter. 98.31% of the stock is currently owned by institutional investors.

Enpro Stock Performance

NPO stock opened at $333.52 on Friday. The company has a quick ratio of 1.40, a current ratio of 2.20 and a debt-to-equity ratio of 0.39. The firm has a market cap of $7.05 billion, a PE ratio of 164.29, a P/E/G ratio of 2.43 and a beta of 1.51. The business has a 50 day moving average of $335.08 and a 200-day moving average of $287.96. Enpro Inc. has a 12-month low of $202.00 and a 12-month high of $390.42.

Enpro (NYSE:NPO) last issued its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.06. Enpro had a return on equity of 11.33% and a net margin of 3.70%.The business had revenue of $303.00 million for the quarter, compared to analyst estimates of $303.90 million. During the same period last year, the company posted $1.90 earnings per share. Enpro’s quarterly revenue was up 10.9% compared to the same quarter last year. Enpro has set its FY 2026 guidance at 8.850-9.500 EPS. As a group, sell-side analysts expect that Enpro Inc. will post 9.16 earnings per share for the current year.

Enpro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders 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 annualized dividend and a dividend yield of 0.4%. Enpro’s dividend payout ratio (DPR) is currently 63.05%.

Wall Street Analyst Weigh In

Several research firms have recently commented on NPO. Weiss Ratings downgraded shares of Enpro from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 15th. JPMorgan Chase & Co. started coverage on shares of Enpro in a research report on Monday, July 20th. They issued an “overweight” rating and a $420.00 price target on the stock. Finally, KeyCorp lifted their price target on Enpro from $345.00 to $370.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Enpro currently has a consensus rating of “Moderate Buy” and a consensus price target of $358.33.

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.