MidFirst Bank Acquires New Position in Enpro Inc. $NPO

MidFirst Bank bought a new position in Enpro Inc. (NYSE:NPO) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,189 shares of the industrial products company’s stock, valued at approximately $469,000.

Other hedge funds also recently bought and sold shares of the company. Virtu Financial LLC purchased a new position in shares of Enpro during the fourth quarter worth approximately $228,000. Invesco Ltd. boosted its stake in shares of Enpro by 7.4% in the 4th quarter. Invesco Ltd. now owns 886,043 shares of the industrial products company’s stock valued at $189,728,000 after purchasing an additional 60,704 shares in the last quarter. Corient Private Wealth LLC boosted its stake in shares of Enpro by 3.5% in the 4th quarter. Corient Private Wealth LLC now owns 1,604 shares of the industrial products company’s stock valued at $347,000 after purchasing an additional 54 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new position in shares of Enpro during the 4th quarter valued at $212,000. Finally, Empowered Funds LLC grew its holdings in shares of Enpro by 29.7% during the 4th quarter. Empowered Funds LLC now owns 4,170 shares of the industrial products company’s stock valued at $893,000 after purchasing an additional 954 shares during the last quarter. Institutional investors own 98.31% of the company’s stock.

Enpro Stock Up 0.3%

Shares of Enpro stock opened at $380.68 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.40 and a current ratio of 2.20. Enpro Inc. has a 52-week low of $179.64 and a 52-week high of $383.55. The stock has a market capitalization of $8.04 billion, a price-to-earnings ratio of 187.53, a P/E/G ratio of 2.77 and a beta of 1.55. The company’s 50 day moving average price is $309.19 and its 200-day moving average price is $265.96.

Enpro (NYSE:NPO) last issued its earnings results on Tuesday, May 5th. The industrial products company reported $2.14 EPS for the quarter, topping the consensus estimate of $2.08 by $0.06. The company had revenue of $303.00 million for the quarter, compared to the consensus estimate of $303.90 million. Enpro had a net margin of 3.70% and a return on equity of 11.33%. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.90 earnings per share. Enpro has set its FY 2026 guidance at 8.850-9.500 EPS. Equities research analysts forecast that Enpro Inc. will post 9.14 EPS for the current year.

Enpro Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd were given a $0.32 dividend. The ex-dividend date was Wednesday, June 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.3%. Enpro’s payout ratio is presently 63.05%.

Analysts Set New Price Targets

Several research firms have weighed in on NPO. Weiss Ratings downgraded shares of Enpro from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 15th. Wall Street Zen cut Enpro from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Finally, KeyCorp lifted their price objective on Enpro from $310.00 to $345.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $315.00.

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.