Harvey Partners LLC Increases Stake in Enpro Inc. $NPO

Harvey Partners LLC boosted its holdings in shares of Enpro Inc. (NYSE:NPO) by 3.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 238,892 shares of the industrial products company’s stock after purchasing an additional 8,892 shares during the quarter. Enpro comprises about 4.5% of Harvey Partners LLC’s investment portfolio, making the stock its 5th largest position. Harvey Partners LLC owned about 1.13% of Enpro worth $45,760,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in NPO. Gallagher Fiduciary Advisors LLC raised its position in shares of Enpro by 22.6% during the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 3,948 shares of the industrial products company’s stock valued at $756,000 after buying an additional 727 shares in the last quarter. Engineers Gate Manager LP bought a new stake in Enpro during the second quarter worth approximately $342,000. BNP Paribas Financial Markets raised its position in Enpro by 122.6% during the second quarter. BNP Paribas Financial Markets now owns 3,490 shares of the industrial products company’s stock valued at $669,000 after purchasing an additional 1,922 shares during the period. Brevan Howard Capital Management LP bought a new stake in shares of Enpro in the 2nd quarter valued at approximately $278,000. Finally, Bamco Inc. NY lifted its stake in shares of Enpro by 23.0% in the 2nd quarter. Bamco Inc. NY now owns 287,128 shares of the industrial products company’s stock valued at $54,999,000 after purchasing an additional 53,713 shares during the last quarter. 98.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on NPO shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Enpro in a research note on Monday. KeyCorp raised their target price on shares of Enpro from $240.00 to $250.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Wall Street Zen upgraded shares of Enpro from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Zacks Research lowered shares of Enpro from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $245.00.

Enpro Price Performance

Enpro stock opened at $218.73 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.44 and a quick ratio of 1.69. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of 53.74, a price-to-earnings-growth ratio of 1.90 and a beta of 1.58. The firm has a 50-day moving average of $221.93 and a two-hundred day moving average of $213.39. Enpro Inc. has a 1 year low of $133.50 and a 1 year high of $248.88.

Enpro (NYSE:NPO) last issued its earnings results on Tuesday, November 4th. The industrial products company reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $0.06. The business had revenue of $286.60 million during the quarter, compared to analyst estimates of $276.57 million. Enpro had a return on equity of 10.77% and a net margin of 7.81%.Enpro has set its FY 2025 guidance at 7.750-8.050 EPS. On average, research analysts forecast that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, December 3rd. Enpro’s payout ratio is presently 30.47%.

About Enpro

Enpro Inc design, develops, manufactures, and markets proprietary, value-added products and solutions to safeguard critical environments in the United States, Europe, and internationally. It operates through two segments, Sealing Technologies and Advanced Surface Technologies. The Sealing Technologies segment offers single-use hygienic seals, tubing, components and assemblies; metallic, non-metallic, and composite material gaskets; dynamic seals; compression packing; hydraulic components; expansion joints; and wall penetration products for chemical and petrochemical processing, pulp and paper processing, nuclear energy, hydrogen, natural gas, food and biopharmaceutical processing, primary metal manufacturing, mining, water and waste treatment, commercial vehicle, aerospace, medical, filtration, and semiconductor fabrication industries.