Enpro (NYSE:NPO) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Enpro (NYSE:NPO) from a buy rating to a hold rating in a report released on Saturday,Wall Street Zen reports.

Other equities analysts also recently issued reports about the company. Zacks Research raised Enpro from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. started coverage on Enpro in a report on Monday, July 20th. They set an “overweight” rating and a $420.00 price objective on the stock. Weiss Ratings cut Enpro from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Finally, KeyCorp raised their target price on Enpro from $345.00 to $370.00 and gave the company an “overweight” rating in a report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $358.33.

Enpro Stock Down 1.1%

NPO stock opened at $295.70 on Friday. The stock has a market capitalization of $6.26 billion, a PE ratio of 144.24, a price-to-earnings-growth ratio of 2.09 and a beta of 1.54. The company has a fifty day moving average of $331.77 and a 200-day moving average of $303.05. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.43 and a current ratio of 2.28. Enpro has a one year low of $202.00 and a one year high of $390.42.

Enpro (NYSE:NPO) last posted its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.18. The firm had revenue of $338.80 million during the quarter, compared to analysts’ expectations of $323.68 million. Enpro had a net margin of 3.60% and a return on equity of 11.83%. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.25 earnings per share. Enpro has set its FY 2026 guidance at 9.300-9.800 EPS. As a group, analysts expect that Enpro will post 9.55 EPS for the current year.

Enpro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd will be given a dividend of $0.32 per share. The ex-dividend date is Wednesday, September 2nd. This represents a $1.28 dividend on an annualized basis and a yield of 0.4%. Enpro’s payout ratio is presently 62.44%.

Institutional Trading of Enpro

Large investors have recently modified their holdings of the business. California State Teachers Retirement System raised its position in shares of Enpro by 34,727.3% during the 2nd quarter. California State Teachers Retirement System now owns 8,950,957 shares of the industrial products company’s stock worth $3,373,884,000 after purchasing an additional 8,925,256 shares during the last quarter. BlackRock Inc. acquired a new stake in Enpro during the 2nd quarter valued at $1,268,036,000. Wasatch Advisors LP increased its position in Enpro by 8.2% during the third quarter. Wasatch Advisors LP now owns 1,153,237 shares of the industrial products company’s stock worth $260,632,000 after buying an additional 87,446 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Enpro by 7.4% in the fourth quarter. Invesco Ltd. now owns 886,043 shares of the industrial products company’s stock worth $189,728,000 after acquiring an additional 60,704 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Enpro by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 526,889 shares of the industrial products company’s stock worth $112,840,000 after acquiring an additional 16,772 shares during the last quarter. 98.31% of the stock is currently owned by institutional investors and hedge funds.

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.