Man Group plc Acquires New Holdings in Enpro Inc. $NPO

Man Group plc bought a new stake in shares of Enpro Inc. (NYSE:NPO) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,791 shares of the industrial products company’s stock, valued at approximately $1,052,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Jupiter Topco LLC bought a new stake in shares of Enpro during the second quarter valued at approximately $65,672,000. J. Goldman & Co LP acquired a new position in shares of Enpro during the second quarter worth approximately $9,832,000. Hsbc Holdings PLC bought a new position in Enpro in the 2nd quarter worth approximately $269,000. Legal & General Group Plc acquired a new stake in Enpro in the 2nd quarter valued at approximately $18,353,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Enpro during the 2nd quarter valued at $4,245,000. Institutional investors own 98.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on NPO shares. Zacks Research upgraded shares of Enpro from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Weiss Ratings downgraded Enpro from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. KeyCorp upped their price objective on Enpro from $345.00 to $370.00 and gave the company an “overweight” rating in a report on Monday, July 13th. JPMorgan Chase & Co. began coverage on Enpro in a report on Monday, July 20th. They issued an “overweight” rating and a $420.00 price objective for the company. Finally, Wall Street Zen lowered Enpro from a “buy” rating to a “hold” rating in a report on Saturday, August 29th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $358.33.

Enpro Price Performance

NPO stock opened at $290.58 on Thursday. Enpro Inc. has a one year low of $202.00 and a one year high of $390.42. The firm has a 50-day moving average of $328.59 and a two-hundred day moving average of $303.26. The firm has a market capitalization of $6.15 billion, a PE ratio of 141.75, a P/E/G ratio of 2.01 and a beta of 1.55. The company has a current ratio of 2.28, a quick ratio of 1.43 and a debt-to-equity ratio of 0.36.

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

Enpro Announces Dividend

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

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.