Zions Bancorporation N.A. Raises Holdings in Enpro Inc. (NYSE:NPO)

Zions Bancorporation N.A. grew its stake in Enpro Inc. (NYSE:NPO) by 19.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 11,500 shares of the industrial products company’s stock after buying an additional 1,865 shares during the quarter. Zions Bancorporation N.A.’s holdings in Enpro were worth $1,865,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in NPO. Janney Montgomery Scott LLC grew its holdings in Enpro by 23.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 3,278 shares of the industrial products company’s stock worth $553,000 after acquiring an additional 628 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Enpro in the first quarter valued at $734,000. Russell Investments Group Ltd. raised its stake in Enpro by 11.3% in the first quarter. Russell Investments Group Ltd. now owns 12,254 shares of the industrial products company’s stock valued at $2,068,000 after buying an additional 1,240 shares in the last quarter. ProShare Advisors LLC lifted its holdings in Enpro by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 4,224 shares of the industrial products company’s stock worth $713,000 after buying an additional 291 shares during the last quarter. Finally, Bahl & Gaynor Inc. boosted its position in shares of Enpro by 0.4% during the 1st quarter. Bahl & Gaynor Inc. now owns 33,891 shares of the industrial products company’s stock worth $5,720,000 after acquiring an additional 122 shares in the last quarter. 98.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Enpro from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th.

Enpro Stock Up 0.6 %

Shares of NYSE:NPO opened at $163.64 on Friday. The company has a current ratio of 2.76, a quick ratio of 2.00 and a debt-to-equity ratio of 0.43. The firm has a 50 day simple moving average of $155.81 and a 200-day simple moving average of $153.51. The company has a market capitalization of $3.43 billion, a PE ratio of 63.67 and a beta of 1.41. Enpro Inc. has a twelve month low of $123.56 and a twelve month high of $176.13.

Enpro (NYSE:NPO) last released its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.87 by ($0.13). Enpro had a net margin of 5.20% and a return on equity of 9.71%. The company had revenue of $260.90 million during the quarter, compared to analyst estimates of $264.47 million. During the same quarter in the prior year, the company earned $1.58 EPS. The business’s revenue was up 4.1% on a year-over-year basis. On average, equities analysts predict that Enpro Inc. will post 6.89 EPS for the current fiscal year.

Enpro Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.73%. The ex-dividend date is Wednesday, December 4th. Enpro’s dividend payout ratio (DPR) is 46.69%.

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.