Paradice Investment Management LLC Has $5.08 Million Stake in Enpro Inc. (NYSE:NPO)

Paradice Investment Management LLC lowered its position in Enpro Inc. (NYSE:NPO) by 72.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,478 shares of the industrial products company’s stock after selling 76,477 shares during the quarter. Enpro makes up about 1.0% of Paradice Investment Management LLC’s investment portfolio, making the stock its 22nd largest holding. Paradice Investment Management LLC owned 0.14% of Enpro worth $5,083,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Barclays PLC increased its position in Enpro by 115.6% during the third quarter. Barclays PLC now owns 60,694 shares of the industrial products company’s stock worth $9,845,000 after acquiring an additional 32,544 shares during the period. Congress Asset Management Co. boosted its holdings in shares of Enpro by 4.2% during the 3rd quarter. Congress Asset Management Co. now owns 309,042 shares of the industrial products company’s stock valued at $50,120,000 after acquiring an additional 12,316 shares in the last quarter. Citigroup Inc. grew its holdings in shares of Enpro by 80.7% during the third quarter. Citigroup Inc. now owns 26,381 shares of the industrial products company’s stock worth $4,278,000 after purchasing an additional 11,785 shares during the last quarter. FMR LLC grew its holdings in Enpro by 0.9% during the 3rd quarter. FMR LLC now owns 1,241,736 shares of the industrial products company’s stock worth $201,385,000 after acquiring an additional 11,643 shares during the last quarter. Finally, State Street Corp raised its position in Enpro by 1.1% during the 3rd quarter. State Street Corp now owns 807,572 shares of the industrial products company’s stock worth $130,972,000 after purchasing an additional 9,127 shares during the last quarter. Institutional investors and hedge funds own 98.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on NPO. Oppenheimer raised their price target on shares of Enpro from $170.00 to $215.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. KeyCorp increased their price target on Enpro from $180.00 to $220.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Finally, StockNews.com lowered Enpro from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th.

Enpro Stock Performance

Shares of NPO opened at $192.73 on Tuesday. The company has a quick ratio of 2.00, a current ratio of 2.76 and a debt-to-equity ratio of 0.43. The stock has a market cap of $4.05 billion, a P/E ratio of 74.99 and a beta of 1.49. Enpro Inc. has a 52 week low of $136.68 and a 52 week high of $197.94. The business’s 50 day moving average price is $178.85 and its 200-day moving average price is $167.06.

Enpro Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be issued a $0.31 dividend. This is an increase from Enpro’s previous quarterly dividend of $0.30. The ex-dividend date is Wednesday, March 5th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.64%. Enpro’s dividend payout ratio (DPR) is presently 46.69%.

Enpro Company Profile

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.