Enpro Inc. (NYSE:NPO) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC boosted its holdings in Enpro Inc. (NYSE:NPO) by 125.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,661 shares of the industrial products company’s stock after buying an additional 6,478 shares during the quarter. Intech Investment Management LLC owned 0.06% of Enpro worth $2,011,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. OFI Invest Asset Management purchased a new position in Enpro during the 4th quarter worth approximately $60,000. Wilmington Savings Fund Society FSB purchased a new position in Enpro during the 3rd quarter worth approximately $99,000. KBC Group NV grew its position in Enpro by 24.3% during the 3rd quarter. KBC Group NV now owns 664 shares of the industrial products company’s stock worth $108,000 after purchasing an additional 130 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Enpro by 386.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 647 shares of the industrial products company’s stock worth $111,000 after purchasing an additional 514 shares in the last quarter. Finally, Vista Finance LLC purchased a new position in Enpro during the 4th quarter worth approximately $204,000. 98.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on NPO shares. StockNews.com cut shares of Enpro from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Oppenheimer boosted their price target on shares of Enpro from $170.00 to $215.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Finally, KeyCorp boosted their price target on shares of Enpro from $180.00 to $220.00 and gave the company an “overweight” rating in a report on Thursday, December 12th.

Enpro Trading Down 1.0 %

Enpro stock opened at $173.98 on Friday. The company’s fifty day simple moving average is $181.89 and its 200-day simple moving average is $171.55. The company has a quick ratio of 2.00, a current ratio of 2.59 and a debt-to-equity ratio of 0.44. Enpro Inc. has a 12 month low of $136.68 and a 12 month high of $214.58. The stock has a market cap of $3.69 billion, a P/E ratio of 50.28 and a beta of 1.52.

Enpro (NYSE:NPO) last released its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.10. Enpro had a net margin of 6.95% and a return on equity of 10.25%. The business had revenue of $258.40 million during the quarter, compared to analyst estimates of $250.10 million. During the same quarter in the previous year, the business earned $1.19 EPS. Enpro’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend was Wednesday, March 5th. This is a positive change from Enpro’s previous quarterly dividend of $0.30. Enpro’s payout ratio is presently 35.84%.

Insider Activity at Enpro

In related news, CAO Steven R. Bower sold 997 shares of Enpro stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $199.66, for a total value of $199,061.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is owned by company insiders.

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.