Enpro Inc. (NYSE:NPO) Stake Boosted by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE raised its position in shares of Enpro Inc. (NYSE:NPO) by 2.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,629 shares of the industrial products company’s stock after buying an additional 1,368 shares during the quarter. Congress Wealth Management LLC DE owned 0.28% of Enpro worth $10,111,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in NPO. Synovus Financial Corp lifted its position in shares of Enpro by 102.7% in the 3rd quarter. Synovus Financial Corp now owns 13,972 shares of the industrial products company’s stock valued at $2,266,000 after acquiring an additional 7,078 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Enpro by 4.0% in the third quarter. JPMorgan Chase & Co. now owns 106,271 shares of the industrial products company’s stock worth $17,235,000 after buying an additional 4,123 shares during the period. Stifel Financial Corp raised its position in Enpro by 10.6% during the third quarter. Stifel Financial Corp now owns 10,414 shares of the industrial products company’s stock valued at $1,689,000 after buying an additional 995 shares during the period. Principal Financial Group Inc. lifted its stake in Enpro by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 101,873 shares of the industrial products company’s stock worth $17,568,000 after acquiring an additional 2,949 shares in the last quarter. Finally, Harvey Partners LLC boosted its position in Enpro by 1.9% during the 3rd quarter. Harvey Partners LLC now owns 212,500 shares of the industrial products company’s stock worth $34,463,000 after acquiring an additional 4,000 shares during the period. 98.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Enpro

In other news, CAO Steven R. Bower sold 997 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $199.66, for a total transaction of $199,061.02. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.60% of the company’s stock.

Enpro Stock Up 4.4 %

Shares of Enpro stock opened at $179.78 on Tuesday. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of 51.96 and a beta of 1.52. The stock has a 50-day simple moving average of $182.43 and a 200-day simple moving average of $172.16. Enpro Inc. has a 52-week low of $136.68 and a 52-week high of $214.58. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.59 and a quick ratio of 2.00.

Enpro (NYSE:NPO) last posted its earnings results on Wednesday, February 19th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.10. Enpro had a net margin of 6.95% and a return on equity of 10.25%. The firm had revenue of $258.40 million during the quarter, compared to analysts’ expectations of $250.10 million. During the same period in the previous year, the company earned $1.19 earnings per share. The company’s revenue was up 3.7% compared to the same quarter last year. On average, equities research analysts expect that Enpro Inc. will post 7.38 earnings per share for the current fiscal year.

Enpro Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 0.69%. This is an increase from Enpro’s previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, March 5th. Enpro’s dividend payout ratio is presently 35.84%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NPO. StockNews.com downgraded Enpro from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th. KeyCorp upped their price objective on shares of Enpro from $180.00 to $220.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Finally, Oppenheimer lifted their target price on shares of Enpro from $170.00 to $215.00 and gave the company an “outperform” rating in a research note on Monday, December 16th.

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.