C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Takes $736,000 Position in Enpro Inc. (NYSE:NPO)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in Enpro Inc. (NYSE:NPO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,267 shares of the industrial products company's stock, valued at approximately $736,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Creative Planning increased its holdings in shares of Enpro by 32.9% during the third quarter. Creative Planning now owns 4,652 shares of the industrial products company's stock worth $754,000 after buying an additional 1,151 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Enpro by 357.4% during the third quarter. Blue Trust Inc. now owns 526 shares of the industrial products company's stock worth $85,000 after buying an additional 411 shares in the last quarter. OLD National Bancorp IN acquired a new stake in shares of Enpro during the third quarter worth approximately $200,000. Argent Capital Management LLC increased its holdings in shares of Enpro by 59.2% during the third quarter. Argent Capital Management LLC now owns 3,979 shares of the industrial products company's stock worth $645,000 after buying an additional 1,479 shares in the last quarter. Finally, abrdn plc increased its holdings in shares of Enpro by 1.5% during the third quarter. abrdn plc now owns 177,327 shares of the industrial products company's stock worth $28,759,000 after buying an additional 2,654 shares in the last quarter. Institutional investors and hedge funds own 98.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NPO. KeyCorp raised their price objective on shares of Enpro from $180.00 to $220.00 and gave the stock an "overweight" rating in a report on Thursday, December 12th. StockNews.com cut shares of Enpro from a "buy" rating to a "hold" rating in a research report on Wednesday, December 18th. Finally, Oppenheimer lifted their price target on shares of Enpro from $170.00 to $215.00 and gave the stock an "outperform" rating in a research report on Monday, December 16th.

Enpro Stock Down 2.5 %

Shares of NYSE:NPO traded down $5.16 during midday trading on Friday, reaching $201.72. 88,360 shares of the company were exchanged, compared to its average volume of 104,692. Enpro Inc. has a fifty-two week low of $136.68 and a fifty-two week high of $214.58. The company has a quick ratio of 2.00, a current ratio of 2.59 and a debt-to-equity ratio of 0.44. The stock has a fifty day simple moving average of $179.64 and a two-hundred day simple moving average of $167.91. The firm has a market cap of $4.23 billion, a PE ratio of 58.29 and a beta of 1.49.

Enpro (NYSE:NPO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $1.57 EPS for the quarter, topping 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 business had revenue of $258.40 million for the quarter, compared to analyst estimates of $250.10 million. During the same period last year, the business posted $1.19 earnings per share. The firm's quarterly revenue was up 3.7% on a year-over-year basis. As a group, sell-side analysts forecast that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be paid a $0.31 dividend. This is a positive change from Enpro's previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend is Wednesday, March 5th. Enpro's payout ratio is presently 34.68%.

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.