Amundi raised its stake in shares of Enpro Inc. (NYSE:NPO - Free Report) by 193.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,827 shares of the industrial products company's stock after acquiring an additional 7,134 shares during the period. Amundi owned approximately 0.05% of Enpro worth $1,783,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Inceptionr LLC purchased a new position in Enpro during the 4th quarter worth $318,000. Raymond James Financial Inc. purchased a new position in Enpro during the fourth quarter worth about $11,067,000. Proficio Capital Partners LLC purchased a new stake in Enpro in the 4th quarter valued at approximately $2,379,000. Atria Investments Inc increased its position in Enpro by 6.9% during the 4th quarter. Atria Investments Inc now owns 5,922 shares of the industrial products company's stock worth $1,021,000 after purchasing an additional 383 shares during the period. Finally, Victory Capital Management Inc. increased its position in Enpro by 2.6% during the 4th quarter. Victory Capital Management Inc. now owns 6,884 shares of the industrial products company's stock worth $1,187,000 after purchasing an additional 172 shares during the period. 98.31% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the company. KeyCorp upped their price objective on Enpro from $180.00 to $220.00 and gave the stock an "overweight" rating in a report on Thursday, December 12th. Oppenheimer upped their price target on shares of Enpro from $170.00 to $215.00 and gave the stock an "outperform" rating in a research note on Monday, December 16th. Finally, StockNews.com cut shares of Enpro from a "buy" rating to a "hold" rating in a research note on Wednesday, December 18th.
Check Out Our Latest Research Report on Enpro
Enpro Price Performance
NPO stock traded down $2.05 during midday trading on Friday, hitting $171.92. 230,935 shares of the stock were exchanged, compared to its average volume of 102,436. The stock's 50-day moving average price is $181.89 and its 200-day moving average price is $171.55. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.00 and a current ratio of 2.59. The stock has a market cap of $3.64 billion, a price-to-earnings ratio of 49.69 and a beta of 1.52. Enpro Inc. has a fifty-two week low of $136.68 and a fifty-two week high of $214.58.
Enpro (NYSE:NPO - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $1.57 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.10. The business had revenue of $258.40 million during the quarter, compared to analysts' expectations of $250.10 million. Enpro had a return on equity of 10.25% and a net margin of 6.95%. The business's revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $1.19 earnings per share. Research analysts predict that Enpro Inc. will post 7.38 earnings per share for the current year.
Enpro Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend was Wednesday, March 5th. This is a boost from Enpro's previous quarterly dividend of $0.30. Enpro's dividend payout ratio is 35.84%.
Insider Buying and Selling at Enpro
In related news, CAO Steven R. Bower sold 997 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $199.66, for a total transaction of $199,061.02. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.60% of the stock is owned by insiders.
About Enpro
(
Free Report)
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.
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