Enpro Inc. (NYSE:NPO) Stake Boosted by Argent Capital Management LLC

Argent Capital Management LLC grew its stake in shares of Enpro Inc. (NYSE:NPO - Free Report) by 38.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,514 shares of the industrial products company's stock after buying an additional 1,535 shares during the period. Argent Capital Management LLC's holdings in Enpro were worth $951,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Bank of Montreal Can increased its position in Enpro by 3.2% during the second quarter. Bank of Montreal Can now owns 2,595 shares of the industrial products company's stock worth $395,000 after buying an additional 80 shares in the last quarter. Creative Planning increased its position in Enpro by 3.1% during the second quarter. Creative Planning now owns 3,501 shares of the industrial products company's stock worth $510,000 after buying an additional 106 shares in the last quarter. Inspire Investing LLC increased its position in Enpro by 5.1% during the third quarter. Inspire Investing LLC now owns 2,552 shares of the industrial products company's stock worth $414,000 after buying an additional 124 shares in the last quarter. KBC Group NV increased its position in Enpro by 24.3% during the third quarter. KBC Group NV now owns 664 shares of the industrial products company's stock worth $108,000 after buying an additional 130 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its holdings in shares of Enpro by 10.6% during the third quarter. Sanctuary Advisors LLC now owns 1,494 shares of the industrial products company's stock worth $242,000 after purchasing an additional 143 shares during the last quarter. Hedge funds and other institutional investors own 98.31% of the company's stock.

Enpro Trading Up 1.8 %

Enpro stock traded up $2.99 during midday trading on Thursday, reaching $171.34. The stock had a trading volume of 82,582 shares, compared to its average volume of 90,138. Enpro Inc. has a twelve month low of $136.68 and a twelve month high of $197.94. The stock has a market capitalization of $3.60 billion, a PE ratio of 66.67 and a beta of 1.50. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.00 and a current ratio of 2.76. The stock's 50-day simple moving average is $177.03 and its 200 day simple moving average is $162.87.

Enpro (NYSE:NPO - Get Free Report) last issued its earnings results on Tuesday, November 5th. The industrial products company reported $1.74 earnings per share for the quarter, missing analysts' consensus estimates of $1.87 by ($0.13). Enpro had a net margin of 5.20% and a return on equity of 9.71%. The firm had revenue of $260.90 million during the quarter, compared to analyst estimates of $264.47 million. During the same quarter in the previous year, the business posted $1.58 EPS. Enpro's revenue was up 4.1% compared to the same quarter last year. Analysts expect that Enpro Inc. will post 6.89 EPS for the current year.

Enpro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date was Wednesday, December 4th. Enpro's dividend payout ratio is presently 46.69%.

Analyst Upgrades and Downgrades

NPO has been the topic of several analyst reports. KeyCorp raised 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 raised their price objective on Enpro from $170.00 to $215.00 and gave the stock an "outperform" rating in a report on Monday, December 16th. Finally, StockNews.com cut Enpro from a "buy" rating to a "hold" rating in a report on Wednesday, December 18th.

Insiders Place Their Bets

In other Enpro news, CAO Steven R. Bower sold 300 shares of the business's stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $162.50, for a total transaction of $48,750.00. Following the transaction, the chief accounting officer now owns 130 shares in the company, valued at $21,125. The trade was a 69.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.70% of the stock is currently owned by 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.