Bank of New York Mellon Corp Sells 12,376 Shares of Enpro Inc. (NYSE:NPO)

Bank of New York Mellon Corp cut its holdings in shares of Enpro Inc. (NYSE:NPO - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 239,243 shares of the industrial products company's stock after selling 12,376 shares during the period. Bank of New York Mellon Corp owned about 1.14% of Enpro worth $41,257,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in NPO. Wilmington Savings Fund Society FSB acquired a new position in shares of Enpro during the third quarter worth $99,000. KBC Group NV raised 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 during the last quarter. Vista Finance LLC acquired a new position in Enpro during the 4th quarter worth about $204,000. Pacer Advisors Inc. grew its position in shares of Enpro by 55.4% in the 4th quarter. Pacer Advisors Inc. now owns 1,212 shares of the industrial products company's stock valued at $209,000 after buying an additional 432 shares during the last quarter. Finally, Verition Fund Management LLC bought a new stake in shares of Enpro in the 3rd quarter valued at about $222,000. 98.31% of the stock is owned by institutional investors.

Enpro Trading Down 4.0 %

Shares of NYSE:NPO traded down $7.01 during midday trading on Monday, reaching $169.71. The company's stock had a trading volume of 106,180 shares, compared to its average volume of 113,406. Enpro Inc. has a fifty-two week low of $136.68 and a fifty-two week high of $214.58. 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 firm has a 50 day moving average price of $181.29 and a two-hundred day moving average price of $170.83. The firm has a market capitalization of $3.60 billion, a price-to-earnings ratio of 49.05 and a beta of 1.52.

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Enpro (NYSE:NPO - Get Free Report) last issued its quarterly earnings results 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. The firm had revenue of $258.40 million for the quarter, compared to analyst estimates of $250.10 million. Enpro had a return on equity of 10.25% and a net margin of 6.95%. The company's revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.19 earnings per share. As a group, analysts forecast that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Increases Dividend

The business 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 an increase from Enpro's previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a yield of 0.73%. The ex-dividend date is Wednesday, March 5th. Enpro's payout ratio is 35.84%.

Insider Activity

In other Enpro news, CAO Steven R. Bower sold 997 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $199.66, for a total transaction of $199,061.02. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. KeyCorp lifted their price objective on Enpro from $180.00 to $220.00 and gave the stock an "overweight" rating in a research note on Thursday, December 12th. StockNews.com downgraded shares of Enpro from a "buy" rating to a "hold" rating in a research report on Wednesday, December 18th. Finally, Oppenheimer upped their price objective 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.

Enpro 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.