Barclays PLC Increases Holdings in Enpro Inc. (NYSE:NPO)

Barclays PLC increased its holdings in Enpro Inc. (NYSE:NPO - Free Report) by 115.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 60,694 shares of the industrial products company's stock after purchasing an additional 32,544 shares during the quarter. Barclays PLC owned 0.29% of Enpro worth $9,845,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Bank of Montreal Can increased its holdings in Enpro by 3.2% during the 2nd quarter. Bank of Montreal Can now owns 2,595 shares of the industrial products company's stock valued at $395,000 after purchasing an additional 80 shares during the period. Louisiana State Employees Retirement System grew its stake in Enpro by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 10,500 shares of the industrial products company's stock worth $1,528,000 after purchasing an additional 100 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in Enpro by 3.4% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,203 shares of the industrial products company's stock worth $466,000 after purchasing an additional 104 shares in the last quarter. Creative Planning lifted 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 valued at $510,000 after buying an additional 106 shares during the period. Finally, Inspire Investing LLC boosted its holdings in shares of Enpro by 5.1% during the 3rd quarter. Inspire Investing LLC now owns 2,552 shares of the industrial products company's stock valued at $414,000 after buying an additional 124 shares in the last quarter. 98.31% of the stock is owned by institutional investors.

Enpro Stock Down 2.1 %

Shares of NPO traded down $3.94 during trading hours on Tuesday, hitting $187.20. The company had a trading volume of 103,694 shares, compared to its average volume of 100,107. 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 has a market capitalization of $3.93 billion, a price-to-earnings ratio of 72.84 and a beta of 1.49. Enpro Inc. has a 52-week low of $136.68 and a 52-week high of $197.94. The firm has a fifty day moving average price of $169.28 and a 200-day moving average price of $159.33.

Enpro (NYSE:NPO - Get Free Report) last announced its quarterly earnings data 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 return on equity of 9.71% and a net margin of 5.20%. The firm had revenue of $260.90 million during the quarter, compared to analysts' expectations of $264.47 million. During the same quarter in the previous year, the firm earned $1.58 earnings per share. Enpro's revenue was up 4.1% on a year-over-year basis. On average, equities research analysts forecast that Enpro Inc. will post 6.89 EPS for the current fiscal year.

Enpro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date is Wednesday, December 4th. Enpro's payout ratio is presently 46.69%.

Wall Street Analysts Forecast Growth

NPO has been the subject of several research reports. StockNews.com upgraded shares of Enpro from a "hold" rating to a "buy" rating in a research note on Tuesday, December 10th. Oppenheimer raised 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. Finally, KeyCorp boosted their price target on Enpro from $180.00 to $220.00 and gave the stock an "overweight" rating in a research report on Thursday, December 12th.

Insider Transactions at Enpro

In other news, CAO Steven R. Bower sold 300 shares of the company's stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $162.50, for a total value of $48,750.00. Following the completion of the sale, the chief accounting officer now directly owns 130 shares in the company, valued at $21,125. This represents a 69.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.60% of the company's stock.

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.