C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Acquires New Holdings in Enpro Inc. (NYSE:NPO)

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

Several other large investors have also added to or reduced their stakes in NPO. GAMMA Investing LLC raised its position in Enpro by 168.1% during the third quarter. GAMMA Investing LLC now owns 319 shares of the industrial products company's stock worth $52,000 after acquiring an additional 200 shares in the last quarter. Blue Trust Inc. raised its position in 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 acquiring an additional 411 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Enpro during the third quarter worth $99,000. KBC Group NV raised 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 acquiring an additional 130 shares in the last quarter. Finally, OLD National Bancorp IN bought a new stake in Enpro during the third quarter worth $200,000. Institutional investors and hedge funds own 98.31% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on NPO shares. StockNews.com lowered shares of Enpro from a "buy" rating to a "hold" rating in a research report on Wednesday, December 18th. Oppenheimer upped their price target 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. Finally, KeyCorp upped their price target on shares of Enpro from $180.00 to $220.00 and gave the company an "overweight" rating in a research note on Thursday, December 12th.

Enpro Price Performance

Enpro stock traded up $2.30 during trading hours on Monday, reaching $192.73. 67,805 shares of the stock were exchanged, compared to its average volume of 94,570. The company has a market cap of $4.05 billion, a P/E ratio of 74.99 and a beta of 1.49. The company has a current ratio of 2.76, a quick ratio of 2.00 and a debt-to-equity ratio of 0.43. Enpro Inc. has a twelve month low of $136.68 and a twelve month high of $197.94. The stock has a 50 day moving average of $178.85 and a two-hundred day moving average of $167.06.

Enpro Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 0.64%. This is an increase from Enpro's previous quarterly dividend of $0.30. The ex-dividend date is Wednesday, March 5th. Enpro's dividend payout ratio is presently 46.69%.

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.