Enpro Inc. (NYSE:NPO) Shares Acquired by Capital International Investors

Capital International Investors raised its position in Enpro Inc. (NYSE:NPO - Free Report) by 6.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 964,470 shares of the industrial products company's stock after buying an additional 60,998 shares during the quarter. Capital International Investors owned about 4.59% of Enpro worth $166,323,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. OFI Invest Asset Management acquired a new stake in shares of Enpro in the fourth quarter valued at about $60,000. Canada Pension Plan Investment Board purchased a new position in Enpro in the fourth quarter valued at about $69,000. Sterling Capital Management LLC raised its holdings in Enpro by 786.6% during the 4th quarter. Sterling Capital Management LLC now owns 594 shares of the industrial products company's stock valued at $102,000 after acquiring an additional 527 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Enpro during the 3rd quarter valued at $99,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Enpro by 386.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 647 shares of the industrial products company's stock worth $111,000 after purchasing an additional 514 shares in the last quarter. Institutional investors own 98.31% of the company's stock.

Enpro Stock Performance

Shares of NYSE NPO traded up $3.85 during midday trading on Thursday, hitting $149.23. 438,435 shares of the stock traded hands, compared to its average volume of 110,791. 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 market capitalization of $3.14 billion, a P/E ratio of 43.13 and a beta of 1.46. The firm has a 50-day moving average of $167.90 and a two-hundred day moving average of $171.16. Enpro Inc. has a one year low of $133.50 and a one year high of $214.58.

Enpro (NYSE:NPO - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $1.57 EPS for the quarter, topping analysts' consensus estimates of $1.47 by $0.10. Enpro had a return on equity of 10.25% and a net margin of 6.95%. The company had revenue of $258.40 million for the quarter, compared to analysts' expectations of $250.10 million. During the same period in the previous year, the firm earned $1.19 EPS. The firm's revenue was up 3.7% compared to the same quarter last year. On average, equities analysts forecast that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued a $0.31 dividend. This is a positive change from Enpro's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.83%. Enpro's payout ratio is presently 35.84%.

Wall Street Analyst Weigh In

Separately, KeyCorp decreased their price objective on Enpro from $230.00 to $190.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th.

Insider Buying and Selling

In related news, CAO Steven R. Bower sold 997 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $199.66, for a total value of $199,061.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is owned by insiders.

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.