Capital World Investors Invests $108.83 Million in Enpro Inc. (NYSE:NPO)

Capital World Investors purchased a new stake in shares of Enpro Inc. (NYSE:NPO - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 631,053 shares of the industrial products company's stock, valued at approximately $108,825,000. Capital World Investors owned about 3.01% of Enpro at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NPO. OFI Invest Asset Management bought a new position in shares of Enpro during the fourth quarter valued at approximately $60,000. Canada Pension Plan Investment Board bought a new stake in shares of Enpro during the fourth quarter worth $69,000. Sterling Capital Management LLC lifted its position in shares of Enpro by 786.6% during the fourth quarter. Sterling Capital Management LLC now owns 594 shares of the industrial products company's stock worth $102,000 after purchasing an additional 527 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Enpro during the third quarter valued at $99,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Enpro by 386.5% in 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 during the last quarter. 98.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Steven R. Bower sold 997 shares of the company's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $199.66, for a total transaction of $199,061.02. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.60% of the company's stock.

Enpro Stock Up 0.5 %

Shares of NPO stock traded up $0.78 on Friday, hitting $149.88. The stock had a trading volume of 106,478 shares, compared to its average volume of 110,837. The company has a quick ratio of 2.00, a current ratio of 2.59 and a debt-to-equity ratio of 0.44. Enpro Inc. has a one year low of $133.50 and a one year high of $214.58. The business has a 50 day moving average price of $166.12 and a 200 day moving average price of $171.01. The company has a market cap of $3.15 billion, a PE ratio of 43.32 and a beta of 1.46.

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

Enpro Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.31 per share. The ex-dividend date was Wednesday, March 5th. This is an increase from Enpro's previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.83%. Enpro's dividend payout ratio is presently 35.84%.

Analyst Ratings Changes

NPO has been the subject of several research reports. KeyCorp lowered their price objective on shares of Enpro from $230.00 to $190.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Sidoti upgraded Enpro to a "strong-buy" rating in a report on Wednesday.

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.