Charles Schwab Investment Management Inc. Raises Position in Enpro Inc. (NYSE:NPO)

Charles Schwab Investment Management Inc. lifted its stake in shares of Enpro Inc. (NYSE:NPO - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 254,907 shares of the industrial products company's stock after purchasing an additional 5,742 shares during the period. Charles Schwab Investment Management Inc. owned 1.21% of Enpro worth $43,959,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of NPO. Sanctuary Advisors LLC boosted its holdings in Enpro by 5.8% in the 4th quarter. Sanctuary Advisors LLC now owns 1,580 shares of the industrial products company's stock worth $295,000 after buying an additional 86 shares during the period. Heritage Family Offices LLP boosted its holdings in Enpro by 4.7% in the 4th quarter. Heritage Family Offices LLP now owns 1,934 shares of the industrial products company's stock worth $334,000 after buying an additional 87 shares during the period. KBC Group NV boosted its holdings in Enpro by 24.3% in the 3rd quarter. KBC Group NV now owns 664 shares of the industrial products company's stock worth $108,000 after buying an additional 130 shares during the period. HighTower Advisors LLC boosted its holdings in Enpro by 7.6% in the 3rd quarter. HighTower Advisors LLC now owns 3,411 shares of the industrial products company's stock worth $553,000 after buying an additional 242 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its holdings in Enpro by 24.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 1,726 shares of the industrial products company's stock worth $279,000 after buying an additional 337 shares during the period. Hedge funds and other institutional investors own 98.31% of the company's stock.

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Analysts Set New Price Targets

Several research firms recently commented on NPO. Oppenheimer raised their price objective on shares of Enpro from $170.00 to $215.00 and gave the stock an "outperform" rating in a report on Monday, December 16th. StockNews.com downgraded shares of Enpro from a "buy" rating to a "hold" rating in a report on Wednesday, December 18th. Finally, KeyCorp raised their price target on shares of Enpro from $180.00 to $220.00 and gave the company an "overweight" rating in a report on Thursday, December 12th.

Insider Transactions at Enpro

In other news, CAO Steven R. Bower sold 997 shares of Enpro 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 Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is currently owned by insiders.

Enpro Price Performance

NYSE:NPO traded down $6.24 during trading hours on Tuesday, hitting $171.81. The stock had a trading volume of 222,295 shares, compared to its average volume of 101,698. Enpro Inc. has a one year low of $136.68 and a one year high of $214.58. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.59 and a quick ratio of 2.00. The firm has a market capitalization of $3.64 billion, a price-to-earnings ratio of 49.65 and a beta of 1.52. The company has a 50 day simple moving average of $181.43 and a two-hundred day simple moving average of $171.43.

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

Enpro Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.31 per share. 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 0.72%. The ex-dividend date of this dividend is Wednesday, March 5th. Enpro's payout ratio is currently 35.84%.

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.