Cibc World Markets Corp Invests $339,000 in Enpro Inc. (NYSE:NPO)

Cibc World Markets Corp purchased a new position in shares of Enpro Inc. (NYSE:NPO - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,964 shares of the industrial products company's stock, valued at approximately $339,000.

Several other hedge funds have also recently added to or reduced their stakes in NPO. Synovus Financial Corp lifted its position in Enpro by 102.7% during the third quarter. Synovus Financial Corp now owns 13,972 shares of the industrial products company's stock worth $2,266,000 after buying an additional 7,078 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Enpro by 4.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 106,271 shares of the industrial products company's stock valued at $17,235,000 after acquiring an additional 4,123 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of Enpro by 10.6% in the third quarter. Stifel Financial Corp now owns 10,414 shares of the industrial products company's stock valued at $1,689,000 after purchasing an additional 995 shares during the period. Principal Financial Group Inc. increased its position in Enpro by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 101,873 shares of the industrial products company's stock worth $17,568,000 after purchasing an additional 2,949 shares during the last quarter. Finally, Harvey Partners LLC raised its stake in Enpro by 1.9% during the third quarter. Harvey Partners LLC now owns 212,500 shares of the industrial products company's stock worth $34,463,000 after purchasing an additional 4,000 shares during the period. 98.31% of the stock is owned by institutional investors and hedge funds.

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Insider Transactions at Enpro

In related news, CAO Steven R. Bower sold 997 shares of the business's stock in a transaction 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.60% of the company's stock.

Enpro Trading Down 6.5 %

Shares of NYSE NPO traded down $11.31 during trading on Friday, reaching $163.18. The stock had a trading volume of 119,100 shares, compared to its average volume of 105,885. 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 company has a market cap of $3.43 billion, a P/E ratio of 47.16 and a beta of 1.52. Enpro Inc. has a fifty-two week low of $136.68 and a fifty-two week high of $214.58. The business's 50-day moving average price is $182.69 and its 200-day moving average price is $172.55.

Enpro (NYSE:NPO - Get Free Report) last released its earnings results 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. The company had revenue of $258.40 million for the quarter, compared to analyst estimates of $250.10 million. Enpro had a net margin of 6.95% and a return on equity of 10.25%. The firm's quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.19 EPS. On average, equities research analysts predict that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Wednesday, March 5th. This is a boost from Enpro's previous quarterly dividend of $0.30. Enpro's dividend payout ratio (DPR) is presently 35.84%.

Analyst Ratings Changes

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

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.