Enpro Inc. (NYSE:NPO) Stock Position Reduced by Corient Private Wealth LLC

Corient Private Wealth LLC lessened its stake in shares of Enpro Inc. (NYSE:NPO - Free Report) by 71.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,537 shares of the industrial products company's stock after selling 3,754 shares during the quarter. Corient Private Wealth LLC's holdings in Enpro were worth $265,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in NPO. Synovus Financial Corp boosted its holdings in shares of 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 purchasing an additional 7,078 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Enpro by 4.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 106,271 shares of the industrial products company's stock worth $17,235,000 after buying an additional 4,123 shares during the period. Stifel Financial Corp boosted its holdings in 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 acquiring an additional 995 shares during the last quarter. Principal Financial Group Inc. grew 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 valued at $17,568,000 after acquiring an additional 2,949 shares during the period. Finally, Harvey Partners LLC increased 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 acquiring an additional 4,000 shares during the last quarter. Institutional investors and hedge funds own 98.31% of the company's stock.

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Analysts Set New Price Targets

A number of brokerages have recently issued reports on NPO. Oppenheimer boosted their target price on 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 research note on Wednesday, December 18th. Finally, KeyCorp raised their target price 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.

Insider Activity

In related news, CAO Steven R. Bower sold 997 shares of the company'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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.60% of the company's stock.

Enpro Stock Down 9.7 %

Shares of NPO traded down $15.99 during mid-day trading on Thursday, reaching $148.93. 187,688 shares of the stock traded hands, compared to its average volume of 107,326. The stock has a fifty day simple moving average of $181.87 and a 200 day simple moving average of $173.00. Enpro Inc. has a 12-month low of $136.68 and a 12-month high of $214.58. The company has a quick ratio of 2.00, a current ratio of 2.59 and a debt-to-equity ratio of 0.44. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 43.04 and a beta of 1.52.

Enpro (NYSE:NPO - Get Free Report) last issued its quarterly earnings data 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 net margin of 6.95% and a return on equity of 10.25%. The firm had revenue of $258.40 million for the quarter, compared to analyst estimates of $250.10 million. During the same quarter in the previous year, the business posted $1.19 EPS. The firm's revenue was up 3.7% compared to the same quarter last year. Sell-side analysts expect that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Increases Dividend

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

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.