Corient Private Wealth LLC Reduces Stock Holdings in Enpro Inc. (NYSE:NPO)

Corient Private Wealth LLC reduced its holdings in shares of Enpro Inc. (NYSE:NPO - Free Report) by 71.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,537 shares of the industrial products company's stock after selling 3,754 shares during the period. Corient Private Wealth LLC's holdings in Enpro were worth $265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. OFI Invest Asset Management purchased a new position in shares of Enpro in the fourth quarter worth $60,000. Wilmington Savings Fund Society FSB purchased a new stake in Enpro during the 3rd quarter valued at about $99,000. Smartleaf Asset Management LLC increased 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 valued at $111,000 after purchasing an additional 514 shares during the period. KBC Group NV raised its stake in shares of Enpro by 34.2% in the fourth quarter. KBC Group NV now owns 891 shares of the industrial products company's stock worth $154,000 after purchasing an additional 227 shares during the last quarter. Finally, Vista Finance LLC acquired a new stake in shares of Enpro during the fourth quarter worth about $204,000. 98.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Enpro

In related news, CAO Steven R. Bower sold 997 shares of the company's stock in a transaction dated 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 is accessible through the SEC website. 1.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Enpro Stock Performance

Shares of NYSE:NPO traded down $6.33 during trading on Friday, hitting $142.65. 211,136 shares of the stock traded hands, compared to its average volume of 107,634. 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 company has a fifty day moving average price of $180.55 and a two-hundred day moving average price of $172.86. Enpro Inc. has a 52-week low of $134.96 and a 52-week high of $214.58. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 41.23 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 earnings per share 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 business had revenue of $258.40 million during the quarter, compared to the consensus estimate of $250.10 million. During the same quarter in the prior year, the firm posted $1.19 earnings per share. The company's revenue was up 3.7% compared to the same quarter last year. As a group, equities analysts predict that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Increases Dividend

The firm also recently announced 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. 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 0.87%. Enpro's dividend payout ratio (DPR) is 35.84%.

About Enpro

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.