Dimensional Fund Advisors LP Has $196.04 Million Stock Position in Enpro Inc. (NYSE:NPO)

Dimensional Fund Advisors LP reduced its holdings in shares of Enpro Inc. (NYSE:NPO - Free Report) by 4.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,136,810 shares of the industrial products company's stock after selling 53,163 shares during the quarter. Dimensional Fund Advisors LP owned approximately 5.42% of Enpro worth $196,044,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NPO. Neuberger Berman Group LLC grew its position in Enpro by 23.2% in the fourth quarter. Neuberger Berman Group LLC now owns 537,660 shares of the industrial products company's stock valued at $92,719,000 after purchasing an additional 101,257 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Enpro in the 4th quarter valued at about $11,067,000. Capital International Investors increased its position in shares of Enpro by 6.8% in the fourth quarter. Capital International Investors now owns 964,470 shares of the industrial products company's stock valued at $166,323,000 after acquiring an additional 60,998 shares during the last quarter. Barclays PLC raised its holdings in Enpro by 115.6% during the third quarter. Barclays PLC now owns 60,694 shares of the industrial products company's stock worth $9,845,000 after acquiring an additional 32,544 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Enpro by 28.6% during the fourth quarter. JPMorgan Chase & Co. now owns 136,617 shares of the industrial products company's stock valued at $23,560,000 after purchasing an additional 30,346 shares during the last quarter. 98.31% of the stock is currently owned by institutional investors and hedge funds.

Enpro Stock Up 3.1 %

Enpro stock opened at $141.65 on Wednesday. Enpro Inc. has a fifty-two week low of $133.50 and a fifty-two week high of $214.58. The firm has a market capitalization of $2.98 billion, a PE ratio of 40.94 and a beta of 1.46. The company's 50-day moving average is $168.85 and its 200-day moving average is $171.34. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.59 and a quick ratio of 2.00.

Enpro (NYSE:NPO - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.10. Enpro had a return on equity of 10.25% and a net margin of 6.95%. 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 prior year, the company earned $1.19 earnings per share. The business's revenue for the quarter was up 3.7% compared to the same quarter last year. Sell-side analysts anticipate that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 0.88%. This is a boost from Enpro's previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, March 5th. Enpro's payout ratio is 35.84%.

Insider Buying and Selling at Enpro

In other news, CAO Steven R. Bower sold 997 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $199.66, for a total value of $199,061.02. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.60% of the company's stock.

Analyst Upgrades and Downgrades

Separately, KeyCorp lowered their price target on Enpro from $230.00 to $190.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th.

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.

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