Barclays PLC Boosts Stock Position in Enpro Inc. (NYSE:NPO)

Barclays PLC boosted its position in shares of Enpro Inc. (NYSE:NPO - Free Report) by 29.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 78,584 shares of the industrial products company's stock after acquiring an additional 17,890 shares during the quarter. Barclays PLC owned about 0.37% of Enpro worth $13,551,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Synovus Financial Corp grew its position in Enpro by 102.7% during the 3rd 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 period. JPMorgan Chase & Co. grew its holdings in Enpro by 4.0% during the third quarter. JPMorgan Chase & Co. now owns 106,271 shares of the industrial products company's stock worth $17,235,000 after acquiring an additional 4,123 shares during the period. Sei Investments Co. lifted its holdings in Enpro by 4.2% in the fourth quarter. Sei Investments Co. now owns 44,440 shares of the industrial products company's stock valued at $7,663,000 after acquiring an additional 1,788 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Enpro by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 101,873 shares of the industrial products company's stock valued at $17,568,000 after purchasing an additional 2,949 shares during the period. Finally, Congress Asset Management Co. increased its holdings in Enpro by 1.5% in the fourth quarter. Congress Asset Management Co. now owns 313,759 shares of the industrial products company's stock valued at $54,108,000 after buying an additional 4,717 shares in the last quarter. Hedge funds and other institutional investors own 98.31% of the company's stock.

Insider Transactions at Enpro

In related news, CAO Steven R. Bower sold 997 shares of the firm'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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.60% of the company's stock.

Enpro Price Performance

Shares of NYSE:NPO traded up $3.66 during midday trading on Thursday, hitting $149.04. The company's stock had a trading volume of 404,145 shares, compared to its average volume of 110,791. Enpro Inc. has a 12-month low of $133.50 and a 12-month high of $214.58. The company has a market cap of $3.14 billion, a P/E ratio of 43.08 and a beta of 1.46. 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 business's 50 day simple moving average is $167.90 and its 200 day simple moving average is $171.16.

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 for the quarter, topping analysts' consensus estimates of $1.47 by $0.10. The business 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 business's revenue was up 3.7% on a year-over-year basis. During the same period last year, the company posted $1.19 EPS. On average, analysts forecast that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were paid a $0.31 dividend. The ex-dividend date was Wednesday, March 5th. 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 0.83%. Enpro's dividend payout ratio (DPR) is 35.84%.

Wall Street Analyst Weigh In

Separately, KeyCorp cut their price target on shares of Enpro from $230.00 to $190.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th.

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.