Envestnet Asset Management Inc. Acquires 1,992 Shares of Enpro Inc. (NYSE:NPO)

Envestnet Asset Management Inc. boosted its stake in shares of Enpro Inc. (NYSE:NPO - Free Report) by 3.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 62,158 shares of the industrial products company's stock after purchasing an additional 1,992 shares during the period. Envestnet Asset Management Inc. owned about 0.30% of Enpro worth $10,719,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in Enpro in the 4th quarter worth approximately $11,067,000. Barclays PLC raised its position in shares of Enpro by 115.6% in the third quarter. Barclays PLC now owns 60,694 shares of the industrial products company's stock valued at $9,845,000 after purchasing an additional 32,544 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Enpro by 28.6% in the fourth quarter. JPMorgan Chase & Co. now owns 136,617 shares of the industrial products company's stock worth $23,560,000 after buying an additional 30,346 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Enpro during the 4th quarter worth $2,379,000. Finally, New York State Common Retirement Fund boosted its holdings in shares of Enpro by 112.0% during the 4th quarter. New York State Common Retirement Fund now owns 23,202 shares of the industrial products company's stock worth $4,001,000 after buying an additional 12,258 shares during the period. Institutional investors and hedge funds own 98.31% of the company's stock.

Enpro Price Performance

Shares of NYSE:NPO traded up $8.53 on Wednesday, hitting $149.68. The stock had a trading volume of 25,390 shares, compared to its average volume of 124,445. The firm's 50 day moving average price is $168.85 and its 200-day moving average price is $171.34. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.00 and a current ratio of 2.59. Enpro Inc. has a twelve month low of $133.50 and a twelve month high of $214.58. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 43.26 and a beta of 1.46.

Enpro (NYSE:NPO - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $1.57 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $250.10 million. During the same period last year, the firm posted $1.19 EPS. The business's revenue was up 3.7% on a year-over-year basis. On average, equities research analysts predict that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued a $0.31 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.83%. This is a positive change from Enpro's previous quarterly dividend of $0.30. Enpro's dividend payout ratio (DPR) is currently 35.84%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, CAO Steven R. Bower sold 997 shares of Enpro stock in a transaction 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

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.