Intech Investment Management LLC grew its position in shares of Enpro Inc. (NYSE:NPO - Free Report) by 125.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,661 shares of the industrial products company's stock after purchasing an additional 6,478 shares during the quarter. Intech Investment Management LLC owned about 0.06% of Enpro worth $2,011,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of NPO. Raymond James Financial Inc. acquired a new stake in shares of Enpro during the fourth quarter worth $11,067,000. Barclays PLC grew its holdings in Enpro by 115.6% during the 3rd 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 during the period. Proficio Capital Partners LLC bought a new position in shares of Enpro in the 4th quarter worth about $2,379,000. New York State Common Retirement Fund lifted its stake in shares of Enpro by 112.0% in the 4th quarter. New York State Common Retirement Fund now owns 23,202 shares of the industrial products company's stock valued at $4,001,000 after purchasing an additional 12,258 shares during the period. Finally, Citigroup Inc. lifted its stake in shares of Enpro by 80.7% in the 3rd quarter. Citigroup Inc. now owns 26,381 shares of the industrial products company's stock valued at $4,278,000 after purchasing an additional 11,785 shares during the period. Institutional investors and hedge funds own 98.31% of the company's stock.
Enpro Stock Down 0.3 %
NYSE:NPO traded down $0.55 on Tuesday, hitting $179.33. The stock had a trading volume of 113,874 shares, compared to its average volume of 102,517. The company has a quick ratio of 2.00, a current ratio of 2.59 and a debt-to-equity ratio of 0.44. Enpro Inc. has a 52 week low of $136.68 and a 52 week high of $214.58. The business's fifty day moving average is $182.43 and its 200 day moving average is $172.16. The company has a market cap of $3.80 billion, a PE ratio of 51.83 and a beta of 1.52.
Enpro (NYSE:NPO - Get Free Report) last posted its quarterly earnings results 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 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 last year, the firm posted $1.19 EPS. Enpro's revenue was up 3.7% compared to the same quarter last year. On average, equities research analysts expect that Enpro Inc. will post 7.38 EPS for the current fiscal year.
Enpro Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were given a $0.31 dividend. This is a boost 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 annualized dividend and a yield of 0.69%. Enpro's dividend payout ratio (DPR) is presently 35.84%.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on NPO. KeyCorp lifted their target price on Enpro from $180.00 to $220.00 and gave the stock an "overweight" rating in a report on Thursday, December 12th. Oppenheimer lifted their price objective on shares of Enpro from $170.00 to $215.00 and gave the company an "outperform" rating in a research note on Monday, December 16th. Finally, StockNews.com lowered shares of Enpro from a "buy" rating to a "hold" rating in a research note on Wednesday, December 18th.
Get Our Latest Report on Enpro
Insider Buying and Selling at Enpro
In other news, CAO Steven R. Bower sold 997 shares of the firm'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 document filed with the SEC, which is accessible through this link. Company insiders own 1.60% of the company's stock.
About Enpro
(
Free Report)
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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