Federated Hermes Inc. Decreases Position in Enpro Inc. (NYSE:NPO)

Federated Hermes Inc. decreased its stake in shares of Enpro Inc. (NYSE:NPO - Free Report) by 28.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,841 shares of the industrial products company's stock after selling 6,708 shares during the quarter. Federated Hermes Inc. owned about 0.08% of Enpro worth $2,904,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Verition Fund Management LLC purchased a new stake in Enpro in the 3rd quarter worth about $222,000. HighTower Advisors LLC boosted its stake in shares of Enpro by 7.6% during the third quarter. HighTower Advisors LLC now owns 3,411 shares of the industrial products company's stock valued at $553,000 after purchasing an additional 242 shares during the period. Stifel Financial Corp increased its stake in Enpro by 10.6% in the 3rd quarter. Stifel Financial Corp now owns 10,414 shares of the industrial products company's stock worth $1,689,000 after buying an additional 995 shares during the period. State Street Corp grew its stake in Enpro by 1.1% in the 3rd quarter. State Street Corp now owns 807,572 shares of the industrial products company's stock worth $130,972,000 after acquiring an additional 9,127 shares in the last quarter. Finally, Barclays PLC boosted its holdings 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. 98.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. KeyCorp dropped 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. StockNews.com lowered Enpro from a "buy" rating to a "hold" rating in a report on Wednesday, December 18th.

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Insider Buying and Selling at Enpro

In related news, CAO Steven R. Bower sold 997 shares of the firm's stock in a transaction on 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 document filed with the SEC, which is available at this link. 1.60% of the stock is owned by corporate insiders.

Enpro Stock Down 2.0 %

NYSE NPO traded down $3.01 on Wednesday, hitting $144.21. The stock had a trading volume of 125,141 shares, compared to its average volume of 109,360. Enpro Inc. has a 52-week low of $133.50 and a 52-week high of $214.58. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of 41.68 and a beta of 1.46. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.59 and a quick ratio of 2.00. The business's fifty day moving average price is $172.72 and its 200 day moving average price is $171.72.

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, topping analysts' consensus estimates of $1.47 by $0.10. The business had revenue of $258.40 million during the quarter, compared to analysts' expectations of $250.10 million. Enpro had a net margin of 6.95% and a return on equity of 10.25%. The business's quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the company posted $1.19 earnings per share. Equities research analysts anticipate that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend was Wednesday, March 5th. This is a boost from Enpro's previous quarterly dividend of $0.30. Enpro's dividend payout ratio (DPR) is 35.84%.

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.