Geode Capital Management LLC trimmed its position in shares of Enpro Inc. (NYSE:NPO - Free Report) by 1.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 479,184 shares of the industrial products company's stock after selling 5,032 shares during the quarter. Geode Capital Management LLC owned about 2.28% of Enpro worth $82,655,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of NPO. Synovus Financial Corp grew its stake in shares of Enpro by 102.7% in the third quarter. Synovus Financial Corp now owns 13,972 shares of the industrial products company's stock worth $2,266,000 after acquiring an additional 7,078 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Enpro by 4.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 106,271 shares of the industrial products company's stock valued at $17,235,000 after buying an additional 4,123 shares during the period. Stifel Financial Corp grew its holdings in shares of Enpro by 10.6% in the third quarter. Stifel Financial Corp now owns 10,414 shares of the industrial products company's stock worth $1,689,000 after acquiring an additional 995 shares during the period. Sei Investments Co. increased its position in Enpro by 4.2% during 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 last quarter. Finally, Principal Financial Group Inc. boosted its position in Enpro by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 101,873 shares of the industrial products company's stock worth $17,568,000 after purchasing an additional 2,949 shares during the last quarter. 98.31% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research analysts have weighed in on NPO shares. KeyCorp decreased their price target on shares of 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 downgraded Enpro from a "buy" rating to a "hold" rating in a research report on Wednesday, December 18th.
View Our Latest Stock Analysis on NPO
Insiders Place Their Bets
In other 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 value of $199,061.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.60% of the stock is owned by company insiders.
Enpro Price Performance
Shares of NYSE:NPO traded down $2.55 during mid-day trading on Wednesday, reaching $144.67. The stock had a trading volume of 14,558 shares, compared to its average volume of 108,885. The business's 50 day moving average price is $173.60 and its 200 day moving average price is $171.91. Enpro Inc. has a 1 year low of $133.50 and a 1 year high of $214.58. The company has a market cap of $3.04 billion, a P/E ratio of 41.56 and a beta of 1.46. The company has a current ratio of 2.59, a quick ratio of 2.00 and a debt-to-equity ratio of 0.44.
Enpro (NYSE:NPO - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.10. The company had revenue of $258.40 million for 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%. Enpro's quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.19 earnings per share. Research analysts expect that Enpro Inc. will post 7.38 EPS for the current fiscal year.
Enpro Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were paid a $0.31 dividend. The ex-dividend date was Wednesday, March 5th. This is a positive change from Enpro's previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a yield of 0.86%. Enpro's dividend payout ratio is 35.84%.
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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