Phocas Financial Corp. Sells 27,829 Shares of Enpro Inc. (NYSE:NPO)

Phocas Financial Corp. lessened its stake in shares of Enpro Inc. (NYSE:NPO - Free Report) by 85.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,903 shares of the industrial products company's stock after selling 27,829 shares during the period. Phocas Financial Corp.'s holdings in Enpro were worth $846,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in NPO. Barclays PLC increased its holdings in Enpro by 115.6% during the third quarter. Barclays PLC now owns 60,694 shares of the industrial products company's stock worth $9,845,000 after buying an additional 32,544 shares during the last quarter. Congress Asset Management Co. increased its stake in shares of Enpro by 4.2% in the third quarter. Congress Asset Management Co. now owns 309,042 shares of the industrial products company's stock worth $50,120,000 after purchasing an additional 12,316 shares in the last quarter. New York State Common Retirement Fund increased its stake in shares of Enpro by 112.0% in the fourth quarter. New York State Common Retirement Fund now owns 23,202 shares of the industrial products company's stock worth $4,001,000 after purchasing an additional 12,258 shares in the last quarter. Citigroup Inc. increased its stake in shares of Enpro by 80.7% in the third quarter. Citigroup Inc. now owns 26,381 shares of the industrial products company's stock worth $4,278,000 after purchasing an additional 11,785 shares in the last quarter. Finally, FMR LLC increased its stake in shares of Enpro by 0.9% in the third quarter. FMR LLC now owns 1,241,736 shares of the industrial products company's stock worth $201,385,000 after purchasing an additional 11,643 shares in the last quarter. Hedge funds and other institutional investors own 98.31% of the company's stock.

Insider Activity at Enpro

In other Enpro news, CAO Steven R. Bower sold 997 shares of Enpro stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $199.66, for a total transaction of $199,061.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on NPO. KeyCorp lifted their target price on shares of Enpro from $180.00 to $220.00 and gave the stock an "overweight" rating in a research note on Thursday, December 12th. Oppenheimer lifted their target price on shares of Enpro from $170.00 to $215.00 and gave the stock an "outperform" rating in a research note on Monday, December 16th. Finally, StockNews.com downgraded shares of Enpro from a "buy" rating to a "hold" rating in a research note on Wednesday, December 18th.

Enpro Price Performance

NYSE:NPO traded down $4.40 during mid-day trading on Friday, hitting $181.60. 245,883 shares of the stock traded hands, compared to its average volume of 112,923. The business's 50-day moving average price is $181.02 and its 200 day moving average price is $169.77. The company has a market cap of $3.85 billion, a PE ratio of 52.49 and a beta of 1.49. Enpro Inc. has a 12-month low of $136.68 and a 12-month high of $214.58. 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 (NYSE:NPO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.47 by $0.10. The company 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%. Enpro's revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.19 earnings per share. On average, analysts expect that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.31 per share. The ex-dividend date is Wednesday, March 5th. This represents a $1.24 annualized dividend and a yield of 0.68%. This is a boost from Enpro's previous quarterly dividend of $0.30. Enpro's payout ratio is currently 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.