Enpro Inc. (NYSE:NPO) Holdings Trimmed by Schroder Investment Management Group

Schroder Investment Management Group lowered its holdings in shares of Enpro Inc. (NYSE:NPO - Free Report) by 9.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 109,821 shares of the industrial products company's stock after selling 11,036 shares during the period. Schroder Investment Management Group owned 0.52% of Enpro worth $18,922,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Synovus Financial Corp grew its holdings in shares of Enpro by 102.7% during the third quarter. Synovus Financial Corp now owns 13,972 shares of the industrial products company's stock worth $2,266,000 after buying an additional 7,078 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Enpro by 4.0% during the third quarter. JPMorgan Chase & Co. now owns 106,271 shares of the industrial products company's stock worth $17,235,000 after purchasing an additional 4,123 shares during the last quarter. Stifel Financial Corp lifted its holdings in shares of Enpro by 10.6% during the third quarter. Stifel Financial Corp now owns 10,414 shares of the industrial products company's stock worth $1,689,000 after purchasing an additional 995 shares during the period. Sei Investments Co. raised its position in Enpro by 4.2% during the 4th quarter. Sei Investments Co. now owns 44,440 shares of the industrial products company's stock worth $7,663,000 after buying an additional 1,788 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Enpro by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 101,873 shares of the industrial products company's stock valued at $17,568,000 after purchasing an additional 2,949 shares in the last quarter. 98.31% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, CAO Steven R. Bower sold 997 shares of the company's 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.60% of the stock is owned by corporate insiders.

Enpro Stock Performance

Shares of Enpro stock traded down $1.12 during trading hours on Monday, reaching $141.67. The company's stock had a trading volume of 170,762 shares, compared to its average volume of 107,885. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.00 and a current ratio of 2.59. The company's 50 day simple moving average is $179.83 and its 200 day simple moving average is $172.83. Enpro Inc. has a one year low of $133.50 and a one year high of $214.58. The stock has a market cap of $2.98 billion, a P/E ratio of 40.95 and a beta of 1.46.

Enpro (NYSE:NPO - Get Free Report) last posted its earnings results on Wednesday, February 19th. The industrial products company reported $1.57 EPS for the quarter, topping 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 firm had revenue of $258.40 million during the quarter, compared to analysts' expectations of $250.10 million. During the same quarter in the prior year, the firm earned $1.19 EPS. Enpro's quarterly revenue was up 3.7% on a year-over-year basis. As a group, analysts expect that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a $0.31 dividend. 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 dividend yield of 0.88%. The ex-dividend date was Wednesday, March 5th. Enpro's dividend 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.