Synovus Financial Corp Sells 6,573 Shares of Enpro Inc. (NYSE:NPO)

Synovus Financial Corp cut its stake in shares of Enpro Inc. (NYSE:NPO - Free Report) by 47.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,399 shares of the industrial products company's stock after selling 6,573 shares during the period. Synovus Financial Corp's holdings in Enpro were worth $1,276,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. HighTower Advisors LLC increased its position in shares of Enpro by 7.6% during the 3rd 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 last quarter. Stifel Financial Corp boosted its position in Enpro by 10.6% during the third quarter. Stifel Financial Corp now owns 10,414 shares of the industrial products company's stock valued at $1,689,000 after buying an additional 995 shares during the period. Barclays PLC increased 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 worth $9,845,000 after buying an additional 32,544 shares during the period. Geode Capital Management LLC lifted its stake in shares of Enpro by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 484,216 shares of the industrial products company's stock valued at $78,545,000 after acquiring an additional 5,502 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its holdings in Enpro by 10.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 1,494 shares of the industrial products company's stock valued at $242,000 after acquiring an additional 143 shares during the period. 98.31% of the stock is owned by hedge funds and other institutional investors.

Enpro Trading Up 0.3 %

NPO stock traded up $0.41 during trading on Friday, reaching $144.04. The company had a trading volume of 135,982 shares, compared to its average volume of 109,535. The business has a 50 day moving average of $170.81 and a 200 day moving average of $171.58. 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 company has a market cap of $3.03 billion, a P/E ratio of 41.63 and a beta of 1.46. Enpro Inc. has a 52 week low of $133.50 and a 52 week high of $214.58.

Enpro (NYSE:NPO - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $1.57 earnings per share (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 company had revenue of $258.40 million during the quarter, compared to analyst estimates of $250.10 million. Enpro's quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the business earned $1.19 EPS. As a group, sell-side analysts forecast that Enpro Inc. will post 7.38 earnings per share 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 given a $0.31 dividend. 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 positive change from Enpro's previous quarterly dividend of $0.30. Enpro's payout ratio is currently 35.84%.

Analysts Set New Price Targets

Separately, KeyCorp lowered their price target on Enpro from $230.00 to $190.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th.

Insider Buying and Selling

In other Enpro news, CAO Steven R. Bower sold 997 shares of the company's 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is currently owned by corporate insiders.

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.