Gabelli Funds LLC Cuts Position in Enpro Inc. (NYSE:NPO)

Gabelli Funds LLC trimmed its position in Enpro Inc. (NYSE:NPO - Free Report) by 8.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 78,700 shares of the industrial products company's stock after selling 7,000 shares during the quarter. Gabelli Funds LLC owned about 0.37% of Enpro worth $13,572,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Invesco Ltd. raised its stake in shares of Enpro by 1.1% in the 4th quarter. Invesco Ltd. now owns 717,456 shares of the industrial products company's stock valued at $123,725,000 after acquiring an additional 7,911 shares during the period. Neuberger Berman Group LLC lifted its holdings in Enpro by 23.2% during the 4th quarter. Neuberger Berman Group LLC now owns 537,660 shares of the industrial products company's stock worth $92,719,000 after buying an additional 101,257 shares during the last quarter. Geode Capital Management LLC increased its stake in Enpro by 1.1% in the third quarter. Geode Capital Management LLC now owns 484,216 shares of the industrial products company's stock valued at $78,545,000 after purchasing an additional 5,502 shares during the last quarter. Congress Asset Management Co. raised its holdings in Enpro by 1.5% during the fourth quarter. Congress Asset Management Co. now owns 313,759 shares of the industrial products company's stock worth $54,108,000 after purchasing an additional 4,717 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Enpro by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 254,907 shares of the industrial products company's stock valued at $43,959,000 after acquiring an additional 5,742 shares during the last quarter. Institutional investors and hedge funds own 98.31% of the company's stock.

Enpro Stock Performance

NYSE:NPO traded up $4.18 during midday trading on Tuesday, reaching $141.56. The stock had a trading volume of 16,869 shares, compared to its average volume of 124,729. The stock has a market cap of $2.98 billion, a P/E ratio of 40.91 and a beta of 1.46. The firm has a fifty day simple moving average of $169.82 and a two-hundred day simple moving average of $171.55. 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 Inc. has a 12-month low of $133.50 and a 12-month high of $214.58.

Enpro (NYSE:NPO - Get Free Report) last issued 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 company had revenue of $258.40 million for the quarter, compared to analyst estimates of $250.10 million. During the same period in the previous year, the firm earned $1.19 EPS. The business's revenue was up 3.7% on a year-over-year basis. On average, equities analysts expect that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.31 per share. This is an increase from Enpro's previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend was Wednesday, March 5th. Enpro's dividend payout ratio (DPR) is 35.84%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, CAO Steven R. Bower sold 997 shares of Enpro stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $199.66, for a total transaction of $199,061.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.60% of the company's stock.

Enpro Company 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.