Geode Capital Management LLC Raises Stake in Enpro Inc. (NYSE:NPO)

Geode Capital Management LLC increased its position in shares of Enpro Inc. (NYSE:NPO - Free Report) by 1.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 484,216 shares of the industrial products company's stock after buying an additional 5,502 shares during the period. Geode Capital Management LLC owned 2.31% of Enpro worth $78,545,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of Montreal Can grew its position in shares of Enpro by 3.2% during the 2nd quarter. Bank of Montreal Can now owns 2,595 shares of the industrial products company's stock worth $395,000 after buying an additional 80 shares during the period. Louisiana State Employees Retirement System grew its holdings in Enpro by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 10,500 shares of the industrial products company's stock worth $1,528,000 after purchasing an additional 100 shares during the period. Creative Planning grew its holdings in Enpro by 3.1% in the second quarter. Creative Planning now owns 3,501 shares of the industrial products company's stock worth $510,000 after purchasing an additional 106 shares during the period. Inspire Investing LLC increased its stake in Enpro by 5.1% in the third quarter. Inspire Investing LLC now owns 2,552 shares of the industrial products company's stock valued at $414,000 after purchasing an additional 124 shares in the last quarter. Finally, KBC Group NV raised its holdings in shares of Enpro by 24.3% during the third quarter. KBC Group NV now owns 664 shares of the industrial products company's stock valued at $108,000 after purchasing an additional 130 shares during the period. Institutional investors and hedge funds own 98.31% of the company's stock.

Enpro Stock Down 1.2 %

Shares of NPO traded down $2.18 on Friday, reaching $173.22. The company's stock had a trading volume of 303,756 shares, compared to its average volume of 101,359. Enpro Inc. has a twelve month low of $136.68 and a twelve month high of $197.94. The stock has a market capitalization of $3.64 billion, a PE ratio of 67.40 and a beta of 1.49. The company has a current ratio of 2.76, a quick ratio of 2.00 and a debt-to-equity ratio of 0.43. The firm has a fifty day moving average of $170.67 and a 200-day moving average of $160.03.

Enpro (NYSE:NPO - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.74 EPS for the quarter, missing the consensus estimate of $1.87 by ($0.13). The company had revenue of $260.90 million during the quarter, compared to analysts' expectations of $264.47 million. Enpro had a return on equity of 9.71% and a net margin of 5.20%. The business's revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the company earned $1.58 earnings per share. Equities analysts predict that Enpro Inc. will post 6.89 EPS for the current year.

Enpro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend was Wednesday, December 4th. Enpro's dividend payout ratio is 46.69%.

Analysts Set New Price Targets

NPO has been the subject of a number of research analyst reports. StockNews.com lowered Enpro from a "buy" rating to a "hold" rating in a research report on Wednesday. Oppenheimer boosted their price objective on Enpro from $170.00 to $215.00 and gave the company an "outperform" rating in a report on Monday, December 16th. Finally, KeyCorp upped their target price on Enpro from $180.00 to $220.00 and gave the stock an "overweight" rating in a research report on Thursday, December 12th.

Insider Transactions at Enpro

In other Enpro news, CAO Steven R. Bower sold 300 shares of Enpro stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $162.50, for a total transaction of $48,750.00. Following the transaction, the chief accounting officer now owns 130 shares of the company's stock, valued at $21,125. This trade represents a 69.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company 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.