Great Lakes Advisors LLC Decreases Stock Holdings in Enpro Inc. (NYSE:NPO)

Great Lakes Advisors LLC reduced its holdings in Enpro Inc. (NYSE:NPO - Free Report) by 7.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,856 shares of the industrial products company's stock after selling 2,576 shares during the quarter. Great Lakes Advisors LLC owned about 0.14% of Enpro worth $5,149,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in NPO. Synovus Financial Corp increased its stake in shares of Enpro by 102.7% in the 3rd quarter. Synovus Financial Corp now owns 13,972 shares of the industrial products company's stock valued at $2,266,000 after acquiring an additional 7,078 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Enpro by 4.0% in 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 period. Belmont Capital LLC bought a new stake in Enpro in the third quarter valued at $565,000. Stifel Financial Corp raised 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 valued at $1,689,000 after purchasing an additional 995 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of Enpro by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 101,873 shares of the industrial products company's stock worth $17,568,000 after purchasing an additional 2,949 shares in the last quarter. 98.31% of the stock is owned by institutional investors and hedge funds.

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Insiders Place Their Bets

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

Enpro Stock Up 1.3 %

Shares of NPO traded up $2.26 on Monday, reaching $177.92. The company's stock had a trading volume of 122,043 shares, compared to its average volume of 116,013. Enpro Inc. has a twelve month low of $136.68 and a twelve month high of $214.58. The stock has a market capitalization of $3.77 billion, a PE ratio of 51.42 and a beta of 1.52. The company has a current ratio of 2.59, a quick ratio of 2.00 and a debt-to-equity ratio of 0.44. The firm has a fifty day moving average of $181.27 and a 200-day moving average of $171.29.

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, topping analysts' consensus estimates of $1.47 by $0.10. Enpro had a return on equity of 10.25% and a net margin of 6.95%. The firm had revenue of $258.40 million during the quarter, compared to analyst estimates of $250.10 million. During the same period in the previous year, the company posted $1.19 EPS. The company's revenue for the quarter was up 3.7% on a year-over-year basis. Equities analysts predict that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders 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 is a boost from Enpro's previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a yield of 0.70%. Enpro's dividend payout ratio (DPR) is 35.84%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NPO. Oppenheimer boosted their target price on Enpro from $170.00 to $215.00 and gave the company an "outperform" rating in a research report on Monday, December 16th. KeyCorp boosted their price objective on Enpro from $180.00 to $220.00 and gave the company an "overweight" rating in a report on Thursday, December 12th. Finally, StockNews.com cut Enpro from a "buy" rating to a "hold" rating in a report on Wednesday, December 18th.

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.