Handelsbanken Fonder AB Increases Stake in Enpro Inc. (NYSE:NPO)

Handelsbanken Fonder AB grew its stake in shares of Enpro Inc. (NYSE:NPO - Free Report) by 30.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,000 shares of the industrial products company's stock after acquiring an additional 1,400 shares during the quarter. Handelsbanken Fonder AB's holdings in Enpro were worth $1,035,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in NPO. Wilmington Savings Fund Society FSB purchased a new position in shares of Enpro in the third quarter worth approximately $99,000. KBC Group NV grew its position in shares of Enpro by 24.3% during the 3rd quarter. KBC Group NV now owns 664 shares of the industrial products company's stock valued at $108,000 after acquiring an additional 130 shares during the period. Vista Finance LLC purchased a new stake in shares of Enpro in the 4th quarter worth $204,000. Pacer Advisors Inc. raised its holdings in Enpro by 55.4% in the 4th quarter. Pacer Advisors Inc. now owns 1,212 shares of the industrial products company's stock worth $209,000 after purchasing an additional 432 shares during the period. Finally, Verition Fund Management LLC purchased a new position in Enpro during the third quarter valued at $222,000. 98.31% of the stock is currently owned by institutional investors.

Enpro Price Performance

Shares of NYSE NPO traded down $3.79 during mid-day trading on Monday, reaching $178.29. The company's stock had a trading volume of 117,194 shares, compared to its average volume of 112,042. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.59 and a quick ratio of 2.00. Enpro Inc. has a 52 week low of $136.68 and a 52 week high of $214.58. The stock has a fifty day moving average of $181.02 and a two-hundred day moving average of $170.03. The firm has a market capitalization of $3.78 billion, a PE ratio of 51.53 and a beta of 1.49.

Enpro (NYSE:NPO - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.47 by $0.10. The business had revenue of $258.40 million during the quarter, compared to the consensus estimate of $250.10 million. Enpro had a net margin of 6.95% and a return on equity of 10.25%. The business's revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.19 EPS. As a group, sell-side analysts anticipate that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. 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 0.70%. Enpro's dividend payout ratio (DPR) is 35.84%.

Insider Buying and Selling

In other Enpro news, CAO Steven R. Bower sold 997 shares of Enpro stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

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.