Inceptionr LLC Makes New Investment in Enpro Inc. (NYSE:NPO)

Inceptionr LLC acquired a new stake in shares of Enpro Inc. (NYSE:NPO - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,843 shares of the industrial products company's stock, valued at approximately $318,000.

Several other institutional investors and hedge funds have also modified their holdings of NPO. Atria Investments Inc lifted its stake in shares of Enpro by 13.1% during the third quarter. Atria Investments Inc now owns 5,539 shares of the industrial products company's stock valued at $898,000 after buying an additional 640 shares during the period. Legacy Capital Wealth Partners LLC purchased a new position in Enpro during the third quarter worth approximately $421,000. Crossmark Global Holdings Inc. raised its stake in Enpro by 24.3% during the third quarter. Crossmark Global Holdings Inc. now owns 1,726 shares of the industrial products company's stock worth $279,000 after purchasing an additional 337 shares during the period. KBC Group NV raised its stake in Enpro by 24.3% during the third quarter. KBC Group NV now owns 664 shares of the industrial products company's stock worth $108,000 after purchasing an additional 130 shares during the period. Finally, Zions Bancorporation N.A. raised its stake in Enpro by 19.4% during the third quarter. Zions Bancorporation N.A. now owns 11,500 shares of the industrial products company's stock worth $1,865,000 after purchasing an additional 1,865 shares during the period. Hedge funds and other institutional investors own 98.31% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NPO. Oppenheimer increased their price target on shares of Enpro from $170.00 to $215.00 and gave the stock an "outperform" rating in a research note on Monday, December 16th. StockNews.com downgraded shares of Enpro from a "buy" rating to a "hold" rating in a research note on Wednesday, December 18th. Finally, KeyCorp increased their price target on shares of Enpro from $180.00 to $220.00 and gave the stock an "overweight" rating in a research note on Thursday, December 12th.

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Insider Activity at Enpro

In related news, CAO Steven R. Bower sold 997 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $199.66, for a total transaction of $199,061.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.70% of the company's stock.

Enpro Trading Up 0.4 %

Shares of Enpro stock traded up $0.70 during trading hours on Wednesday, hitting $170.85. The company's stock had a trading volume of 158,719 shares, compared to its average volume of 113,884. Enpro Inc. has a 1-year low of $136.68 and a 1-year high of $214.58. The business has a fifty day moving average of $181.20 and a 200 day moving average of $171.01. The company has a market capitalization of $3.62 billion, a PE ratio of 49.38 and a beta of 1.52. 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 (NYSE:NPO - Get Free Report) last released its quarterly earnings data 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. During the same quarter in the prior year, the business earned $1.19 earnings per share. The business's quarterly revenue was up 3.7% compared to the same quarter last year. As a group, equities analysts forecast that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 0.73%. This is a positive change from Enpro's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Wednesday, March 5th. Enpro's dividend payout ratio (DPR) is presently 35.84%.

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.