Invesco Ltd. Has $123.73 Million Stock Position in Enpro Inc. (NYSE:NPO)

Invesco Ltd. increased its stake in shares of Enpro Inc. (NYSE:NPO - Free Report) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 717,456 shares of the industrial products company's stock after purchasing an additional 7,911 shares during the period. Invesco Ltd. owned approximately 3.42% of Enpro worth $123,725,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. OFI Invest Asset Management acquired a new position in shares of Enpro during the 4th quarter worth about $60,000. Wilmington Savings Fund Society FSB bought a new position in Enpro during the 3rd quarter worth approximately $99,000. Smartleaf Asset Management LLC boosted its stake in Enpro by 386.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 647 shares of the industrial products company's stock worth $111,000 after acquiring an additional 514 shares during the last quarter. KBC Group NV grew its holdings in Enpro by 34.2% during the fourth quarter. KBC Group NV now owns 891 shares of the industrial products company's stock valued at $154,000 after purchasing an additional 227 shares during the period. Finally, Vista Finance LLC bought a new stake in Enpro in the fourth quarter valued at approximately $204,000. Institutional investors own 98.31% of the company's stock.

Insider Activity at Enpro

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 transaction of $199,061.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is owned by insiders.

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Enpro Stock Down 2.0 %

Shares of Enpro stock traded down $3.01 on Wednesday, hitting $144.21. The company had a trading volume of 125,141 shares, compared to its average volume of 109,360. The stock has a 50-day moving average of $172.72 and a 200-day moving average of $171.72. 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 twelve month low of $133.50 and a twelve month high of $214.58. The firm has a market capitalization of $3.03 billion, a P/E ratio of 41.68 and a beta of 1.46.

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

Enpro Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date was Wednesday, March 5th. This is a positive change from Enpro's previous quarterly dividend of $0.30. Enpro's payout ratio is currently 35.84%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on NPO shares. KeyCorp reduced their price target on shares of Enpro from $230.00 to $190.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. StockNews.com cut 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.