Enpro Inc. (NYSE:NPO) Stake Lifted by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in Enpro Inc. (NYSE:NPO - Free Report) by 4.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 106,271 shares of the industrial products company's stock after buying an additional 4,123 shares during the period. JPMorgan Chase & Co. owned approximately 0.51% of Enpro worth $17,235,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in Enpro by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,242,464 shares of the industrial products company's stock valued at $180,865,000 after purchasing an additional 7,992 shares during the last quarter. FMR LLC boosted its stake in shares of Enpro by 0.9% during the 3rd quarter. FMR LLC now owns 1,241,736 shares of the industrial products company's stock valued at $201,385,000 after buying an additional 11,643 shares during the last quarter. State Street Corp grew its position in shares of Enpro by 1.1% during the third quarter. State Street Corp now owns 807,572 shares of the industrial products company's stock worth $130,972,000 after buying an additional 9,127 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Enpro by 1.1% in the third quarter. Geode Capital Management LLC now owns 484,216 shares of the industrial products company's stock worth $78,545,000 after buying an additional 5,502 shares during the last quarter. Finally, Congress Asset Management Co. increased its stake in shares of Enpro by 4.2% in the third quarter. Congress Asset Management Co. now owns 309,042 shares of the industrial products company's stock worth $50,120,000 after buying an additional 12,316 shares during the last quarter. 98.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Enpro Stock Performance

Shares of NYSE:NPO traded down $3.71 on Friday, reaching $160.97. 135,358 shares of the company's stock were exchanged, compared to its average volume of 89,826. Enpro Inc. has a fifty-two week low of $136.68 and a fifty-two week high of $197.94. The business's 50-day moving average is $176.02 and its two-hundred day moving average is $162.18. The company has a quick ratio of 2.00, a current ratio of 2.76 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $3.38 billion, a price-to-earnings ratio of 62.63 and a beta of 1.50.

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

Enpro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, December 4th. This represents a $1.20 dividend on an annualized basis and a yield of 0.75%. Enpro's payout ratio is currently 46.69%.

Insiders Place Their Bets

In related news, CAO Steven R. Bower sold 300 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $162.50, for a total value of $48,750.00. Following the completion of the transaction, the chief accounting officer now directly owns 130 shares of the company's stock, valued at $21,125. This represents a 69.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.70% of the stock is owned by corporate insiders.

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.