Enpro Inc. (NYSE:NPO) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its position in shares of Enpro Inc. (NYSE:NPO - Free Report) by 28.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 136,617 shares of the industrial products company's stock after acquiring an additional 30,346 shares during the period. JPMorgan Chase & Co. owned 0.65% of Enpro worth $23,560,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. State Street Corp lifted its holdings in shares of Enpro by 1.1% in 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 lifted its stake in shares of Enpro by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 484,216 shares of the industrial products company's stock valued at $78,545,000 after purchasing an additional 5,502 shares during the last quarter. Congress Asset Management Co. lifted its position in Enpro by 1.5% in the fourth quarter. Congress Asset Management Co. now owns 313,759 shares of the industrial products company's stock worth $54,108,000 after buying an additional 4,717 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Enpro by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 254,907 shares of the industrial products company's stock worth $43,959,000 after purchasing an additional 5,742 shares during the period. Finally, Tributary Capital Management LLC boosted its position in shares of Enpro by 0.9% during the fourth quarter. Tributary Capital Management LLC now owns 185,309 shares of the industrial products company's stock valued at $31,957,000 after buying an additional 1,727 shares during the period. Hedge funds and other institutional investors own 98.31% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NPO. KeyCorp lowered their target price on shares of Enpro from $230.00 to $190.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. StockNews.com downgraded Enpro from a "buy" rating to a "hold" rating in a report on Wednesday, December 18th. Finally, Oppenheimer lifted their price objective on shares of Enpro from $170.00 to $215.00 and gave the stock an "outperform" rating in a research report on Monday, December 16th.

Enpro Stock Performance

Shares of NYSE NPO traded up $2.18 during midday trading on Tuesday, reaching $148.65. The company had a trading volume of 10,615 shares, compared to its average volume of 124,999. The stock has a market cap of $3.13 billion, a P/E ratio of 42.88 and a beta of 1.46. 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 business's 50-day simple moving average is $174.46 and its 200 day simple moving average is $172.08. Enpro Inc. has a 1 year low of $133.50 and a 1 year high of $214.58.

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

Enpro Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend was Wednesday, March 5th. This is a positive change from Enpro's previous quarterly dividend of $0.30. Enpro's dividend payout ratio is currently 35.84%.

Insider Transactions at Enpro

In other news, CAO Steven R. Bower sold 997 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $199.66, for a total transaction of $199,061.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.60% of the company's stock.

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.