Kennedy Capital Management LLC Trims Stock Position in Enpro Inc. (NYSE:NPO)

Kennedy Capital Management LLC decreased its position in Enpro Inc. (NYSE:NPO - Free Report) by 58.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,697 shares of the industrial products company's stock after selling 30,432 shares during the period. Kennedy Capital Management LLC owned 0.10% of Enpro worth $3,742,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of NPO. State Street Corp increased its holdings in Enpro by 1.1% during the third quarter. State Street Corp now owns 807,572 shares of the industrial products company's stock valued at $130,972,000 after buying an additional 9,127 shares during the period. Invesco Ltd. increased its holdings in shares of Enpro by 1.1% in the 4th quarter. Invesco Ltd. now owns 717,456 shares of the industrial products company's stock valued at $123,725,000 after acquiring an additional 7,911 shares during the period. Neuberger Berman Group LLC raised its position in shares of Enpro by 23.2% in the 4th quarter. Neuberger Berman Group LLC now owns 537,660 shares of the industrial products company's stock worth $92,719,000 after acquiring an additional 101,257 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Enpro by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 484,216 shares of the industrial products company's stock worth $78,545,000 after purchasing an additional 5,502 shares during the last quarter. Finally, Congress Asset Management Co. boosted its position in Enpro by 1.5% during the fourth quarter. Congress Asset Management Co. now owns 313,759 shares of the industrial products company's stock valued at $54,108,000 after purchasing an additional 4,717 shares in the last quarter. Institutional investors own 98.31% of the company's stock.

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Analysts Set New Price Targets

NPO has been the subject of several recent analyst reports. Oppenheimer boosted their price objective 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. KeyCorp reduced their price target on Enpro from $230.00 to $190.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, StockNews.com cut Enpro from a "buy" rating to a "hold" rating in a research report on Wednesday, December 18th.

Insider Buying and Selling

In other Enpro news, CAO Steven R. Bower sold 997 shares of the firm's stock in a transaction that occurred 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 can be accessed through this link. Corporate insiders own 1.60% of the company's stock.

Enpro Stock Up 0.6 %

Shares of NPO traded up $0.88 during mid-day trading on Tuesday, hitting $147.35. 110,006 shares of the company traded hands, compared to its average volume of 109,251. The business has a 50 day moving average of $173.60 and a 200 day moving average of $171.91. The company has a market capitalization of $3.10 billion, a PE ratio of 42.59 and a beta of 1.46. 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 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. Enpro had a net margin of 6.95% and a return on equity of 10.25%. The business had revenue of $258.40 million during the quarter, compared to analysts' expectations of $250.10 million. During the same quarter last year, the company posted $1.19 earnings per share. The business's quarterly revenue was up 3.7% on a year-over-year basis. Equities research analysts anticipate that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were issued a $0.31 dividend. 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. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.84%. Enpro's dividend payout ratio is currently 35.84%.

About Enpro

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.