KLP Kapitalforvaltning AS purchased a new position in shares of Enpro Inc. (NYSE:NPO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,100 shares of the industrial products company's stock, valued at approximately $707,000.
Other hedge funds have also recently added to or reduced their stakes in the company. OFI Invest Asset Management purchased a new position in shares of Enpro in the 4th quarter valued at about $60,000. Wilmington Savings Fund Society FSB acquired a new position in Enpro during the third quarter worth about $99,000. Smartleaf Asset Management LLC grew its position in Enpro by 386.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 647 shares of the industrial products company's stock worth $111,000 after buying an additional 514 shares during the period. KBC Group NV increased its holdings in Enpro by 34.2% in the fourth quarter. KBC Group NV now owns 891 shares of the industrial products company's stock valued at $154,000 after buying an additional 227 shares in the last quarter. Finally, Vista Finance LLC acquired a new stake in shares of Enpro during the 4th quarter valued at approximately $204,000. Institutional investors and hedge funds own 98.31% of the company's stock.
Enpro Price Performance
Shares of Enpro stock traded down $6.33 during trading on Friday, hitting $142.65. 211,136 shares of the company were exchanged, compared to its average volume of 107,634. The company has a quick ratio of 2.00, a current ratio of 2.59 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 41.23 and a beta of 1.46. Enpro Inc. has a fifty-two week low of $134.96 and a fifty-two week high of $214.58. The firm has a 50 day moving average price of $180.55 and a 200 day moving average price of $172.98.
Enpro (NYSE:NPO - Get Free Report) last announced its earnings results on Wednesday, February 19th. The industrial products company reported $1.57 earnings per share for the quarter, beating 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 firm had revenue of $258.40 million during the quarter, compared to the consensus estimate of $250.10 million. During the same quarter in the previous year, the company posted $1.19 EPS. The firm's revenue for the quarter was up 3.7% on a year-over-year basis. On average, equities analysts expect that Enpro Inc. will post 7.38 earnings per share for the current fiscal year.
Enpro Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were issued a $0.31 dividend. The ex-dividend date was Wednesday, March 5th. This is an increase from Enpro's previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a yield of 0.87%. Enpro's payout ratio is 35.84%.
Analyst Ratings Changes
NPO has been the subject of several research analyst reports. Oppenheimer raised their price objective on Enpro from $170.00 to $215.00 and gave the company an "outperform" rating in a research note on Monday, December 16th. StockNews.com downgraded Enpro from a "buy" rating to a "hold" rating in a research note on Wednesday, December 18th. Finally, KeyCorp increased their price objective on shares of Enpro from $180.00 to $220.00 and gave the company an "overweight" rating in a research note on Thursday, December 12th.
Get Our Latest Stock Report on NPO
Insiders Place Their Bets
In related news, CAO Steven R. Bower sold 997 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $199.66, for a total value of $199,061.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.60% of the company's stock.
Enpro Profile
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Free Report)
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.
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