Leeward Investments LLC MA Sells 9,196 Shares of Enpro Inc. (NYSE:NPO)

Leeward Investments LLC MA trimmed its position in Enpro Inc. (NYSE:NPO - Free Report) by 6.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,605 shares of the industrial products company's stock after selling 9,196 shares during the period. Enpro makes up about 1.1% of Leeward Investments LLC MA's holdings, making the stock its 25th biggest position. Leeward Investments LLC MA owned approximately 0.59% of Enpro worth $21,316,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Synovus Financial Corp increased its position in shares of Enpro by 102.7% in the third quarter. Synovus Financial Corp now owns 13,972 shares of the industrial products company's stock valued at $2,266,000 after buying an additional 7,078 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Enpro by 4.0% in the third quarter. JPMorgan Chase & Co. now owns 106,271 shares of the industrial products company's stock valued at $17,235,000 after purchasing an additional 4,123 shares during the period. Belmont Capital LLC acquired a new stake in shares of Enpro during the 3rd quarter worth $565,000. Stifel Financial Corp increased its position in Enpro by 10.6% during the 3rd quarter. Stifel Financial Corp now owns 10,414 shares of the industrial products company's stock worth $1,689,000 after purchasing an additional 995 shares in the last quarter. Finally, Harvey Partners LLC raised its holdings in shares of Enpro by 1.9% during the 3rd quarter. Harvey Partners LLC now owns 212,500 shares of the industrial products company's stock valued at $34,463,000 after buying an additional 4,000 shares during the period. Hedge funds and other institutional investors own 98.31% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

NPO has been the subject of a number of recent analyst reports. StockNews.com downgraded shares of Enpro from a "buy" rating to a "hold" rating in a research report on Wednesday, December 18th. KeyCorp increased their target price on Enpro from $180.00 to $220.00 and gave the stock an "overweight" rating in a research report on Thursday, December 12th. Finally, Oppenheimer lifted their price target on Enpro from $170.00 to $215.00 and gave the company an "outperform" rating in a report on Monday, December 16th.

Insider Activity at Enpro

In other news, CAO Steven R. Bower sold 997 shares of Enpro stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $199.66, for a total value of $199,061.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.60% of the stock is currently owned by insiders.

Enpro Stock Down 2.4 %

Shares of Enpro stock traded down $4.89 during midday trading on Wednesday, hitting $194.89. The company's stock had a trading volume of 140,685 shares, compared to its average volume of 108,546. Enpro Inc. has a 1-year low of $136.68 and a 1-year high of $214.58. The firm has a market capitalization of $4.09 billion, a P/E ratio of 56.33 and a beta of 1.49. 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 50-day simple moving average of $180.25 and a 200-day simple moving average of $169.23.

Enpro (NYSE:NPO - Get Free Report) last announced 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. Enpro had a return on equity of 10.25% and a net margin of 6.95%. The business had revenue of $258.40 million during the quarter, compared to analyst estimates of $250.10 million. During the same period in the previous year, the company earned $1.19 EPS. The firm's revenue was up 3.7% on a year-over-year basis. As a group, sell-side analysts expect that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 0.64%. The ex-dividend date is Wednesday, March 5th. This is a positive change from Enpro's previous quarterly dividend of $0.30. Enpro's payout ratio is 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.