Legacy Capital Wealth Partners LLC trimmed its position in shares of Enpro Inc. (NYSE:NPO - Free Report) by 51.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,253 shares of the industrial products company's stock after selling 1,342 shares during the period. Legacy Capital Wealth Partners LLC's holdings in Enpro were worth $216,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. increased its holdings in shares of Enpro by 357.4% during the 3rd quarter. Blue Trust Inc. now owns 526 shares of the industrial products company's stock worth $85,000 after buying an additional 411 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Enpro during the 3rd quarter worth $99,000. KBC Group NV increased its holdings in shares of Enpro by 24.3% during the 3rd quarter. KBC Group NV now owns 664 shares of the industrial products company's stock worth $108,000 after buying an additional 130 shares during the last quarter. Vista Finance LLC acquired a new stake in shares of Enpro during the 4th quarter worth $204,000. Finally, Pacer Advisors Inc. increased its holdings in shares of Enpro by 55.4% during the 4th quarter. Pacer Advisors Inc. now owns 1,212 shares of the industrial products company's stock worth $209,000 after buying an additional 432 shares during the last quarter. 98.31% of the stock is currently owned by institutional investors and hedge funds.
Enpro Stock Down 3.1 %
Enpro stock traded down $6.44 during trading on Friday, reaching $200.44. 163,903 shares of the company's stock were exchanged, compared to its average volume of 107,003. The company's 50-day moving average is $179.86 and its two-hundred day moving average is $168.28. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.00 and a current ratio of 2.59. Enpro Inc. has a 52-week low of $136.68 and a 52-week high of $214.58. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of 57.93 and a beta of 1.49.
Enpro (NYSE:NPO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $1.57 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.10. The company had revenue of $258.40 million during the quarter, compared to analysts' expectations of $250.10 million. Enpro had a net margin of 6.95% and a return on equity of 10.25%. The firm's revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.19 EPS. On average, analysts predict that Enpro Inc. will post 7.38 earnings per share for the current year.
Enpro Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.31 per share. This is a boost from Enpro's previous quarterly dividend of $0.30. The ex-dividend date is Wednesday, March 5th. This represents a $1.24 annualized dividend and a dividend yield of 0.62%. Enpro's dividend payout ratio (DPR) is presently 34.68%.
Wall Street Analyst Weigh In
A number of research firms have recently commented on NPO. Oppenheimer upped their price objective on Enpro from $170.00 to $215.00 and gave the stock an "outperform" rating in a report on Monday, December 16th. KeyCorp upped their price target on shares of Enpro from $180.00 to $220.00 and gave the stock an "overweight" rating in a research report on Thursday, December 12th. Finally, StockNews.com cut shares of Enpro from a "buy" rating to a "hold" rating in a research report on Wednesday, December 18th.
Read Our Latest Stock Report on Enpro
About Enpro
(
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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