LPL Financial LLC Boosts Position in Enpro Inc. (NYSE:NPO)

LPL Financial LLC increased its stake in shares of Enpro Inc. (NYSE:NPO - Free Report) by 19.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,391 shares of the industrial products company's stock after buying an additional 3,139 shares during the quarter. LPL Financial LLC owned about 0.09% of Enpro worth $3,357,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Verition Fund Management LLC acquired a new position in Enpro in the third quarter valued at approximately $222,000. HighTower Advisors LLC raised its position in Enpro by 7.6% in the third quarter. HighTower Advisors LLC now owns 3,411 shares of the industrial products company's stock valued at $553,000 after purchasing an additional 242 shares during the period. Stifel Financial Corp lifted its stake in shares of Enpro by 10.6% in the 3rd quarter. Stifel Financial Corp now owns 10,414 shares of the industrial products company's stock valued at $1,689,000 after purchasing an additional 995 shares during the last quarter. State Street Corp grew its holdings in shares of Enpro by 1.1% during the 3rd quarter. State Street Corp now owns 807,572 shares of the industrial products company's stock worth $130,972,000 after purchasing an additional 9,127 shares during the period. Finally, Barclays PLC increased its position in shares of Enpro by 115.6% during the 3rd quarter. Barclays PLC now owns 60,694 shares of the industrial products company's stock worth $9,845,000 after purchasing an additional 32,544 shares during the last quarter. Institutional investors and hedge funds own 98.31% of the company's stock.

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Enpro Trading Up 0.6 %

NYSE NPO traded up $0.88 during trading on Tuesday, hitting $147.35. The stock had a trading volume of 110,006 shares, compared to its average volume of 109,051. The company has a market capitalization of $3.10 billion, a PE ratio of 42.59 and a beta of 1.46. Enpro Inc. has a twelve month low of $133.50 and a twelve month high of $214.58. 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 firm has a 50 day moving average price of $174.46 and a 200 day moving average price of $172.08.

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, topping the consensus estimate of $1.47 by $0.10. The firm had revenue of $258.40 million for the quarter, compared to the consensus estimate 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 firm earned $1.19 EPS. As a group, equities research analysts forecast that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors 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 yield of 0.84%. Enpro's dividend payout ratio (DPR) is 35.84%.

Insider Buying and Selling

In other Enpro news, CAO Steven R. Bower sold 997 shares of the stock in a transaction dated 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 SEC, which is available at this link. 1.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

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.