Neuberger Berman Group LLC Has $92.72 Million Stock Holdings in Enpro Inc. (NYSE:NPO)

Neuberger Berman Group LLC grew its holdings in Enpro Inc. (NYSE:NPO - Free Report) by 23.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 537,660 shares of the industrial products company's stock after acquiring an additional 101,257 shares during the quarter. Neuberger Berman Group LLC owned 2.56% of Enpro worth $92,719,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Pitcairn Co. raised its holdings in Enpro by 2.0% during the 4th quarter. Pitcairn Co. now owns 3,913 shares of the industrial products company's stock worth $675,000 after buying an additional 78 shares during the period. Sanctuary Advisors LLC raised its holdings in shares of Enpro by 5.8% during the fourth quarter. Sanctuary Advisors LLC now owns 1,580 shares of the industrial products company's stock worth $295,000 after acquiring an additional 86 shares during the period. Heritage Family Offices LLP lifted its position in Enpro by 4.7% in the 4th quarter. Heritage Family Offices LLP now owns 1,934 shares of the industrial products company's stock valued at $334,000 after acquiring an additional 87 shares in the last quarter. Xponance Inc. boosted its stake in Enpro by 8.7% in the 4th quarter. Xponance Inc. now owns 1,494 shares of the industrial products company's stock worth $258,000 after purchasing an additional 119 shares during the period. Finally, HighTower Advisors LLC increased its holdings in Enpro by 3.9% during the 4th quarter. HighTower Advisors LLC now owns 3,545 shares of the industrial products company's stock worth $611,000 after purchasing an additional 134 shares in the last quarter. Institutional investors own 98.31% of the company's stock.

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Insider Transactions at Enpro

In related news, CAO Steven R. Bower sold 997 shares of Enpro stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $199.66, for a total transaction of $199,061.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is owned by company insiders.

Analyst Ratings Changes

NPO has been the topic of a number of research reports. KeyCorp cut their price target on Enpro from $230.00 to $190.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Oppenheimer boosted their target price on Enpro from $170.00 to $215.00 and gave the company an "outperform" rating in a research note on Monday, December 16th. Finally, StockNews.com cut shares of Enpro from a "buy" rating to a "hold" rating in a research note on Wednesday, December 18th.

Enpro Stock Up 0.9 %

Shares of Enpro stock traded up $1.31 during trading hours on Tuesday, reaching $147.78. 37,034 shares of the company's stock were exchanged, compared to its average volume of 108,768. The company has a current ratio of 2.59, a quick ratio of 2.00 and a debt-to-equity ratio of 0.44. The company has a 50 day moving average of $174.46 and a two-hundred day moving average of $172.08. The stock has a market cap of $3.11 billion, a P/E ratio of 42.71 and a beta of 1.46. Enpro Inc. has a fifty-two week low of $133.50 and a fifty-two week 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 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 analyst estimates of $250.10 million. Enpro had a return on equity of 10.25% and a net margin of 6.95%. The business's quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.19 EPS. On average, sell-side analysts forecast that Enpro Inc. will post 7.38 EPS for the current fiscal 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 given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date was Wednesday, March 5th. This is an increase from Enpro's previous quarterly dividend of $0.30. Enpro's dividend payout ratio (DPR) 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.