New York State Common Retirement Fund Purchases 12,258 Shares of Enpro Inc. (NYSE:NPO)

New York State Common Retirement Fund lifted its position in shares of Enpro Inc. (NYSE:NPO - Free Report) by 112.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,202 shares of the industrial products company's stock after buying an additional 12,258 shares during the quarter. New York State Common Retirement Fund owned about 0.11% of Enpro worth $4,001,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new position in shares of Enpro during the 3rd quarter worth approximately $99,000. KBC Group NV grew its stake 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 acquiring an additional 130 shares during the period. Vista Finance LLC purchased a new position in Enpro in the 4th quarter valued at approximately $204,000. Pacer Advisors Inc. lifted its position in shares of Enpro by 55.4% during the fourth quarter. Pacer Advisors Inc. now owns 1,212 shares of the industrial products company's stock worth $209,000 after acquiring an additional 432 shares in the last quarter. Finally, Verition Fund Management LLC bought a new position in shares of Enpro in the third quarter worth $222,000. Institutional investors own 98.31% of the company's stock.

Enpro Trading Down 0.1 %

Shares of NPO traded down $0.17 during mid-day trading on Tuesday, reaching $177.91. The company's stock had a trading volume of 47,213 shares, compared to its average volume of 112,150. Enpro Inc. has a 52 week low of $136.68 and a 52 week high of $214.58. The stock has a market cap of $3.77 billion, a PE ratio of 51.42 and a beta of 1.49. The company's fifty day moving average price is $181.17 and its two-hundred day moving average price is $170.21. The company has a current ratio of 2.59, a quick ratio of 2.00 and a debt-to-equity ratio of 0.44.

Enpro (NYSE:NPO - Get Free Report) last released its earnings results 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. Enpro had a return on equity of 10.25% and a net margin of 6.95%. The company had revenue of $258.40 million during the quarter, compared to analyst estimates of $250.10 million. During the same quarter in the previous year, the company posted $1.19 EPS. Enpro's revenue for the quarter was up 3.7% on a year-over-year basis. On average, analysts predict that Enpro Inc. will post 7.38 earnings per share for the current fiscal year.

Enpro Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.24 annualized dividend and a yield of 0.70%. This is a boost from Enpro's previous quarterly dividend of $0.30. Enpro's payout ratio is 35.84%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. StockNews.com lowered Enpro from a "buy" rating to a "hold" rating in a report on Wednesday, December 18th. KeyCorp increased their price objective 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 upped their target price on Enpro from $170.00 to $215.00 and gave the stock an "outperform" rating in a research note on Monday, December 16th.

Insider Buying and Selling

In other news, CAO Steven R. Bower sold 997 shares of the company's stock in a transaction dated 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 filing with the SEC, which is available through this link. 1.60% of the stock is owned by insiders.

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.