Enpro Inc. (NYSE:NPO) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its stake in Enpro Inc. (NYSE:NPO - Free Report) by 9.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,971 shares of the industrial products company's stock after selling 3,357 shares during the period. New York State Teachers Retirement System owned approximately 0.15% of Enpro worth $5,341,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of NPO. Blue Trust Inc. boosted its position in shares of Enpro by 357.4% in the third 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 period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Enpro in the third quarter worth about $99,000. KBC Group NV boosted its position in shares of Enpro by 24.3% in the third 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 period. OLD National Bancorp IN purchased a new position in Enpro in the third quarter valued at about $200,000. Finally, Pacer Advisors Inc. boosted its holdings in Enpro by 55.4% in the fourth quarter. Pacer Advisors Inc. now owns 1,212 shares of the industrial products company's stock valued at $209,000 after purchasing an additional 432 shares during the last quarter. Hedge funds and other institutional investors own 98.31% of the company's stock.

Enpro Stock Performance

NYSE:NPO traded down $6.44 during trading hours on Friday, reaching $200.44. 163,903 shares of the stock were exchanged, compared to its average volume of 107,003. 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 simple moving average of $179.64 and a 200-day simple moving average of $167.91. Enpro Inc. has a 52 week low of $136.68 and a 52 week high of $214.58. The stock has a market capitalization of $4.21 billion, a P/E ratio of 57.93 and a beta of 1.49.

Enpro (NYSE:NPO - Get Free Report) last released its earnings results on Wednesday, February 19th. The industrial products company reported $1.57 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $250.10 million. During the same quarter last year, the business posted $1.19 EPS. Enpro's quarterly revenue was up 3.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Enpro Inc. will post 7.38 earnings per share for the current fiscal year.

Enpro Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Wednesday, March 5th. This is an increase from Enpro's previous quarterly dividend of $0.30. Enpro's dividend payout ratio (DPR) is currently 34.68%.

Analysts Set New Price Targets

A number of brokerages recently commented on NPO. Oppenheimer increased 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. StockNews.com downgraded Enpro from a "buy" rating to a "hold" rating in a report on Wednesday, December 18th. Finally, KeyCorp increased their price target on Enpro from $180.00 to $220.00 and gave the company an "overweight" rating in a report on Thursday, December 12th.

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.