Enpro Inc. (NYSE:NPO) Shares Sold by Paradice Investment Management LLC

Paradice Investment Management LLC reduced its holdings in shares of Enpro Inc. (NYSE:NPO - Free Report) by 72.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,478 shares of the industrial products company's stock after selling 76,477 shares during the quarter. Enpro accounts for 1.0% of Paradice Investment Management LLC's portfolio, making the stock its 22nd biggest holding. Paradice Investment Management LLC owned about 0.14% of Enpro worth $5,083,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC increased its position in Enpro by 0.9% during the third quarter. FMR LLC now owns 1,241,736 shares of the industrial products company's stock valued at $201,385,000 after acquiring an additional 11,643 shares during the last quarter. State Street Corp grew its position in shares of Enpro by 1.1% during the third 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 in the last quarter. Geode Capital Management LLC grew its position in shares of Enpro by 1.1% during the third quarter. Geode Capital Management LLC now owns 484,216 shares of the industrial products company's stock worth $78,545,000 after purchasing an additional 5,502 shares in the last quarter. Congress Asset Management Co. grew its position in shares of Enpro by 1.5% during the fourth quarter. Congress Asset Management Co. now owns 313,759 shares of the industrial products company's stock worth $54,108,000 after purchasing an additional 4,717 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Enpro by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 249,165 shares of the industrial products company's stock worth $40,410,000 after purchasing an additional 3,218 shares in the last quarter. 98.31% of the stock is owned by institutional investors.

Enpro Trading Down 3.1 %

Shares of NYSE:NPO traded down $6.44 during trading on Friday, hitting $200.44. The company had a trading volume of 163,903 shares, compared to its average volume of 107,003. The stock has a market cap of $4.21 billion, a price-to-earnings ratio of 57.93 and a beta of 1.49. Enpro Inc. has a one year low of $136.68 and a one year high of $214.58. The company has a fifty day simple moving average of $179.86 and a two-hundred day simple moving average of $168.28. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.59 and a quick ratio of 2.00.

Enpro (NYSE:NPO - Get Free Report) last issued 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 the consensus estimate of $250.10 million. Enpro had a return on equity of 10.25% and a net margin of 6.95%. The company's revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.19 earnings per share. As a group, equities analysts forecast that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be given a $0.31 dividend. This is a boost from Enpro's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.24 dividend on an annualized basis 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 equities analysts recently commented on NPO shares. Oppenheimer increased their price target on Enpro from $170.00 to $215.00 and gave the company an "outperform" rating in a research note on Monday, December 16th. StockNews.com lowered Enpro from a "buy" rating to a "hold" rating in a research note on Wednesday, December 18th. Finally, KeyCorp raised their price objective on Enpro from $180.00 to $220.00 and gave the company an "overweight" rating in a research note 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.