Principal Financial Group Inc. Has $17.57 Million Holdings in Enpro Inc. (NYSE:NPO)

Principal Financial Group Inc. lifted its stake in Enpro Inc. (NYSE:NPO - Free Report) by 3.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 101,873 shares of the industrial products company's stock after buying an additional 2,949 shares during the period. Principal Financial Group Inc. owned about 0.49% of Enpro worth $17,568,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Blue Trust Inc. raised its holdings in shares of Enpro by 357.4% in the 3rd quarter. Blue Trust Inc. now owns 526 shares of the industrial products company's stock worth $85,000 after buying an additional 411 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Enpro in the 3rd quarter worth approximately $99,000. KBC Group NV raised its holdings in shares of Enpro by 24.3% in the 3rd quarter. KBC Group NV now owns 664 shares of the industrial products company's stock worth $108,000 after buying an additional 130 shares in the last quarter. Vista Finance LLC acquired a new position in shares of Enpro in the 4th quarter worth approximately $204,000. Finally, Pacer Advisors Inc. raised its holdings in shares of Enpro by 55.4% in the 4th quarter. Pacer Advisors Inc. now owns 1,212 shares of the industrial products company's stock worth $209,000 after buying an additional 432 shares in the last quarter. 98.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on NPO shares. Oppenheimer increased their target price on Enpro from $170.00 to $215.00 and gave the stock an "outperform" rating in a report on Monday, December 16th. StockNews.com downgraded Enpro from a "buy" rating to a "hold" rating in a research report on Wednesday, December 18th. Finally, KeyCorp lifted their price objective on Enpro from $180.00 to $220.00 and gave the company an "overweight" rating in a research report on Thursday, December 12th.

Insider Activity

In other news, CAO Steven R. Bower sold 997 shares of Enpro stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.60% of the company's stock.

Enpro Price Performance

NPO traded down $4.40 during trading on Friday, hitting $181.60. The company's stock had a trading volume of 245,883 shares, compared to its average volume of 112,923. The firm's 50 day moving average price is $181.02 and its two-hundred day moving average price is $169.77. The company has a quick ratio of 2.00, a current ratio of 2.59 and a debt-to-equity ratio of 0.44. Enpro Inc. has a 12 month low of $136.68 and a 12 month high of $214.58. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 52.49 and a beta of 1.49.

Enpro (NYSE:NPO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.10. The firm had revenue of $258.40 million during 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 business's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.19 EPS. 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. Stockholders of record on Wednesday, March 5th will be paid a $0.31 dividend. This is a boost from Enpro's previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Wednesday, March 5th. Enpro's dividend payout ratio (DPR) is 35.84%.

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.