Proficio Capital Partners LLC Acquires Shares of 13,796 Enpro Inc. (NYSE:NPO)

Proficio Capital Partners LLC purchased a new position in Enpro Inc. (NYSE:NPO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 13,796 shares of the industrial products company's stock, valued at approximately $2,379,000. Proficio Capital Partners LLC owned 0.07% of Enpro at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC grew its holdings in Enpro by 0.9% during the 3rd quarter. FMR LLC now owns 1,241,736 shares of the industrial products company's stock valued at $201,385,000 after buying an additional 11,643 shares during the last quarter. State Street Corp grew its holdings in Enpro by 1.1% during the 3rd quarter. State Street Corp now owns 807,572 shares of the industrial products company's stock valued at $130,972,000 after buying an additional 9,127 shares during the last quarter. Geode Capital Management LLC grew its holdings in Enpro by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 484,216 shares of the industrial products company's stock valued at $78,545,000 after buying an additional 5,502 shares during the last quarter. Congress Asset Management Co. grew its holdings in Enpro by 1.5% during the 4th quarter. Congress Asset Management Co. now owns 313,759 shares of the industrial products company's stock valued at $54,108,000 after buying an additional 4,717 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Enpro by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 254,907 shares of the industrial products company's stock valued at $43,959,000 after buying an additional 5,742 shares during the last quarter. Institutional investors and hedge funds own 98.31% of the company's stock.

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Enpro Trading Down 1.2 %

Shares of NPO stock traded down $2.05 during mid-day trading on Friday, hitting $171.92. 237,435 shares of the company's stock were exchanged, compared to its average volume of 102,473. Enpro Inc. has a fifty-two week low of $136.68 and a fifty-two week high of $214.58. The stock has a 50-day simple moving average of $182.11 and a two-hundred day simple moving average of $171.62. 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 stock has a market cap of $3.64 billion, a price-to-earnings ratio of 49.69 and a beta of 1.52.

Enpro (NYSE:NPO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.10. Enpro had a return on equity of 10.25% and a net margin of 6.95%. The business had revenue of $258.40 million for the quarter, compared to analysts' expectations of $250.10 million. During the same quarter last year, the firm earned $1.19 earnings per share. The business's revenue was up 3.7% on a year-over-year basis. Equities analysts expect that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were given a $0.31 dividend. This is a positive change from Enpro's previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend was Wednesday, March 5th. Enpro's dividend payout ratio (DPR) is 35.84%.

Analysts Set New Price Targets

A number of brokerages have commented on NPO. KeyCorp increased their target price on Enpro from $180.00 to $220.00 and gave the company an "overweight" rating in a report on Thursday, December 12th. StockNews.com cut Enpro from a "buy" rating to a "hold" rating in a report on Wednesday, December 18th. Finally, Oppenheimer increased their target price on Enpro from $170.00 to $215.00 and gave the company an "outperform" rating in a report on Monday, December 16th.

Insider Buying and Selling

In related news, CAO Steven R. Bower sold 997 shares of the 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.60% of the company's stock.

Enpro 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.