Raymond James Financial Inc. Acquires Shares of 64,173 Enpro Inc. (NYSE:NPO)

Raymond James Financial Inc. bought a new stake in Enpro Inc. (NYSE:NPO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 64,173 shares of the industrial products company's stock, valued at approximately $11,067,000. Raymond James Financial Inc. owned about 0.31% of Enpro as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of NPO. Wilmington Savings Fund Society FSB acquired a new stake in shares of Enpro in the third quarter valued at about $99,000. Smartleaf Asset Management LLC raised its stake in shares of Enpro by 386.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 647 shares of the industrial products company's stock worth $111,000 after purchasing an additional 514 shares in the last quarter. KBC Group NV raised 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 purchasing an additional 130 shares in the last quarter. Vista Finance LLC acquired a new stake in shares of Enpro in the 4th quarter valued at approximately $204,000. Finally, Pacer Advisors Inc. grew its stake in shares of 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 buying an additional 432 shares in the last quarter. Institutional investors and hedge funds own 98.31% of the company's stock.

Wall Street Analysts Forecast Growth

NPO has been the topic of several analyst reports. KeyCorp upped their price target on shares of Enpro from $180.00 to $220.00 and gave the stock an "overweight" rating in a research report on Thursday, December 12th. StockNews.com cut shares of Enpro from a "buy" rating to a "hold" rating in a report on Wednesday, December 18th. Finally, Oppenheimer lifted their price target on Enpro from $170.00 to $215.00 and gave the stock an "outperform" rating in a report on Monday, December 16th.

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Insider Activity

In related news, CAO Steven R. Bower sold 997 shares of the business's 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is owned by company insiders.

Enpro Stock Performance

Enpro stock traded up $7.52 during mid-day trading on Monday, hitting $179.78. 76,311 shares of the company's stock traded hands, compared to its average volume of 102,520. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.59 and a quick ratio of 2.00. The firm has a 50 day simple moving average of $182.11 and a two-hundred day simple moving average of $171.93. Enpro Inc. has a fifty-two week low of $136.68 and a fifty-two week high of $214.58. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of 51.96 and a beta of 1.52.

Enpro (NYSE:NPO - Get Free Report) last posted its earnings results on Wednesday, February 19th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.47 by $0.10. Enpro had a net margin of 6.95% and a return on equity of 10.25%. The company had revenue of $258.40 million during the quarter, compared to analysts' expectations of $250.10 million. During the same quarter last year, the company posted $1.19 EPS. Enpro's quarterly revenue was up 3.7% compared to the same quarter last year. On average, research 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. Stockholders of record on Wednesday, March 5th were given a $0.31 dividend. This is an increase from Enpro's previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, March 5th. This represents a $1.24 annualized dividend and a dividend yield of 0.69%. Enpro's dividend payout ratio is presently 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.