Sei Investments Co. Boosts Holdings in Enpro Inc. (NYSE:NPO)

Sei Investments Co. raised its position in shares of Enpro Inc. (NYSE:NPO - Free Report) by 4.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,440 shares of the industrial products company's stock after acquiring an additional 1,788 shares during the quarter. Sei Investments Co. owned about 0.21% of Enpro worth $7,663,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Synovus Financial Corp lifted its stake in shares of Enpro by 102.7% in the 3rd quarter. Synovus Financial Corp now owns 13,972 shares of the industrial products company's stock valued at $2,266,000 after purchasing an additional 7,078 shares during the period. JPMorgan Chase & Co. increased its holdings in Enpro by 4.0% in the third quarter. JPMorgan Chase & Co. now owns 106,271 shares of the industrial products company's stock worth $17,235,000 after purchasing an additional 4,123 shares in the last quarter. Stifel Financial Corp lifted its stake in Enpro by 10.6% in the third quarter. Stifel Financial Corp now owns 10,414 shares of the industrial products company's stock valued at $1,689,000 after buying an additional 995 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Enpro by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 101,873 shares of the industrial products company's stock worth $17,568,000 after buying an additional 2,949 shares in the last quarter. Finally, Harvey Partners LLC grew its position in shares of Enpro by 1.9% during the 3rd quarter. Harvey Partners LLC now owns 212,500 shares of the industrial products company's stock worth $34,463,000 after buying an additional 4,000 shares during the period. Institutional investors own 98.31% of the company's stock.

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Insider Activity

In related news, CAO Steven R. Bower sold 997 shares of the business's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $199.66, for a total transaction of $199,061.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.60% of the company's stock.

Enpro Stock Down 9.7 %

NYSE NPO traded down $15.99 during mid-day trading on Thursday, hitting $148.93. The company's stock had a trading volume of 187,688 shares, compared to its average volume of 107,415. The firm has a market capitalization of $3.13 billion, a price-to-earnings ratio of 43.04 and a beta of 1.52. The company's 50 day simple moving average is $181.28 and its 200 day simple moving average is $172.84. The company has a current ratio of 2.59, a quick ratio of 2.00 and a debt-to-equity ratio of 0.44. Enpro Inc. has a twelve month low of $136.68 and a twelve month high of $214.58.

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 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 firm had revenue of $258.40 million during the quarter, compared to analysts' expectations of $250.10 million. During the same period last year, the company earned $1.19 earnings per share. The business's revenue was up 3.7% on a year-over-year basis. Analysts anticipate that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a $0.31 dividend. The ex-dividend date was Wednesday, March 5th. This is an increase from Enpro's previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a dividend yield of 0.83%. Enpro's dividend payout ratio is 35.84%.

Wall Street Analysts Forecast Growth

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

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.