State Street Corp Grows Stock Position in Enpro Inc. (NYSE:NPO)

State Street Corp lifted its position in Enpro Inc. (NYSE:NPO - Free Report) by 1.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 807,572 shares of the industrial products company's stock after purchasing an additional 9,127 shares during the quarter. State Street Corp owned about 3.85% of Enpro worth $130,972,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Stifel Financial Corp boosted its holdings in Enpro by 10.6% in the 3rd quarter. Stifel Financial Corp now owns 10,414 shares of the industrial products company's stock worth $1,689,000 after buying an additional 995 shares during the last quarter. Harvey Partners LLC boosted its stake in shares of Enpro by 1.9% in the third quarter. Harvey Partners LLC now owns 212,500 shares of the industrial products company's stock worth $34,463,000 after acquiring an additional 4,000 shares during the last quarter. HighTower Advisors LLC increased its position in shares of Enpro by 7.6% during the third quarter. HighTower Advisors LLC now owns 3,411 shares of the industrial products company's stock worth $553,000 after purchasing an additional 242 shares in the last quarter. Verition Fund Management LLC acquired a new position in Enpro in the 3rd quarter valued at $222,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Enpro by 14.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,955 shares of the industrial products company's stock valued at $804,000 after purchasing an additional 616 shares in the last quarter. 98.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Enpro news, CAO Steven R. Bower sold 300 shares of the business's stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $162.50, for a total value of $48,750.00. Following the completion of the transaction, the chief accounting officer now owns 130 shares in the company, valued at $21,125. The trade was a 69.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NPO shares. KeyCorp upped their target price on shares of Enpro from $180.00 to $220.00 and gave the stock an "overweight" rating in a report on Thursday. StockNews.com raised shares of Enpro from a "hold" rating to a "buy" rating in a research note on Tuesday, December 10th.

Enpro Trading Down 0.8 %

NYSE NPO traded down $1.45 on Friday, reaching $189.31. 93,663 shares of the company were exchanged, compared to its average volume of 100,116. Enpro Inc. has a fifty-two week low of $136.68 and a fifty-two week high of $197.94. The stock has a market capitalization of $3.97 billion, a P/E ratio of 73.66 and a beta of 1.49. The business's fifty day moving average price is $168.67 and its 200 day moving average price is $159.02. The company has a current ratio of 2.76, a quick ratio of 2.00 and a debt-to-equity ratio of 0.43.

Enpro (NYSE:NPO - Get Free Report) last issued its earnings results on Tuesday, November 5th. The industrial products company reported $1.74 EPS for the quarter, missing analysts' consensus estimates of $1.87 by ($0.13). The firm had revenue of $260.90 million for the quarter, compared to analysts' expectations of $264.47 million. Enpro had a return on equity of 9.71% and a net margin of 5.20%. Enpro's revenue for the quarter was up 4.1% on a year-over-year basis. During the same period last year, the firm earned $1.58 earnings per share. Analysts forecast that Enpro Inc. will post 6.89 earnings per share for the current year.

Enpro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.63%. The ex-dividend date is Wednesday, December 4th. Enpro's dividend payout ratio (DPR) is presently 46.69%.

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.