Synovus Financial Corp grew its holdings in Enpro Inc. (NYSE:NPO - Free Report) by 102.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,972 shares of the industrial products company's stock after purchasing an additional 7,078 shares during the quarter. Synovus Financial Corp owned approximately 0.07% of Enpro worth $2,266,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of NPO. GAMMA Investing LLC raised its stake in Enpro by 168.1% in the 3rd quarter. GAMMA Investing LLC now owns 319 shares of the industrial products company's stock valued at $52,000 after purchasing an additional 200 shares during the last quarter. Innealta Capital LLC acquired a new stake in Enpro during the second quarter worth approximately $48,000. Blue Trust Inc. boosted its position in Enpro by 357.4% during the third quarter. Blue Trust Inc. now owns 526 shares of the industrial products company's stock worth $85,000 after acquiring an additional 411 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Enpro in the 3rd quarter valued at $99,000. Finally, KBC Group NV lifted 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 during the period. 98.31% of the stock is currently owned by institutional investors and hedge funds.
Enpro Trading Up 1.0 %
NPO traded up $1.97 on Monday, reaching $191.28. 94,595 shares of the company's stock were exchanged, compared to its average volume of 100,093. Enpro Inc. has a twelve month low of $136.68 and a twelve month high of $197.94. The company's 50 day moving average is $169.28 and its 200-day moving average is $159.33. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.00 and a current ratio of 2.76. The company has a market cap of $4.02 billion, a price-to-earnings ratio of 74.43 and a beta of 1.49.
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). Enpro had a net margin of 5.20% and a return on equity of 9.71%. The business had revenue of $260.90 million during the quarter, compared to analysts' expectations of $264.47 million. During the same period in the prior year, the business posted $1.58 EPS. The business's revenue was up 4.1% on a year-over-year basis. Equities analysts predict that Enpro Inc. will post 6.89 earnings per share for the current year.
Enpro Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend is Wednesday, December 4th. Enpro's dividend payout ratio is presently 46.69%.
Analysts Set New Price Targets
Several research firms recently weighed in on NPO. Oppenheimer increased their target price on Enpro from $170.00 to $215.00 and gave the stock an "outperform" rating in a research report on Monday. StockNews.com upgraded shares of Enpro from a "hold" rating to a "buy" rating in a report on Tuesday, December 10th. Finally, KeyCorp lifted their price target on shares of Enpro from $180.00 to $220.00 and gave the company an "overweight" rating in a report on Thursday.
Read Our Latest Report on Enpro
Insider Buying and Selling at Enpro
In other news, CAO Steven R. Bower sold 300 shares of the firm's stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $162.50, for a total transaction of $48,750.00. Following the completion of the sale, the chief accounting officer now owns 130 shares of the company's stock, valued at approximately $21,125. This trade represents a 69.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.60% of the stock is owned by corporate insiders.
About Enpro
(
Free Report)
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.
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