Trigran Investments Inc. Sells 4,859 Shares of Enpro Inc. (NYSE:NPO)

Trigran Investments Inc. decreased its position in Enpro Inc. (NYSE:NPO - Free Report) by 1.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 283,906 shares of the industrial products company's stock after selling 4,859 shares during the quarter. Enpro accounts for approximately 5.6% of Trigran Investments Inc.'s holdings, making the stock its 10th largest position. Trigran Investments Inc. owned 1.35% of Enpro worth $48,960,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in NPO. MetLife Investment Management LLC raised its stake in Enpro by 4.6% during the fourth quarter. MetLife Investment Management LLC now owns 12,673 shares of the industrial products company's stock worth $2,185,000 after acquiring an additional 553 shares during the period. Capital World Investors acquired a new stake in shares of Enpro during the 4th quarter worth approximately $108,825,000. First Trust Advisors LP bought a new stake in shares of Enpro in the 4th quarter worth approximately $757,000. Capital International Investors boosted its position in Enpro by 6.8% during the 4th quarter. Capital International Investors now owns 964,470 shares of the industrial products company's stock valued at $166,323,000 after purchasing an additional 60,998 shares during the period. Finally, Canada Pension Plan Investment Board bought a new position in Enpro during the 4th quarter worth $69,000. 98.31% of the stock is currently owned by institutional investors.

Enpro Stock Performance

Shares of NYSE NPO traded up $0.18 during midday trading on Friday, reaching $149.28. 31,641 shares of the company traded hands, compared to its average volume of 110,452. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 43.17 and a beta of 1.46. The stock has a 50-day moving average price of $167.03 and a 200 day moving average price of $171.08. Enpro Inc. has a 52 week low of $133.50 and a 52 week high of $214.58. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.59 and a quick ratio of 2.00.

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

Enpro Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.31 per share. This is a positive change from Enpro's previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Wednesday, March 5th. Enpro's dividend payout ratio (DPR) is presently 35.84%.

Wall Street Analysts Forecast Growth

Separately, KeyCorp cut their target price on Enpro from $230.00 to $190.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th.

Insider Activity

In related news, CAO Steven R. Bower sold 997 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The shares were 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 SEC, which can be accessed through this hyperlink. 1.60% of the stock is owned by insiders.

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.