Zions Bancorporation N.A. boosted its holdings in Enpro Inc. (NYSE:NPO - Free Report) by 16.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,405 shares of the industrial products company's stock after purchasing an additional 1,905 shares during the quarter. Zions Bancorporation N.A. owned about 0.06% of Enpro worth $2,312,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. OFI Invest Asset Management acquired a new stake in shares of Enpro in the 4th quarter worth about $60,000. Wilmington Savings Fund Society FSB bought a new stake in Enpro during the 3rd quarter worth approximately $99,000. Smartleaf Asset Management LLC lifted its stake in Enpro by 386.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 647 shares of the industrial products company's stock valued at $111,000 after acquiring an additional 514 shares in the last quarter. KBC Group NV boosted its holdings in Enpro by 34.2% during the 4th quarter. KBC Group NV now owns 891 shares of the industrial products company's stock worth $154,000 after acquiring an additional 227 shares during the last quarter. Finally, Vista Finance LLC bought a new stake in shares of Enpro in the 4th quarter worth $204,000. 98.31% of the stock is owned by institutional investors and hedge funds.
Enpro Stock Performance
NPO traded down $11.31 during trading on Friday, hitting $163.18. 119,100 shares of the company traded hands, compared to its average volume of 105,806. Enpro Inc. has a one year low of $136.68 and a one year high of $214.58. The stock's fifty day moving average is $182.69 and its 200 day moving average is $172.74. The company has a quick ratio of 2.00, a current ratio of 2.59 and a debt-to-equity ratio of 0.44. The firm has a market cap of $3.43 billion, a P/E ratio of 47.16 and a beta of 1.52.
Enpro (NYSE:NPO - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $250.10 million. During the same quarter last year, the business posted $1.19 EPS. Enpro's quarterly revenue was up 3.7% compared to the same quarter last year. As a group, equities analysts predict that Enpro Inc. will post 7.38 EPS for the current fiscal year.
Enpro Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued a $0.31 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.24 annualized dividend and a yield of 0.76%. This is a positive change from Enpro's previous quarterly dividend of $0.30. Enpro's dividend payout ratio (DPR) is 35.84%.
Insider Activity at Enpro
In other Enpro news, CAO Steven R. Bower sold 997 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $199.66, for a total transaction of $199,061.02. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.60% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on NPO shares. Oppenheimer boosted their price target on shares of Enpro from $170.00 to $215.00 and gave the stock an "outperform" rating in a report on Monday, December 16th. StockNews.com downgraded Enpro from a "buy" rating to a "hold" rating in a research note on Wednesday, December 18th. Finally, KeyCorp increased their price target on Enpro from $180.00 to $220.00 and gave the company an "overweight" rating in a research report on Thursday, December 12th.
Check Out Our Latest Stock Report on Enpro
Enpro Profile
(
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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