Louisiana State Employees Retirement System Acquires Shares of 10,500 Enpro Inc. (NYSE:NPO)

Louisiana State Employees Retirement System acquired a new stake in Enpro Inc. (NYSE:NPO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,500 shares of the industrial products company’s stock, valued at approximately $1,646,000. Louisiana State Employees Retirement System owned 0.05% of Enpro at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of NPO. Capital International Investors increased its position in shares of Enpro by 63.6% in the first quarter. Capital International Investors now owns 1,432,727 shares of the industrial products company’s stock valued at $140,020,000 after acquiring an additional 556,751 shares during the period. T. Rowe Price Investment Management Inc. purchased a new position in shares of Enpro in the fourth quarter valued at about $40,761,000. Norges Bank purchased a new position in shares of Enpro during the fourth quarter valued at about $22,342,000. Bank of America Corp DE increased its position in shares of Enpro by 147.6% during the first quarter. Bank of America Corp DE now owns 65,869 shares of the industrial products company’s stock valued at $6,843,000 after buying an additional 204,319 shares during the period. Finally, FMR LLC increased its position in shares of Enpro by 21.8% during the third quarter. FMR LLC now owns 948,511 shares of the industrial products company’s stock valued at $114,950,000 after buying an additional 169,848 shares during the period. Hedge funds and other institutional investors own 98.31% of the company’s stock.

Wall Street Analyst Weigh In

Separately, TheStreet upgraded shares of Enpro from a “c+” rating to a “b-” rating in a research report on Thursday, February 1st.

Insiders Place Their Bets

In other Enpro news, Director Der Graaf Kees Van sold 1,200 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $160.01, for a total value of $192,012.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Enpro news, Director Der Graaf Kees Van sold 1,200 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $160.01, for a total value of $192,012.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Robert Savage Mclean sold 6,400 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $158.32, for a total transaction of $1,013,248.00. Following the completion of the transaction, the chief accounting officer now owns 28,961 shares in the company, valued at approximately $4,585,105.52. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

Enpro Price Performance

Shares of NYSE NPO opened at $148.88 on Friday. Enpro Inc. has a 1 year low of $92.04 and a 1 year high of $170.63. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.31 and a quick ratio of 2.59. The company’s 50-day moving average is $159.21 and its 200 day moving average is $144.56. The stock has a market capitalization of $3.12 billion, a P/E ratio of 140.45 and a beta of 1.55.

Enpro (NYSE:NPO) last announced its quarterly earnings data on Tuesday, February 20th. The industrial products company reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.28). The business had revenue of $241.90 million during the quarter, compared to analysts’ expectations of $264.10 million. Enpro had a return on equity of 9.67% and a net margin of 2.10%. Enpro’s revenue for the quarter was down 11.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.47 EPS. On average, sell-side analysts expect that Enpro Inc. will post 7.43 earnings per share for the current year.

Enpro Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, March 6th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date was Tuesday, March 5th. This is a boost from Enpro’s previous quarterly dividend of $0.29. Enpro’s dividend payout ratio is 113.21%.

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.