State of New Jersey Common Pension Fund D Has $2.09 Million Holdings in Enpro Inc. (NYSE:NPO)

State of New Jersey Common Pension Fund D trimmed its position in shares of Enpro Inc. (NYSE:NPO) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,099 shares of the industrial products company’s stock after selling 298 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.06% of Enpro worth $2,086,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Synovus Financial Corp lifted its holdings in shares of Enpro by 102.7% in the third quarter. Synovus Financial Corp now owns 13,972 shares of the industrial products company’s stock worth $2,266,000 after acquiring an additional 7,078 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Enpro by 4.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 106,271 shares of the industrial products company’s stock worth $17,235,000 after purchasing an additional 4,123 shares during the last quarter. Belmont Capital LLC bought a new position in Enpro during the 3rd quarter worth approximately $565,000. Stifel Financial Corp raised its holdings in Enpro by 10.6% during the 3rd quarter. Stifel Financial Corp now owns 10,414 shares of the industrial products company’s stock worth $1,689,000 after purchasing an additional 995 shares during the last quarter. Finally, Harvey Partners LLC grew its position in shares of Enpro by 1.9% during the 3rd quarter. Harvey Partners LLC now owns 212,500 shares of the industrial products company’s stock worth $34,463,000 after buying an additional 4,000 shares during the period. 98.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on NPO shares. KeyCorp raised their price objective on shares of Enpro from $180.00 to $220.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Oppenheimer lifted their price objective on shares of Enpro from $170.00 to $215.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Finally, StockNews.com downgraded shares of Enpro from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th.

Enpro Price Performance

Shares of NYSE:NPO opened at $200.44 on Friday. The company has a market capitalization of $4.21 billion, a P/E ratio of 57.93 and a beta of 1.49. Enpro Inc. has a fifty-two week low of $136.68 and a fifty-two week high of $214.58. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.00 and a current ratio of 2.59. The company’s 50-day moving average is $179.86 and its 200 day moving average is $168.40.

Enpro (NYSE:NPO) last released its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.47 by $0.10. The business 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%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.19 earnings per share. On average, equities research analysts forecast that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.31 per share. The ex-dividend date is Wednesday, March 5th. This is an increase from Enpro’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a yield of 0.62%. Enpro’s dividend payout ratio is 35.84%.

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.