Allspring Global Investments Holdings LLC Has $657,000 Stock Position in Enpro Inc. (NYSE:NPO)

Allspring Global Investments Holdings LLC reduced its stake in Enpro Inc. (NYSE:NPO) by 84.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,808 shares of the industrial products company’s stock after selling 21,432 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Enpro were worth $657,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Blue Trust Inc. lifted its stake 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 purchasing an additional 411 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Enpro during the 3rd quarter worth $99,000. KBC Group NV raised its position in 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 last quarter. Pacer Advisors Inc. raised its position in shares of Enpro by 55.4% in the 4th quarter. Pacer Advisors Inc. now owns 1,212 shares of the industrial products company’s stock worth $209,000 after acquiring an additional 432 shares in the last quarter. Finally, Verition Fund Management LLC bought a new position in shares of Enpro in the 3rd quarter worth about $222,000. 98.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Enpro Stock Performance

Shares of NPO opened at $200.44 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.59 and a quick ratio of 2.00. The stock has a 50-day moving average of $179.86 and a 200-day moving average of $168.54. The company has a market cap of $4.21 billion, a PE ratio of 57.93 and a beta of 1.49. Enpro Inc. has a one year low of $136.68 and a one year high of $214.58.

Enpro (NYSE:NPO) last issued its earnings results 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 company had revenue of $258.40 million during the quarter, compared to the consensus estimate of $250.10 million. Enpro had a return on equity of 10.25% and a net margin of 6.95%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the business posted $1.19 EPS. On average, equities research analysts predict that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Increases Dividend

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

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.