Enpro Inc. (NYSE:NPO) Shares Bought by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. grew its stake in Enpro Inc. (NYSE:NPO) by 8.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,477 shares of the industrial products company’s stock after purchasing an additional 266 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Enpro were worth $600,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. OFI Invest Asset Management acquired a new stake in Enpro in the 4th quarter worth about $60,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Enpro in the third quarter valued at approximately $99,000. Smartleaf Asset Management LLC boosted its stake in shares of Enpro by 386.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 647 shares of the industrial products company’s stock worth $111,000 after acquiring an additional 514 shares during the last quarter. KBC Group NV increased its position in shares of Enpro by 34.2% during the fourth quarter. KBC Group NV now owns 891 shares of the industrial products company’s stock worth $154,000 after purchasing an additional 227 shares in the last quarter. Finally, Vista Finance LLC acquired a new position in Enpro in the 4th quarter valued at $204,000. Hedge funds and other institutional investors own 98.31% of the company’s stock.

Enpro Stock Up 4.4 %

Shares of NYSE:NPO opened at $179.78 on Tuesday. Enpro Inc. has a 52-week low of $136.68 and a 52-week high of $214.58. 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 business has a fifty day moving average of $182.43 and a two-hundred day moving average of $172.16. The stock has a market cap of $3.81 billion, a P/E ratio of 51.96 and a beta of 1.52.

Enpro (NYSE:NPO) last released its quarterly earnings data 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. The firm had revenue of $258.40 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the business earned $1.19 earnings per share. On average, research analysts expect 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 was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 0.69%. This is a positive change from Enpro’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, March 5th. Enpro’s dividend payout ratio is presently 35.84%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. StockNews.com cut shares of Enpro from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th. KeyCorp boosted their price target 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. Finally, Oppenheimer raised their target price on shares of Enpro from $170.00 to $215.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th.

Insiders Place Their Bets

In related news, CAO Steven R. Bower sold 997 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $199.66, for a total transaction of $199,061.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.60% of the stock is owned by insiders.

Enpro 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.