Xponance Inc. Has $258,000 Position in Enpro Inc. (NYSE:NPO)

Xponance Inc. grew its position in shares of Enpro Inc. (NYSE:NPO) by 8.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,494 shares of the industrial products company’s stock after buying an additional 119 shares during the quarter. Xponance Inc.’s holdings in Enpro were worth $258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sanctuary Advisors LLC increased its position in Enpro by 5.8% during the fourth quarter. Sanctuary Advisors LLC now owns 1,580 shares of the industrial products company’s stock worth $295,000 after acquiring an additional 86 shares during the period. Heritage Family Offices LLP increased its holdings in shares of Enpro by 4.7% during the fourth quarter. Heritage Family Offices LLP now owns 1,934 shares of the industrial products company’s stock worth $334,000 after purchasing an additional 87 shares during the period. HighTower Advisors LLC raised its position in shares of Enpro by 3.9% in the fourth quarter. HighTower Advisors LLC now owns 3,545 shares of the industrial products company’s stock valued at $611,000 after buying an additional 134 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Enpro by 2.6% in the fourth quarter. Victory Capital Management Inc. now owns 6,884 shares of the industrial products company’s stock valued at $1,187,000 after buying an additional 172 shares during the period. Finally, KBC Group NV grew its position in 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 buying an additional 227 shares in the last quarter. Institutional investors and hedge funds own 98.31% of the company’s stock.

Enpro Stock Down 6.5 %

NYSE NPO opened at $163.18 on Friday. The business has a fifty day moving average price of $182.69 and a two-hundred day moving average price of $172.55. The stock has a market capitalization of $3.43 billion, a PE ratio of 47.16 and a beta of 1.52. 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 current ratio of 2.59 and a quick ratio of 2.00.

Enpro (NYSE:NPO) last released its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.10. Enpro had a return on equity of 10.25% and a net margin of 6.95%. The business had revenue of $258.40 million for the quarter, compared to analyst estimates of $250.10 million. During the same period last year, the firm posted $1.19 earnings per share. Enpro’s revenue was up 3.7% compared to the same quarter last year. Equities analysts expect that Enpro Inc. will post 7.38 earnings per share for the current fiscal year.

Enpro Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued a dividend of $0.31 per share. The ex-dividend date was Wednesday, March 5th. This is a positive change from Enpro’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a dividend yield of 0.76%. Enpro’s payout ratio is 35.84%.

Insider Buying and Selling

In other Enpro news, CAO Steven R. Bower sold 997 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $199.66, for a total transaction of $199,061.02. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on NPO shares. Oppenheimer upped their target price on Enpro from $170.00 to $215.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. KeyCorp upped 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. Finally, StockNews.com lowered shares of Enpro from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th.

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.