Vanguard Group Inc. Grows Position in Enpro Inc. (NYSE:NPO)

Vanguard Group Inc. lifted its position in shares of Enpro Inc. (NYSE:NPO) by 0.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,333,635 shares of the industrial products company’s stock after purchasing an additional 929 shares during the quarter. Vanguard Group Inc. owned about 0.11% of Enpro worth $402,435,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NPO. OFI Invest Asset Management bought a new stake in shares of Enpro during the 4th quarter valued at $60,000. Wilmington Savings Fund Society FSB bought a new stake in Enpro during the third quarter worth about $99,000. Smartleaf Asset Management LLC grew its holdings in 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 purchasing an additional 514 shares during the period. KBC Group NV increased its stake 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 valued at $154,000 after purchasing an additional 227 shares in the last quarter. Finally, Vista Finance LLC purchased a new position in shares of Enpro during the fourth quarter valued at approximately $204,000. 98.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Enpro Stock Performance

NPO stock opened at $165.36 on Thursday. The stock’s 50 day simple moving average is $181.87 and its 200 day simple moving average is $173.00. The company has a current ratio of 2.59, a quick ratio of 2.00 and a debt-to-equity ratio of 0.44. Enpro Inc. has a 12-month low of $136.68 and a 12-month high of $214.58. The stock has a market capitalization of $3.48 billion, a PE ratio of 47.79 and a beta of 1.52.

Enpro (NYSE:NPO) last announced its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.10. Enpro had a return on equity of 10.25% and a net margin of 6.95%. The firm had revenue of $258.40 million for the quarter, compared to the consensus estimate of $250.10 million. During the same period in the prior year, the company posted $1.19 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. As a group, research analysts forecast 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. Stockholders of record on Wednesday, March 5th were paid a $0.31 dividend. 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 dividend on an annualized basis and a dividend yield of 0.75%. Enpro’s payout ratio is currently 35.84%.

Insider Activity

In other Enpro news, CAO Steven R. Bower sold 997 shares of Enpro stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $199.66, for a total value of $199,061.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is owned by corporate insiders.

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.