Enpro Inc. (NYSE:NPO) Shares Sold by Mariner LLC

Mariner LLC decreased its holdings in shares of Enpro Inc. (NYSE:NPO) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,933 shares of the industrial products company’s stock after selling 73 shares during the quarter. Mariner LLC’s holdings in Enpro were worth $678,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in NPO. OFI Invest Asset Management acquired a new position in shares of Enpro during the 4th quarter valued at about $60,000. Wilmington Savings Fund Society FSB purchased a new position in Enpro during the third quarter worth approximately $99,000. Sterling Capital Management LLC increased its holdings in shares of Enpro by 786.6% during the 4th quarter. Sterling Capital Management LLC now owns 594 shares of the industrial products company’s stock worth $102,000 after buying an additional 527 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Enpro by 386.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 647 shares of the industrial products company’s stock worth $111,000 after buying an additional 514 shares during the period. Finally, KBC Group NV boosted its holdings in Enpro by 34.2% in the fourth quarter. KBC Group NV now owns 891 shares of the industrial products company’s stock valued at $154,000 after acquiring an additional 227 shares during the last quarter. Institutional investors and hedge funds own 98.31% of the company’s stock.

Insider Transactions at Enpro

In related news, CAO Steven R. Bower sold 997 shares of the firm’s stock in a transaction that occurred 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 document filed with the SEC, which is available at this link. Insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. KeyCorp lowered their price target on Enpro from $230.00 to $190.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Sidoti upgraded Enpro to a “strong-buy” rating in a research note on Wednesday, April 23rd.

Enpro Stock Up 0.7 %

NYSE:NPO opened at $152.05 on Wednesday. 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 has a market capitalization of $3.20 billion, a price-to-earnings ratio of 43.95 and a beta of 1.46. Enpro Inc. has a one year low of $133.50 and a one year high of $214.58. The stock has a 50-day simple moving average of $163.89 and a 200 day simple moving average of $170.96.

Enpro (NYSE:NPO) last announced 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. 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 analysts’ expectations of $250.10 million. During the same period last year, the business posted $1.19 earnings per share. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. Sell-side analysts predict that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date was Wednesday, March 5th. This is a boost from Enpro’s previous quarterly dividend of $0.30. Enpro’s 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.