Orion Portfolio Solutions LLC Acquires New Shares in Enpro Inc. (NYSE:NPO)

Orion Portfolio Solutions LLC bought a new stake in Enpro Inc. (NYSE:NPO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,211 shares of the industrial products company’s stock, valued at approximately $209,000.

Several other institutional investors have also recently bought and sold shares of the business. OFI Invest Asset Management bought a new stake in shares of Enpro during the 4th quarter valued at approximately $60,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Enpro during the third quarter worth $99,000. Smartleaf Asset Management LLC increased its holdings in shares of Enpro by 386.5% during the fourth 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 in the last quarter. KBC Group NV lifted its stake in shares of Enpro by 34.2% in the 4th 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. Finally, Vista Finance LLC acquired a new stake in shares of Enpro during the 4th quarter valued at $204,000. Institutional investors and hedge funds own 98.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on NPO. KeyCorp dropped their target price on Enpro from $230.00 to $190.00 and set an “overweight” rating for the company in a research report on Tuesday. Oppenheimer lifted their target price on shares of Enpro from $170.00 to $215.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Finally, StockNews.com cut shares of Enpro from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th.

Insiders Place Their Bets

In related news, CAO Steven R. Bower sold 997 shares of the company’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 document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.60% of the company’s stock.

Enpro Trading Down 6.3 %

Shares of NPO stock opened at $145.25 on Friday. Enpro Inc. has a 1-year low of $133.50 and a 1-year high of $214.58. The company has a current ratio of 2.59, a quick ratio of 2.00 and a debt-to-equity ratio of 0.44. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 41.98 and a beta of 1.46. The stock has a 50-day moving average of $176.05 and a 200-day moving average of $172.19.

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

Enpro Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.31 per share. The ex-dividend date was Wednesday, March 5th. This represents a $1.24 dividend on an annualized basis and a yield of 0.85%. This is a boost from Enpro’s previous quarterly dividend of $0.30. Enpro’s dividend 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.