Enpro Inc. (NYSE:NPO) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA reduced its position in shares of Enpro Inc. (NYSE:NPO) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 123,605 shares of the industrial products company’s stock after selling 9,196 shares during the quarter. Enpro comprises 1.1% of Leeward Investments LLC MA’s portfolio, making the stock its 25th largest holding. Leeward Investments LLC MA’s holdings in Enpro were worth $21,316,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in shares of Enpro by 357.4% in the third quarter. Blue Trust Inc. now owns 526 shares of the industrial products company’s stock valued at $85,000 after purchasing an additional 411 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Enpro during the third quarter worth $99,000. KBC Group NV raised its holdings in shares of Enpro by 24.3% during the third quarter. KBC Group NV now owns 664 shares of the industrial products company’s stock worth $108,000 after acquiring an additional 130 shares in the last quarter. Vista Finance LLC bought a new position in Enpro during the fourth quarter valued at about $204,000. Finally, Pacer Advisors Inc. raised its holdings in Enpro by 55.4% during the fourth quarter. Pacer Advisors Inc. now owns 1,212 shares of the industrial products company’s stock valued at $209,000 after buying an additional 432 shares in the last quarter. 98.31% of the stock is owned by institutional investors.

Enpro Stock Performance

NPO stock opened at $200.44 on Friday. The company has a 50 day moving average price of $179.86 and a 200 day moving average price of $168.40. 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 Inc. has a fifty-two week low of $136.68 and a fifty-two week high of $214.58. The stock has a market capitalization of $4.21 billion, a PE ratio of 57.93 and a beta of 1.49.

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 the consensus estimate of $1.47 by $0.10. Enpro had a net margin of 6.95% and a return on equity of 10.25%. The company had revenue of $258.40 million during the quarter, compared to analyst estimates of $250.10 million. During the same quarter in the previous year, the business earned $1.19 EPS. The firm’s revenue was up 3.7% on a year-over-year basis. Analysts forecast that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be paid a $0.31 dividend. The ex-dividend date is 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 yield of 0.62%. Enpro’s dividend payout ratio is presently 35.84%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on NPO shares. StockNews.com downgraded Enpro from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th. KeyCorp lifted their target price on Enpro from $180.00 to $220.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, Oppenheimer lifted their price objective on Enpro from $170.00 to $215.00 and gave the company an “outperform” rating in a report on Monday, December 16th.

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.