Phocas Financial Corp. Has $846,000 Stock Position in Enpro Inc. (NYSE:NPO)

Phocas Financial Corp. cut its stake in shares of Enpro Inc. (NYSE:NPO) by 85.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,903 shares of the industrial products company’s stock after selling 27,829 shares during the quarter. Phocas Financial Corp.’s holdings in Enpro were worth $846,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Barclays PLC lifted its position in shares of Enpro by 115.6% during the 3rd quarter. Barclays PLC now owns 60,694 shares of the industrial products company’s stock valued at $9,845,000 after acquiring an additional 32,544 shares during the period. Congress Asset Management Co. raised its position in Enpro by 4.2% in the third quarter. Congress Asset Management Co. now owns 309,042 shares of the industrial products company’s stock worth $50,120,000 after acquiring an additional 12,316 shares during the period. New York State Common Retirement Fund grew its holdings in Enpro by 112.0% during the fourth quarter. New York State Common Retirement Fund now owns 23,202 shares of the industrial products company’s stock valued at $4,001,000 after purchasing an additional 12,258 shares during the period. Citigroup Inc. increased its holdings in Enpro by 80.7% in the 3rd quarter. Citigroup Inc. now owns 26,381 shares of the industrial products company’s stock worth $4,278,000 after acquiring an additional 11,785 shares during the last quarter. Finally, FMR LLC raised its position in shares of Enpro by 0.9% in the third quarter. FMR LLC now owns 1,241,736 shares of the industrial products company’s stock valued at $201,385,000 after purchasing an additional 11,643 shares during the period. 98.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Enpro Price Performance

Shares of NYSE:NPO opened at $199.51 on Wednesday. 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 quick ratio of 2.00 and a current ratio of 2.59. The firm has a fifty day moving average price of $180.25 and a 200 day moving average price of $169.23. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of 57.66 and a beta of 1.49.

Enpro (NYSE:NPO) last issued its quarterly earnings data 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 business 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 business posted $1.19 earnings per share. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, sell-side analysts expect that Enpro Inc. will post 7.38 earnings per share for the current fiscal year.

Enpro Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend 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 payout ratio is 35.84%.

Enpro 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.