Enpro Inc. (NYSE:NPO) Shares Acquired by Pitcairn Co.

Pitcairn Co. boosted its holdings in Enpro Inc. (NYSE:NPO) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,913 shares of the industrial products company’s stock after purchasing an additional 78 shares during the quarter. Pitcairn Co.’s holdings in Enpro were worth $675,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of Enpro in the fourth quarter valued at about $11,067,000. Barclays PLC lifted its position in Enpro by 115.6% during the 3rd quarter. Barclays PLC now owns 60,694 shares of the industrial products company’s stock worth $9,845,000 after acquiring an additional 32,544 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Enpro by 28.6% in the 4th quarter. JPMorgan Chase & Co. now owns 136,617 shares of the industrial products company’s stock valued at $23,560,000 after purchasing an additional 30,346 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Enpro in the fourth quarter valued at approximately $2,379,000. Finally, New York State Common Retirement Fund lifted its holdings in shares of 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 worth $4,001,000 after purchasing an additional 12,258 shares during the period. Institutional investors and hedge funds own 98.31% of the company’s stock.

Insider Buying and Selling at Enpro

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on NPO shares. Oppenheimer boosted their price objective 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 boosted their price target on shares of Enpro from $180.00 to $220.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Finally, StockNews.com downgraded shares of Enpro from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th.

Enpro Price Performance

Enpro stock opened at $142.65 on Friday. The company has a market cap of $3.00 billion, a P/E ratio of 41.23 and a beta of 1.52. Enpro Inc. has a one year low of $134.96 and a one year high of $214.58. The business has a fifty day moving average of $180.55 and a two-hundred day moving average of $172.75. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.00 and a current ratio of 2.59.

Enpro (NYSE:NPO) last announced its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $1.57 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 firm had revenue of $258.40 million during the quarter, compared to analysts’ expectations of $250.10 million. During the same quarter last year, the business earned $1.19 earnings per share. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, analysts predict that Enpro Inc. will post 7.38 earnings per share for the current fiscal year.

Enpro Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This is a boost from Enpro’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a yield of 0.87%. Enpro’s payout ratio is currently 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.