Bamco Inc. NY Makes New Investment in Enpro Inc. (NYSE:NPO)

Bamco Inc. NY bought a new stake in shares of Enpro Inc. (NYSE:NPO - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 140,378 shares of the industrial products company's stock, valued at approximately $24,208,000. Bamco Inc. NY owned 0.67% of Enpro at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pitcairn Co. increased its stake in shares of Enpro by 2.0% during the fourth quarter. Pitcairn Co. now owns 3,913 shares of the industrial products company's stock valued at $675,000 after acquiring an additional 78 shares during the period. Sanctuary Advisors LLC raised its stake in shares of Enpro by 5.8% in the 4th quarter. Sanctuary Advisors LLC now owns 1,580 shares of the industrial products company's stock worth $295,000 after buying an additional 86 shares in the last quarter. Heritage Family Offices LLP lifted its holdings in shares of Enpro by 4.7% in the fourth quarter. Heritage Family Offices LLP now owns 1,934 shares of the industrial products company's stock valued at $334,000 after buying an additional 87 shares during the period. Summit Investment Advisors Inc. boosted its stake in Enpro by 5.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,197 shares of the industrial products company's stock valued at $379,000 after buying an additional 106 shares in the last quarter. Finally, Xponance Inc. grew its holdings in Enpro by 8.7% during the fourth quarter. Xponance Inc. now owns 1,494 shares of the industrial products company's stock worth $258,000 after acquiring an additional 119 shares during the period. 98.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NPO. Sidoti raised shares of Enpro to a "strong-buy" rating in a report on Wednesday, April 23rd. KeyCorp reduced their target price on shares of Enpro from $230.00 to $190.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th.

Insider Transactions at Enpro

In other news, CAO Steven R. Bower sold 997 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $199.66, for a total value of $199,061.02. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.50% of the stock is currently owned by insiders.

Enpro Trading Down 3.3 %

Shares of NYSE NPO traded down $5.92 during mid-day trading on Friday, hitting $174.34. 144,322 shares of the company traded hands, compared to its average volume of 112,236. The business has a 50 day moving average of $159.78 and a two-hundred day moving average of $171.46. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 50.39 and a beta of 1.51. Enpro Inc. has a 1 year low of $133.50 and a 1 year high of $214.58. The company has a quick ratio of 2.00, a current ratio of 2.59 and a debt-to-equity ratio of 0.44.

Enpro (NYSE:NPO - Get Free Report) last released its earnings results on Tuesday, May 6th. The industrial products company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.33. The business had revenue of $273.20 million for the quarter, compared to the consensus estimate of $266.23 million. Enpro had a net margin of 6.95% and a return on equity of 10.25%. The firm's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the firm posted $1.57 earnings per share. On average, sell-side analysts anticipate that Enpro Inc. will post 7.38 earnings per share for the current fiscal year.

Enpro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be issued a $0.31 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.71%. 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.