Brown Advisory Inc. Has $126.77 Million Position in Enpro Inc. (NYSE:NPO)

Brown Advisory Inc. cut its holdings in Enpro Inc. (NYSE:NPO - Free Report) by 2.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 735,085 shares of the industrial products company's stock after selling 17,249 shares during the period. Brown Advisory Inc. owned about 3.50% of Enpro worth $126,765,000 at the end of the most recent quarter.

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

Insider Transactions at Enpro

In related news, CAO Steven R. Bower sold 997 shares of Enpro stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $199.66, for a total transaction of $199,061.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.50% of the company's stock.

Enpro Stock Performance

Shares of NPO stock traded down $5.92 during trading on Friday, reaching $174.34. 144,322 shares of the company's stock were exchanged, compared to its average volume of 112,236. Enpro Inc. has a twelve month low of $133.50 and a twelve month high of $214.58. The firm's fifty day moving average price is $159.78 and its 200-day moving average price is $171.46. The company has a quick ratio of 2.00, a current ratio of 2.59 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $3.67 billion, a PE ratio of 50.39 and a beta of 1.51.

Enpro (NYSE:NPO - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.57 by $0.33. The firm 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 company's quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.57 earnings per share. As a group, sell-side analysts anticipate that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Wednesday, June 4th. Enpro's dividend payout ratio is presently 35.84%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. KeyCorp dropped their price objective on Enpro from $230.00 to $190.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Sidoti raised shares of Enpro to a "strong-buy" rating in a research report on Wednesday, April 23rd.

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.