Capital International Investors Has $166.32 Million Stake in Enpro Inc. (NYSE:NPO)

Capital International Investors grew its position in shares of Enpro Inc. (NYSE:NPO - Free Report) by 6.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 964,470 shares of the industrial products company's stock after buying an additional 60,998 shares during the period. Capital International Investors owned approximately 4.59% of Enpro worth $166,323,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Invesco Ltd. increased its position in Enpro by 1.1% during the fourth quarter. Invesco Ltd. now owns 717,456 shares of the industrial products company's stock worth $123,725,000 after acquiring an additional 7,911 shares during the period. Neuberger Berman Group LLC increased its holdings in shares of Enpro by 23.2% during the fourth quarter. Neuberger Berman Group LLC now owns 537,660 shares of the industrial products company's stock worth $92,719,000 after purchasing an additional 101,257 shares during the period. Geode Capital Management LLC boosted its stake in shares of Enpro by 1.1% in the third quarter. Geode Capital Management LLC now owns 484,216 shares of the industrial products company's stock valued at $78,545,000 after buying an additional 5,502 shares during the period. Congress Asset Management Co. grew its position in Enpro by 1.5% during the fourth quarter. Congress Asset Management Co. now owns 313,759 shares of the industrial products company's stock worth $54,108,000 after buying an additional 4,717 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Enpro by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 254,907 shares of the industrial products company's stock worth $43,959,000 after acquiring an additional 5,742 shares during the period. Institutional investors and hedge funds own 98.31% of the company's stock.

Enpro Price Performance

Shares of NYSE NPO traded up $0.30 during trading hours on Friday, hitting $149.40. 21,112 shares of the stock were exchanged, compared to its average volume of 129,352. The company's fifty day simple moving average is $167.03 and its two-hundred day simple moving average is $171.08. The company has a market cap of $3.14 billion, a PE ratio of 43.18 and a beta of 1.46. 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 Inc. has a 1-year low of $133.50 and a 1-year high of $214.58.

Enpro (NYSE:NPO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $1.57 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $250.10 million. During the same period in the prior year, the company earned $1.19 EPS. Enpro's revenue for the quarter was up 3.7% on a year-over-year basis. On average, sell-side analysts predict that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Increases Dividend

The business also recently declared 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 was Wednesday, March 5th. This is a positive change from Enpro's previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a dividend yield of 0.83%. Enpro's payout ratio is 35.84%.

Insider Buying and Selling

In other news, CAO Steven R. Bower sold 997 shares of the business's stock in a transaction dated 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 SEC, which is available through the SEC website. 1.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, KeyCorp reduced their target price on Enpro from $230.00 to $190.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th.

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.