F M Investments LLC Has $5.51 Million Position in Enpro Inc. (NYSE:NPO)

F M Investments LLC decreased its position in shares of Enpro Inc. (NYSE:NPO - Free Report) by 67.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,955 shares of the industrial products company's stock after selling 66,360 shares during the period. F M Investments LLC owned about 0.15% of Enpro worth $5,511,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. OFI Invest Asset Management acquired a new stake in shares of Enpro in the fourth quarter valued at approximately $60,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Enpro in the 3rd quarter valued at $99,000. Smartleaf Asset Management LLC increased its holdings in shares of Enpro by 386.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 647 shares of the industrial products company's stock worth $111,000 after acquiring an additional 514 shares in the last quarter. KBC Group NV raised its position in shares of Enpro by 34.2% during the fourth quarter. KBC Group NV now owns 891 shares of the industrial products company's stock worth $154,000 after purchasing an additional 227 shares during the period. Finally, Vista Finance LLC bought a new position in shares of Enpro during the 4th quarter valued at about $204,000. Institutional investors own 98.31% of the company's stock.

Enpro Stock Up 1.5 %

Shares of NYSE NPO traded up $2.19 during midday trading on Tuesday, reaching $148.66. The company's stock had a trading volume of 33,294 shares, compared to its average volume of 108,756. The stock has a 50 day simple moving average of $174.46 and a 200-day simple moving average of $172.08. The company has a current ratio of 2.59, a quick ratio of 2.00 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 42.97 and a beta of 1.46. Enpro Inc. has a fifty-two week low of $133.50 and a fifty-two week high of $214.58.

Enpro (NYSE:NPO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $1.57 EPS for the quarter, topping analysts' consensus estimates of $1.47 by $0.10. Enpro had a net margin of 6.95% and a return on equity of 10.25%. The company 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 business posted $1.19 EPS. The company's quarterly revenue was up 3.7% on a year-over-year basis. Equities research analysts predict that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were paid a $0.31 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.24 dividend on an annualized basis and a yield of 0.83%. This is a boost from Enpro's previous quarterly dividend of $0.30. Enpro's dividend payout ratio (DPR) is currently 35.84%.

Insider Activity

In other Enpro news, CAO Steven R. Bower sold 997 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $199.66, for a total value of $199,061.02. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

NPO has been the topic of a number of research analyst reports. Oppenheimer raised their price objective on shares of Enpro from $170.00 to $215.00 and gave the stock an "outperform" rating in a report on Monday, December 16th. StockNews.com downgraded Enpro from a "buy" rating to a "hold" rating in a research note on Wednesday, December 18th. Finally, KeyCorp reduced their price objective on Enpro from $230.00 to $190.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th.

Enpro Company 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.