Federated Hermes Inc. Has $2.90 Million Stock Holdings in Enpro Inc. (NYSE:NPO)

Federated Hermes Inc. lessened its holdings in shares of Enpro Inc. (NYSE:NPO - Free Report) by 28.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 16,841 shares of the industrial products company's stock after selling 6,708 shares during the quarter. Federated Hermes Inc. owned about 0.08% of Enpro worth $2,904,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of NPO. OFI Invest Asset Management acquired a new stake in Enpro in the fourth quarter worth approximately $60,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Enpro in the third quarter valued at $99,000. Smartleaf Asset Management LLC boosted its stake in Enpro by 386.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 647 shares of the industrial products company's stock valued at $111,000 after buying an additional 514 shares in the last quarter. KBC Group NV grew its holdings in 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 acquiring an additional 227 shares during the period. Finally, Vista Finance LLC bought a new stake in Enpro in the fourth quarter worth about $204,000. Institutional investors own 98.31% of the company's stock.

Insider Buying and Selling

In related news, CAO Steven R. Bower sold 997 shares of the company's stock in a transaction 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 document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.60% of the company's stock.

Analyst Ratings Changes

Separately, KeyCorp lowered their price objective on shares of Enpro from $230.00 to $190.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th.

Enpro Price Performance

Shares of NPO traded up $0.41 during trading hours on Friday, hitting $144.04. 135,982 shares of the company were exchanged, compared to its average volume of 109,456. The firm has a fifty day simple moving average of $171.75 and a 200-day simple moving average of $171.60. The company has a market capitalization of $3.03 billion, a PE ratio of 41.63 and a beta of 1.46. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.59 and a quick ratio of 2.00. Enpro Inc. has a one year low of $133.50 and a one year high of $214.58.

Enpro (NYSE:NPO - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $1.57 earnings per share for the quarter, topping analysts' consensus estimates of $1.47 by $0.10. Enpro had a return on equity of 10.25% and a net margin of 6.95%. The firm had revenue of $258.40 million for the quarter, compared to analysts' expectations of $250.10 million. During the same quarter last year, the business posted $1.19 EPS. Enpro's revenue was up 3.7% on a year-over-year basis. As a group, sell-side 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. Investors of record on Wednesday, March 5th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend was Wednesday, March 5th. This is an increase from Enpro's previous quarterly dividend of $0.30. Enpro's dividend payout ratio is 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.