Synovus Financial Corp Decreases Stock Position in Enpro Inc. (NYSE:NPO)

Synovus Financial Corp lessened its stake in shares of Enpro Inc. (NYSE:NPO - Free Report) by 47.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,399 shares of the industrial products company's stock after selling 6,573 shares during the quarter. Synovus Financial Corp's holdings in Enpro were worth $1,276,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. OFI Invest Asset Management bought a new position in Enpro during the 4th quarter valued at about $60,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Enpro during the third quarter valued at approximately $99,000. Sterling Capital Management LLC grew its position in shares of Enpro by 786.6% during the 4th quarter. Sterling Capital Management LLC now owns 594 shares of the industrial products company's stock worth $102,000 after buying an additional 527 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Enpro by 386.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 647 shares of the industrial products company's stock valued at $111,000 after purchasing an additional 514 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of Enpro by 34.2% in the 4th quarter. KBC Group NV now owns 891 shares of the industrial products company's stock valued at $154,000 after acquiring an additional 227 shares during the last quarter. Institutional investors own 98.31% of the company's stock.

Enpro Price Performance

NPO stock traded down $4.78 during trading on Monday, hitting $139.50. The company had a trading volume of 4,799 shares, compared to its average volume of 109,127. The business has a 50 day moving average of $170.81 and a 200 day moving average of $171.69. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 40.37 and a beta of 1.46. The company has a current ratio of 2.59, a quick ratio of 2.00 and a debt-to-equity ratio of 0.44. 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 released its 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. The business had revenue of $258.40 million for the quarter, compared to the consensus estimate of $250.10 million. Enpro had a return on equity of 10.25% and a net margin of 6.95%. The firm's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the business earned $1.19 earnings per share. As a group, research analysts predict that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued a $0.31 dividend. The ex-dividend date was Wednesday, March 5th. This is a boost from Enpro's previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a yield of 0.89%. Enpro's dividend payout ratio is presently 35.84%.

Insider Transactions at Enpro

In related 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 transaction of $199,061.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.60% of the company's stock.

Analysts Set New Price Targets

Separately, KeyCorp cut 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.

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.