Teacher Retirement System of Texas Takes Position in Enpro Inc. (NYSE:NPO)

Teacher Retirement System of Texas bought a new position in shares of Enpro Inc. (NYSE:NPO - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,058 shares of the industrial products company's stock, valued at approximately $495,000.

Other hedge funds also recently made changes to their positions in the company. Pitcairn Co. grew its stake in shares of Enpro by 2.0% in the fourth quarter. Pitcairn Co. now owns 3,913 shares of the industrial products company's stock worth $675,000 after purchasing an additional 78 shares during the last quarter. Vista Finance LLC grew its position in shares of Enpro by 7.0% during the 1st quarter. Vista Finance LLC now owns 1,267 shares of the industrial products company's stock valued at $205,000 after acquiring an additional 83 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Enpro by 1.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,597 shares of the industrial products company's stock worth $1,310,000 after buying an additional 84 shares during the period. Summit Investment Advisors Inc. boosted its holdings in Enpro by 5.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,197 shares of the industrial products company's stock worth $379,000 after buying an additional 106 shares during the period. Finally, Illinois Municipal Retirement Fund boosted its holdings in Enpro by 1.1% in the 1st quarter. Illinois Municipal Retirement Fund now owns 11,268 shares of the industrial products company's stock valued at $1,823,000 after purchasing an additional 118 shares during the period. 98.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on NPO. Sidoti upgraded shares of Enpro to a "strong-buy" rating in a research report on Wednesday, April 23rd. Wall Street Zen raised shares of Enpro from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. Finally, KeyCorp reaffirmed an "overweight" rating on shares of Enpro in a research note on Tuesday, June 3rd.

Enpro Trading Down 0.7%

NPO stock traded down $1.51 during trading on Friday, reaching $204.28. 71,453 shares of the stock were exchanged, compared to its average volume of 119,401. The company has a current ratio of 2.95, a quick ratio of 2.21 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $4.30 billion, a price-to-earnings ratio of 50.82 and a beta of 1.57. The business has a 50 day moving average price of $190.62 and a 200-day moving average price of $177.34. 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 released its quarterly earnings results 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. Enpro had a net margin of 7.98% and a return on equity of 10.67%. The firm had revenue of $273.20 million during the quarter, compared to the consensus estimate of $266.23 million. During the same quarter in the prior year, the firm earned $1.57 EPS. Enpro's revenue for the quarter was up 6.1% on a year-over-year basis. On average, research analysts predict that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend was Wednesday, June 4th. Enpro's payout ratio is currently 30.85%.

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.