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

Ameriprise Financial Inc. trimmed its holdings in Enpro Inc. (NYSE:NPO - Free Report) by 7.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,842 shares of the industrial products company's stock after selling 4,072 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.23% of Enpro worth $8,250,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. OFI Invest Asset Management acquired a new position in shares of Enpro in the 4th quarter valued at $60,000. Canada Pension Plan Investment Board acquired a new position in shares of Enpro in the 4th quarter valued at $69,000. Sterling Capital Management LLC increased its holdings in shares of Enpro by 786.6% in the 4th quarter. Sterling Capital Management LLC now owns 594 shares of the industrial products company's stock valued at $102,000 after acquiring an additional 527 shares during the period. Smartleaf Asset Management LLC grew its position in Enpro by 386.5% in the 4th 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 during the last quarter. Finally, KBC Group NV grew its position in 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 buying an additional 227 shares during the last quarter. 98.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Enpro from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. Sidoti upgraded shares of Enpro to a "strong-buy" rating in a research report on Wednesday, April 23rd. Finally, KeyCorp decreased their target price on shares of Enpro from $230.00 to $190.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th.

Insider Activity

In related news, CAO Steven R. Bower sold 997 shares of the stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.60% of the company's stock.

Enpro Price Performance

Shares of NYSE:NPO traded down $2.91 during midday trading on Monday, hitting $175.73. 70,260 shares of the stock were exchanged, compared to its average volume of 112,945. The stock has a market cap of $3.70 billion, a P/E ratio of 50.79 and a beta of 1.51. 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 twelve month low of $133.50 and a twelve month high of $214.58. The company has a 50 day moving average price of $161.49 and a 200-day moving average price of $173.85.

Enpro (NYSE:NPO - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.33. The business had revenue of $273.20 million during the quarter, compared to the consensus estimate of $266.23 million. Enpro had a return on equity of 10.25% and a net margin of 6.95%. The business's revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.57 EPS. On average, research analysts forecast that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Wednesday, June 4th. Enpro's dividend payout ratio is currently 30.85%.

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.