Bank of America Corp DE Lowers Stock Position in Enpro Inc. (NYSE:NPO)

Bank of America Corp DE cut its holdings in Enpro Inc. (NYSE:NPO - Free Report) by 16.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,669 shares of the industrial products company's stock after selling 11,006 shares during the period. Bank of America Corp DE owned 0.27% of Enpro worth $9,945,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NPO. Sei Investments Co. boosted its position in shares of Enpro by 4.2% during the fourth quarter. Sei Investments Co. now owns 44,440 shares of the industrial products company's stock worth $7,663,000 after acquiring an additional 1,788 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Enpro by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 101,873 shares of the industrial products company's stock valued at $17,568,000 after purchasing an additional 2,949 shares in the last quarter. Congress Asset Management Co. increased its holdings in shares of Enpro by 1.5% in the fourth quarter. Congress Asset Management Co. now owns 313,759 shares of the industrial products company's stock worth $54,108,000 after purchasing an additional 4,717 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Enpro by 9.5% in the fourth quarter. Bank of Montreal Can now owns 2,975 shares of the industrial products company's stock worth $513,000 after buying an additional 257 shares in the last quarter. Finally, Zions Bancorporation N.A. grew its holdings in Enpro by 16.6% during the 4th quarter. Zions Bancorporation N.A. now owns 13,405 shares of the industrial products company's stock valued at $2,312,000 after buying an additional 1,905 shares in the last quarter. 98.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Enpro Trading Up 1.8%

NYSE NPO traded up $3.21 during trading on Thursday, hitting $184.10. The stock had a trading volume of 540,859 shares, compared to its average volume of 114,633. Enpro Inc. has a one year low of $133.50 and a one year high of $214.58. The stock has a 50 day simple moving average of $161.93 and a 200 day simple moving average of $174.08. The stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of 53.21 and a beta of 1.51. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.00 and a current ratio of 2.59.

Enpro (NYSE:NPO - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $1.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.57 by $0.33. The firm had revenue of $273.20 million during the quarter, compared to analyst estimates of $266.23 million. Enpro had a return on equity of 10.25% and a net margin of 6.95%. Enpro's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the company earned $1.57 EPS. Sell-side analysts predict that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Wednesday, June 4th. Enpro's payout ratio is presently 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.