Enpro Inc. (NYSE:NPO) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its holdings in shares of Enpro Inc. (NYSE:NPO - Free Report) by 15.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 201,644 shares of the industrial products company's stock after selling 37,599 shares during the quarter. Bank of New York Mellon Corp owned 0.96% of Enpro worth $32,624,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in NPO. Victory Capital Management Inc. lifted its holdings in Enpro by 2.6% during the 4th quarter. Victory Capital Management Inc. now owns 6,884 shares of the industrial products company's stock worth $1,187,000 after buying an additional 172 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Enpro in the 4th quarter valued at $2,379,000. Raymond James Financial Inc. purchased a new position in Enpro during the 4th quarter worth $11,067,000. Amundi grew its position in Enpro by 193.2% during the 4th quarter. Amundi now owns 10,827 shares of the industrial products company's stock worth $1,783,000 after purchasing an additional 7,134 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Enpro by 7.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,319 shares of the industrial products company's stock worth $917,000 after purchasing an additional 364 shares during the last quarter. 98.31% of the stock is currently owned by institutional investors and hedge funds.

Enpro Stock Performance

Shares of NYSE:NPO traded up $2.17 during midday trading on Wednesday, hitting $203.79. The stock had a trading volume of 97,140 shares, compared to its average volume of 119,560. The company has a market capitalization of $4.29 billion, a PE ratio of 50.69 and a beta of 1.57. The stock has a 50 day moving average price of $188.87 and a two-hundred day moving average price of $176.66. The company has a current ratio of 2.95, a quick ratio of 2.21 and a debt-to-equity ratio of 0.42. 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 announced its quarterly earnings data 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 analysts' expectations of $266.23 million. During the same quarter last year, the business earned $1.57 earnings per share. The business's revenue for the quarter was up 6.1% compared to the same quarter last year. As a group, equities analysts predict that Enpro Inc. will post 7.38 earnings per share for the current fiscal year.

Enpro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.61%. The ex-dividend date was Wednesday, June 4th. Enpro's dividend payout ratio (DPR) is 30.85%.

Analyst Upgrades and Downgrades

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

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.