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

Bank of New York Mellon Corp lessened its holdings in Enpro Inc. (NYSE:NPO - Free Report) by 15.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 approximately 0.96% of Enpro worth $32,624,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Capital International Investors grew its position in Enpro by 6.8% in the 4th quarter. Capital International Investors now owns 964,470 shares of the industrial products company's stock valued at $166,323,000 after purchasing an additional 60,998 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Enpro by 4.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 950,690 shares of the industrial products company's stock worth $163,947,000 after buying an additional 36,501 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Enpro by 1.1% in the 4th quarter. Invesco Ltd. now owns 717,456 shares of the industrial products company's stock worth $123,725,000 after buying an additional 7,911 shares during the last quarter. Capital World Investors bought a new stake in Enpro in the 4th quarter valued at about $108,825,000. Finally, Neuberger Berman Group LLC raised its stake in Enpro by 23.2% in the 4th quarter. Neuberger Berman Group LLC now owns 537,660 shares of the industrial products company's stock valued at $92,719,000 after acquiring an additional 101,257 shares during the period. Institutional investors own 98.31% of the company's stock.

Wall Street Analysts Forecast Growth

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

Enpro Stock Performance

NYSE:NPO traded down $1.51 during mid-day trading on Friday, reaching $204.28. The company's stock had a trading volume of 71,453 shares, compared to its average volume of 119,257. Enpro Inc. has a 12-month low of $133.50 and a 12-month high of $214.58. The firm's fifty day moving average price is $190.62 and its two-hundred day moving average price is $177.30. 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 stock has a market cap of $4.30 billion, a P/E ratio of 50.82 and a beta of 1.57.

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, beating analysts' consensus estimates 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 10.67% and a net margin of 7.98%. The business's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.57 EPS. On average, equities analysts forecast that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Wednesday, June 4th. This represents a $1.24 annualized dividend and a dividend yield of 0.61%. Enpro's dividend payout ratio (DPR) is 30.85%.

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.