BNP Paribas Financial Markets Reduces Stock Position in Enpro Inc. (NYSE:NPO)

BNP Paribas Financial Markets cut its holdings in shares of Enpro Inc. (NYSE:NPO - Free Report) by 36.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,014 shares of the industrial products company's stock after selling 1,723 shares during the period. BNP Paribas Financial Markets' holdings in Enpro were worth $520,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. OFI Invest Asset Management acquired a new stake in Enpro during the 4th quarter worth approximately $60,000. Canada Pension Plan Investment Board bought a new position in Enpro during the 4th quarter worth $69,000. Sterling Capital Management LLC boosted its stake 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 purchasing an additional 527 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Enpro by 386.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 647 shares of the industrial products company's stock worth $111,000 after buying an additional 514 shares during the period. Finally, KBC Group NV increased its position in shares of Enpro by 34.2% during the fourth quarter. KBC Group NV now owns 891 shares of the industrial products company's stock worth $154,000 after buying an additional 227 shares during the period. Institutional investors and hedge funds own 98.31% of the company's stock.

Enpro Stock Up 3.8%

Shares of NYSE:NPO traded up $6.71 during midday trading on Tuesday, hitting $182.31. 87,629 shares of the company's stock were exchanged, compared to its average volume of 112,844. The company has a market cap of $3.84 billion, a PE ratio of 52.69 and a beta of 1.51. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.59 and a quick ratio of 2.00. Enpro Inc. has a 12 month low of $133.50 and a 12 month high of $214.58. The stock 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 issued its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.57 by $0.33. The firm 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 company's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.57 earnings per share. On average, sell-side analysts anticipate 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 will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Wednesday, June 4th. Enpro's dividend payout ratio is 30.85%.

Analyst Ratings Changes

A number of analysts have commented on the stock. KeyCorp cut their price target 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. 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 upgraded shares of Enpro to a "strong-buy" rating in a research note on Wednesday, April 23rd.

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.