BNP Paribas Financial Markets Decreases Stake in Enpro Inc. (NYSE:NPO)

BNP Paribas Financial Markets trimmed its position in Enpro Inc. (NYSE:NPO - Free Report) by 36.4% during the fourth quarter, according to the company in its most recent 13F filing 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Gallagher Fiduciary Advisors LLC grew its position in Enpro by 18.1% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 3,049 shares of the industrial products company's stock valued at $526,000 after buying an additional 467 shares during the last quarter. Northern Trust Corp grew its position in Enpro by 20.8% in the 4th quarter. Northern Trust Corp now owns 268,542 shares of the industrial products company's stock valued at $46,310,000 after buying an additional 46,191 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in Enpro by 4.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 950,690 shares of the industrial products company's stock valued at $163,947,000 after acquiring an additional 36,501 shares during the period. Hsbc Holdings PLC lifted its stake in shares of Enpro by 125.7% in the fourth quarter. Hsbc Holdings PLC now owns 7,589 shares of the industrial products company's stock valued at $1,312,000 after purchasing an additional 4,227 shares during the period. Finally, MetLife Investment Management LLC increased its holdings in Enpro by 4.6% in the fourth quarter. MetLife Investment Management LLC now owns 12,673 shares of the industrial products company's stock valued at $2,185,000 after buying an additional 553 shares in the last quarter. 98.31% of the stock is currently owned by hedge funds and other institutional investors.

Enpro Price Performance

Shares of Enpro stock traded up $3.21 on Thursday, hitting $184.10. The company's stock had a trading volume of 540,859 shares, compared to its average volume of 114,633. Enpro Inc. has a 52-week low of $133.50 and a 52-week high of $214.58. The company has a quick ratio of 2.00, a current ratio of 2.59 and a debt-to-equity ratio of 0.44. The firm has a fifty day moving average price of $161.93 and a 200-day moving average price of $174.08. The company has a market capitalization of $3.87 billion, a P/E ratio of 53.21 and a beta of 1.51.

Enpro (NYSE:NPO - Get Free Report) last released 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. Enpro had a net margin of 6.95% and a return on equity of 10.25%. The business had revenue of $273.20 million for the quarter, compared to analyst estimates of $266.23 million. During the same period in the previous year, the firm earned $1.57 EPS. The business's revenue for the quarter was up 6.1% compared to the same quarter last year. On average, equities research analysts expect 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 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 0.67%. The ex-dividend date is Wednesday, June 4th. Enpro's dividend payout ratio is currently 30.85%.

Analyst Ratings Changes

A number of brokerages have issued reports on NPO. Wall Street Zen raised shares of Enpro from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. KeyCorp dropped their target price on shares of Enpro from $230.00 to $190.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Sidoti raised shares of Enpro to a "strong-buy" rating in a report on Wednesday, April 23rd.

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.