Brown Advisory Inc. Lowers Stake in Enpro Inc. (NYSE:NPO)

Brown Advisory Inc. lowered its stake in Enpro Inc. (NYSE:NPO - Free Report) by 8.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 673,621 shares of the industrial products company's stock after selling 61,464 shares during the period. Brown Advisory Inc. owned approximately 3.20% of Enpro worth $108,985,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of NPO. Capital International Investors boosted its stake in shares of Enpro by 6.8% during the fourth 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 stake in shares of Enpro by 4.0% during 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 purchasing an additional 36,501 shares during the period. Invesco Ltd. increased its position in shares of Enpro by 1.1% in the fourth quarter. Invesco Ltd. now owns 717,456 shares of the industrial products company's stock valued at $123,725,000 after acquiring an additional 7,911 shares during the period. Capital World Investors purchased a new position in shares of Enpro in the fourth quarter valued at about $108,825,000. Finally, Neuberger Berman Group LLC increased its position in shares of Enpro by 23.2% in the fourth 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. Hedge funds and other institutional investors own 98.31% of the company's stock.

Wall Street Analyst Weigh In

NPO has been the topic of a number of analyst reports. Sidoti upgraded shares of Enpro to a "strong-buy" rating in a research report on Wednesday, April 23rd. KeyCorp reiterated an "overweight" rating on shares of Enpro in a report on Tuesday, June 3rd. Finally, Wall Street Zen upgraded Enpro from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th.

Enpro Trading Down 1.4%

Enpro stock traded down $2.91 during mid-day trading on Friday, reaching $202.03. 17,206 shares of the company traded hands, compared to its average volume of 118,895. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.95 and a quick ratio of 2.21. The firm's 50 day moving average price is $186.27 and its 200 day moving average price is $176.06. The firm has a market capitalization of $4.25 billion, a price-to-earnings ratio of 50.26 and a beta of 1.57. Enpro Inc. has a 52-week low of $133.50 and a 52-week high of $214.58.

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. Enpro had a net margin of 7.98% and a return on equity of 10.67%. The business had revenue of $273.20 million during the quarter, compared to analyst estimates of $266.23 million. During the same period last year, the business posted $1.57 earnings per share. Enpro's quarterly revenue was up 6.1% compared to the same quarter last year. On average, analysts anticipate that Enpro Inc. will post 7.38 earnings per share for the current fiscal year.

Enpro Dividend Announcement

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