Caitong International Asset Management Co. Ltd Makes New $309,000 Investment in Enpro Inc. (NYSE:NPO)

Key Points

• Caitong International Asset Management Co. Ltd has invested approximately $309,000 in Enpro Inc., acquiring 1,911 shares during the first quarter of the year.
• Enpro Inc. received multiple upgrades from analysts, with Oppenheimer and KeyCorp increasing their price targets to $240.00, indicating an optimistic outlook for the stock.
• The company announced a quarterly dividend of $0.31 per share, leading to an annualized yield of 0.5%, reflecting a payout ratio of 31%.

Caitong International Asset Management Co. Ltd purchased a new position in shares of Enpro Inc. (NYSE:NPO - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,911 shares of the industrial products company's stock, valued at approximately $309,000.

Other institutional investors have also made changes to their positions in the company. Xponance Inc. raised its position in Enpro by 5.1% during the first quarter. Xponance Inc. now owns 1,570 shares of the industrial products company's stock valued at $254,000 after acquiring an additional 76 shares in the last quarter. Vista Finance LLC raised its position in Enpro by 7.0% during the first quarter. Vista Finance LLC now owns 1,267 shares of the industrial products company's stock valued at $205,000 after acquiring an additional 83 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Enpro by 1.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,597 shares of the industrial products company's stock valued at $1,310,000 after acquiring an additional 84 shares in the last quarter. Summit Investment Advisors Inc. raised its position in Enpro by 5.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,197 shares of the industrial products company's stock valued at $379,000 after acquiring an additional 106 shares in the last quarter. Finally, Illinois Municipal Retirement Fund raised its position in Enpro by 1.1% during the first quarter. Illinois Municipal Retirement Fund now owns 11,268 shares of the industrial products company's stock valued at $1,823,000 after acquiring an additional 118 shares in the last quarter. 98.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on NPO shares. Sidoti raised shares of Enpro to a "strong-buy" rating in a research report on Wednesday, April 23rd. Wall Street Zen raised shares of Enpro from a "hold" rating to a "buy" rating in a research report on Sunday, August 3rd. KeyCorp lifted their price target on shares of Enpro from $220.00 to $240.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Finally, Oppenheimer lifted their price target on shares of Enpro from $215.00 to $240.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th.

Enpro Stock Performance

Shares of Enpro stock traded down $1.74 during midday trading on Friday, hitting $222.80. The company had a trading volume of 122,348 shares, compared to its average volume of 131,683. The business's 50 day simple moving average is $203.28 and its two-hundred day simple moving average is $183.34. The stock has a market cap of $4.69 billion, a PE ratio of 55.70, a P/E/G ratio of 2.23 and a beta of 1.62. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.49 and a quick ratio of 1.65. Enpro Inc. has a 1-year low of $133.50 and a 1-year high of $231.94.

Enpro (NYSE:NPO - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.05). The company had revenue of $288.10 million during the quarter, compared to analyst estimates of $283.83 million. Enpro had a return on equity of 10.49% and a net margin of 7.83%. The company's revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.08 EPS. As a group, equities analysts predict that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be paid a $0.31 dividend. The ex-dividend date is Wednesday, September 3rd. This represents a $1.24 annualized dividend and a dividend yield of 0.6%. Enpro's dividend payout ratio (DPR) is presently 31.00%.

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.